MOSCOW (MRC) -- Amyris (AMRS), Braskem (BAK) and Michelin announced that Braskem is joining the ongoing collaboration between Michelin and Amyris, said Finance.
This collaboration was initiated to develop and commercialize renewable isoprene, sourced from various biomass as an additional sustainable pathway to produce isoprene.
Under the terms of the agreement, Braskem, Michelin and Amyris will work together to develop a technology to utilize plant sugars, such as those found in Brazilian sugarcane or cellulosic feedstocks, to produce renewable isoprene. Adding the expertise of Braskem, the largest petrochemical company in the Americas and global leader in the production of biopolymers, Amyris and Michelin will accelerate the industrialization of renewable isoprene.
Amyris will share its rights to commercialize the renewable isoprene technology developed under this collaboration with Braskem. Michelin will maintain certain preferential, but not exclusive, access to the renewable isoprene to be produced by this technology. The companies will not disclose details of the agreement, including the financial contributions of each party.
This joint project, with Amyris and Braskem, will give Michelin an additional sustainable sourcing channel for poly-isoprene for the production of quality tires, providing a high-performance, environmentally responsible material.
Amyris is an integrated renewable products company focused on providing sustainable alternatives to a broad range of petroleum-sourced products.
Braskem is the largest producer of thermoplastic resins in the Americas and the world's leading biopolymers producer, manufacturing green polyethylene from sugarcane-based ethanol. With 36 industrial plants in Brazil, the United States and Germany, the company produces over 35 billion pounds of thermoplastic resins and other petrochemicals per year, creating more environmental-friendly, intelligent and sustainable solutions through chemicals and plastics that improve people's lives.
As MRC wrote before, Braskem announces its plans for the construction of an Ultra High Molecular Weight Polyethylene (UHMWPE) plant at its site in La Porte, Texas. Braskem's UHMWPE products are produced under the trade name UTEC. Groundbreaking of the new plant in La Porte will start during the third quarter of 2014.
Michelin, the leading tire company, is dedicated to sustainably improving the mobility of goods and people by manufacturing and marketing tires for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment and trucks.
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