- Joint R&D cooperation to develop an industrial biotechnology-based production process for acrylic acid from renewable raw materials
- Key raw material for the production of bio-based superabsorbents for baby diapers
LUDWIGSHAFEN, GERMANY- MINNEAPOLIS, MINNESOTA - COPENHAGEN, DENMARK - August 17, 2012 - BASF, Cargill and Novozymes have signed an agreement to develop technologies to produce acrylic acid from renewable raw materials.
Presently, acrylic acid is produced by the oxidation of propylene derived from the refining of crude oil. BASF – The Chemical Company, Cargill and industrial biotechnology company Novozymes will develop bio-based technologies to produce acrylic acid from renewable feedstocks.
“The cooperation combines BASF’s global market strength and innovation power with the excellent know-how and competencies of Novozymes and Cargill who are global leaders in their respective industry segments. Together we are uniquely positioned to more sustainably meet market and society needs”, said Michael Heinz, Member of the Board of Executive Directors of BASF SE.
New milestone towards commercialization
Novozymes and Cargill have collaborated on renewable acrylic acid technology since 2008. Both companies have worked to develop microorganisms that can efficiently convert renewable feedstock into 3-hydroxypropionic acid (3-HP), which is one possible chemical precursor to acrylic acid. BASF has now joined the collaboration to develop the process for conversion of 3-HP into acrylic acid. BASF is the world´s largest producer of acrylic acid and has substantial capabilities in its production and downstream processing. The company plans initially to use the bio-based acrylic acid to manufacture superabsorbent polymers.
The three companies bring complementary knowledge to the project. Novozymes, the world-leader in industrial enzymes, has years of experience with developing technologies for bio-based production of chemicals used in plastics, ingredients, etc.
“BASF and Cargill are global leaders in their industries and we are very excited to partner with them,” says Novozymes CEO Steen Riisgaard. “By offering bio-based alternatives to fossil-based products we will take a big step towards a more sustainable economy.”
“Cargill is pleased to bring its global expertise in sourcing renewable feedstocks and large-scale fermentation to this collaborative project”, said Chris Mallett, Cargill Corporate Vice President of research and development. “The work with BASF and Novozymes underscores our commitment to developing innovative new technologies that help our customers meet their business objectives.”
Acrylic acid is a high-volume chemical that feeds into a broad range of products. One of the main applications is in the manufacture of superabsorbent polymers that can soak up large amounts of liquid and are used mainly in baby diapers and other hygiene products. Acrylic acid is also used in adhesive raw materials and coatings. The annual global market volume of acrylic acid is around 4.5 million tons with a value of $11 billion1 at the end of 2011. The market has been growing at a rate of 4 percent per year.
1 Based on ICIS pricing
About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com
About Cargill
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 140,000 people in 65 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to applying its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business. For more information, visit Cargill.com and its news center.
About Novozymes
Novozymes is the world leader in bioinnovation. Together with customers across a broad array of industries, we create tomorrow’s industrial biosolutions, improving our customers' business and the use of our planet's resources. With over 700 products used in 130 countries, Novozymes’ bioinnovations improve industrial performance and safeguard the world’s resources by offering superior and sustainable solutions for tomorrow’s ever-changing marketplace. Read more at www.novozymes.com
Media contacts
Cargill
Pete Stoddart
Phone: +1 952-742-6608
BASF
Jasmin Haile
Phone: +49 621 60-48122
[email protected]
MEDIA CONTACTS
INVESTOR CONTACTS
Denmark
René Tronborg
Office: +45 44462274
Mobile: +45 30772274
[email protected]
Europe
Nour Amrani
Office: +32 2 234 6121
Mobile: +32 487 546 322
[email protected]
Europe
Martin Riise
Office: +45 4446 0738
Mobile: +45 3077 0738
[email protected]
US
Paige Donnelly
Office: +1 919 494 3209
Mobile: +1 919 218 4501
[email protected]
China
Zhu Xiaoqing
Office: +86 106 298 7888 x362
Mobile: +86 138 012 40590
[email protected]
US
Thomas Steenbech Bomhoff
Mobile: +1 919 649 2565
[email protected]
Brazil
Ana Cecilia Amarante de Oliveira
Office: +55 41 3641 1096
Mobile: +55 41 9619 7594
[email protected]
India
Poonam Kapila
Mobile: +91 9910822339
[email protected]