Tate & Lyle to enter into new joint development agreement with Genomatica to produce Bio-BDO
DECATUR, IL – Tate & Lyle announced today it has entered into a joint development agreement with San Diego based Genomatica for the demonstration-scale production of Genomatica’s Bio-BDO (1,4-butanediol).
Under the agreement, Tate & Lyle will dedicate a demonstration-scale production facility in Decatur, Illinois, for exclusive use by Genomatica for the scale-up of the Bio-BDO process. This demonstration facility is expected to create 25 local jobs including research, engineering, and frontline technician positions. Engineering of the demonstration facility is already underway and fermentations are expected to begin in the second quarter of this year with full-integrated plant operations in the third quarter.
BDO, an intermediate chemical with a $4 billion market worldwide, is used to make spandex, automotive plastics, running shoes, insulation, and other derivatives. Genomatica’s process produces the same BDO product that is currently made from a variety of petroleum-derived sources, but uses 100% renewable ingredients.
“We are excited to be working with Genomatica to create the first commercialization of its Bio-BDO product,” said Matt Wineinger, President, Bulk Ingredients, Tate & Lyle. “The combination of Genomatica’s technology and successful BDO commercial experience with Tate & Lyle’s fermentation expertise and operational capabilities are an excellent fit”.
About Tate & Lyle:
Tate & Lyle is a global provider of ingredients and solutions to the food, beverage and other industries, operating from over 30 production facilities around the world. Through our large-scale, efficient manufacturing plants, we turn raw materials into distinctive, high quality ingredients for our customers. Our ingredients and solutions add taste, texture, nutrition and increased functionality to products that millions of people around the world use or consume every day.
Tate & Lyle’s range of leading branded food ingredients includes SPLENDA® Sucralose, PROMITOR™ Dietary Fiber and STA-LITE® Polydextrose. Tate & Lyle also produces branded industrial ingredients including Bio-PDO™, Ethylex® and Sta-Lok® paper starches; and staple ingredients such as high fructose corn syrup, ethanol, citric acid and basic starches. In addition to providing a wide range of ingredients our Innovation and Commercial Development Group supports customers by providing product development, technical advice and proprietary consumer insight studies.
Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2010, Tate & Lyle employed 5,666 people in its subsidiaries and joint ventures, and sales totalled £3.50 billion. http://www.tateandlyle.com.
SPLENDA® is a trademark of McNeil Nutritionals, LLC
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