This long term partnership involves teams from both companies working together to drive commercially-focused innovations that will reduce the use of fossil-based resources. Genomatica will deploy its strengths in developing industrial-scale bioprocesses to produce widely-used chemicals. Covestro complements the collaboration with strong know-how in chemical process technology and application development. This initiative is another example of Covestro’s approach to drive innovation by sustainability.
‘The market is showing increasing interest in products based on renewable raw materials,’ said Klaus Schäfer, Chief Technology Officer of Covestro, that is based in Germany. ‘Being able to increasingly derive key materials from biomass is essential for making our industry less dependent on fossil raw materials and market fluctuations.’
Christophe Schilling, CEO of US-based Genomatica, added: ‘We look forward to supporting Covestro in its efforts and providing our expertise in harnessing the power of biotechnology to bring much-needed change to many segments of the chemical industry.’