November 19, 2017

CSRWire.com The Corporate Social Responsibility Newswire

news by category

CSR News

BASF, Cargill, Novozymes target commercial bio-based acrylic acid process

Joint R&D cooperation to develop an industrial biotechnology-based production process for acrylic acid from renewable raw materials

Submitted by: BASF Corporation

Categories: Sustainability, Environment

Posted: Aug 17, 2012 – 04:50 PM EST

 

LUDWIGSHAFEN, Germany - MINNEAPOLIS, Minn. - COPENHAGEN, Denmark, Aug. 17 /CSRwire/ - 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.

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 Novozymes creates tomorrow’s industrial biosolutions, improving its customers' business and the use of our planet's resources.

With over 700 products used in 130 countries, Novozymes’ bioinnovations increase 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.

1   Based on ICIS pricing

For more information, please contact:

Phone: Phone: +49 621 60-48122
Pete Stoddart Cargill
Phone: Phone: + 952-742-6608
Johan Melchior Novozymes
Phone: Phone: +45 44460690

 

Issuers of news releases and not csrwire are solely responsible for the accuracy of the content