UPM signs JDA agreement with Renmatix
June 11, 2013
By Canadian Biomass
June 11, 2013, Helsinki, Finland – UPM and Renmatix have entered into a non-exclusive joint development agreement (JDA) in biochemicals to further develop Renmatix's water-based Plantrose process that converts woody biomass into low-cost sugar intermediates.
Renmatix manufactures cellulosic sugar and its Plantrose process uses water at
very high temperatures and pressures to breakdown biomass through supercritical
hydrolysis. Under such conditions water can act as both a powerful solvent and
catalyst, creating rapid reactions.
"We believe this pioneering approach leads to real cost advantages over
conventional methods. Our growing relationship with UPM gives Renmatix an
opportunity to support them expanding the Biofore story," said Mike Hamilton,
CEO of Renmatix.
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