OK
The Universal Selection Source:
Coatings Ingredients
Industry News

Construction Work Started on METabolic EXplorer First PDO Manufacturing Plant in Malaysia

Published on 2010-11-03. Author : SpecialChem

CLERMONT-FERRAND -- METabolic Explorer, a green chemistry company that specializes in the development of bioprocesses for the production of chemical compounds used in a wide range of everyday products (textile fibres, paints, solvents, animal feed supplements, adhesives, etc.), announced its first own-account development in South East Asia.

METabolic EXplorer, signed up to construction of the first tranche of its South East Asia PDO (1,3 propanediol) manufacturing plant. The announcement was made a ceremony attended by Mr Muhyiddin Yassin, Deputy Prime Minister of Malaysia, at the opening of the BioMalaysia Conference & Exhibition in Kuala Lumpur.

The plant is aiming for a final production capacity of 50,000 metric tons and will initially be set up to produce 8,000 tons. This first strategic manufacturing facility, located close to leading customers in the region, testifies to METabolic EXplorer's intention of becoming the leading PDO manufacturer in this part of the world.

With substantial financial backing for the operation from the Malaysian government, METabolic EXplorer will not be bringing a rights issue, will not tap the market, and will safeguard its cash cushion. A press conference will be held after the BioMalaysia Exhibition on Friday November 5th in Paris to present the details of this first own-account development, which, like the planned joint venture, is central to METabolic EXplorer's overall commercial development strategy.

About METabolic Explorer:

METabolic EXplorer is a biological chemistry company which was incorporated in 1999. Its goal is to help industrial businesses deal with the heralded "end of oil", so that they can continue to manufacture but in a sustainable way.

Based on the tried and tested principle of industrial fermentation, METabolic Explorer's solutions circumvent the problems posed by today's burdensome and expensive petrochemical processes via the use of a wide range of renewable, sustainable raw materials. By optimizing the metabolic yield of non-pathogenic bacteria in a contained, controlled environment, the company facilitates the production of chemical compounds used in a wide range of everyday goods (paints, solvents, adhesives and textile fibres) and industrial products (such as surgical thread and animal feed).

METabolic EXplorer is currently focusing its alternative biological solutions on the production of five compounds that together have an estimated, annual, end-market value of €11 billion. The company's strategy will be implemented worldwide via limited-exclusivity industrial alliances and joint-ventures with key players in the chemicals industry, or through the creation of manufacturing plants at METabolic EXplorer's own initiative.

METabolic Explorer, based in Clermont-Ferrand, France, is listed on EURONEXT PARIS (EURONEXT C, METEX) and features in the SBF 250 and CAC Small 90 indexes.

Source: METabolic Explorer


Halcyon Group 3rd R&D Innovation Summit
Channel Alerts

Receive weekly digests on hot topics

Back to Top