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Dow, OPX Biotechnologies enter biobased acrylic acid agreement http://apocadocs.com/s.pl?1302870379
OPX Biotechnologies Inc. announced today that the two companies are collaborating to develop an industrial-scale process for the production of biobased acrylic acid ... using a fermentable sugar (such as corn and/or cane sugar) feedstock with equal performance qualities as petroleum-based acrylic acid, creating a direct replacement option for the market. If collaborative research is successful, the companies will discuss commercialization opportunities that could bring biobased acrylic acid to market in three to five years....
The global petroleum-based acrylic acid market is $8 billion and growing 3 to 4 percent per year. Acrylic acid is a key chemical building block used in a wide range of consumer goods including paints, adhesives, diapers and detergents.
"Dow is interested in biobased products that are economically competitive to petrochemical-based products with equal or advantaged performance qualities," said Pat Gottschalk, business director and vice president, Dow Performance Monomers.
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DOW -- innovating with the Human Element™ (if it's economically competitive).
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