The acquisition strengthens the company's commitment to the development of bio-chemicals made from biomass
São Paulo, October 14, 2015- SGBio, a joint venture between the Solvay Group and GranBio, has acquired assets from Cobalt, a US biotechnology company and leading developer of technology for n-butanol, acetone, ethanol and butene made from biomass. The purchased assets include the bankof microorganismsand intellectual property related to patents, trademarks, processes, operating procedures and know how.
With the acquisition, SGBio boosts its proprietary knowledge, now having access to a full suite of higher performance technologies utilized in the production of bio-chemicals. The robustnessand flexibility of the microorganisms have been proven at scale, demonstrating high productivity levels, which considerably reduce risk.
''This acquisition of technology brings about a consistent and important step towards the establishment of industrial n-butanol and acetone production from biomass, which is one of the company's strategic objectives,'' says Márcia Cunha, CEO of SGBio.
This strategy also includes the improvement of the strains acquired, which will be carried out by the company's R&D team. The goal is to create a platform that allows the incorporation of a large variety of biomass sources and the development of other products.
"SGBio has significantly strengthened its position for its entry into the bio-butanol and bio-acetone markets, with this leap in knowledge, which was essential to the company's current and future plans for the expansion in the biomass-based biochemical industry," says José Matias, CEO Solvay Coatis Business.
"With this deal, we have reinforced our commitment to the development of the biotechnology industry, bringing knowledge to Brazil that is at the frontier of science and which will make a green route possible to one of the main raw materials in the chemical industry," says Bernardo Gradin, CEO of Granbio.
SGBio is a joint venture between GranBio and Rhodia - a Solvay Group company - in which eachholds a 50% stake. The companywas formed in October 2014 with a focus on the production and marketing of bion-butanol, a chemical compound used in particular in the manufacture of
paints and solvents. The industrial process will be second generation,using sugarcane straw and bagasse to produce cellulosic sugars that are converted to the final product.
About Cobalt Technologies
Cobalt Technologies is the leading company in the production of bio n-butanol, an industrial chemical widely used in paints, lacquers and other surface coatings. Cobalt's technology offers a continuous process to efficiently convert diverse non-food feedstock into bio-butanol.
For further information, please go towww.cobalttech.com
As an international chemical group, Solvay helps industry find and implement increasingly responsible and value-creating solutions. It generates 90% of its turnover from activities where it ranks among the top three global groups. Its products are used in various markets, such as energy and the environment, automotive and aerospace, electrical and electronics, aiming to improve clients' performance and consumers' quality of life. The group, headquartered in Brussels, employs about 26,000 people in 52 countries and earned € 10.2 billion in 2014. Solvay SA (SOLB.BE) is listed on the NYSE, Euronext Brussels, and Paris markets (Bloomberg: SOLB.BB - Reuters: SOLBt.BR). In Brazil, the group also operates under the brand Rhodia, which it acquired in 2011.
For further information, please go towww.solvay.com
GranBio is a Brazilian industrial biotechnology company that creates solutions to transform biomass into renewable products. A pioneer in the production of cellulosic ethanol, or second-generation (2G) ethanol, in the Southern Hemisphere, the company is the only one in the sector that operates throughout the production chain - from raw materials to the distribution of the final product - integrating proprietary and partners' technologies. Founded in 2011 by Bernardo Gradin, it is controlled byGranInvestimentos S.A.
For further information, please go to:www.granbio.com.br
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