Tokyo, June 28, 2012 (JCN) - Toray Industries and Gevo, Inc. of the US have signed an offtake agreement for renewable bio-paraxylene(bioPX) produced at Gevo's planned pilot plant.
The agreement will enable Toray to carry out pilot-scale production of fully renewable, bio-based polyethylene terephthalate (fully bioPET), of its fibers and films for the first time in the world.
Toray also plans to offer samples to its business partners, who are the end-users, in 2013 for market evaluation.
Gevo, the first company inthe world to begin commercial production of bio-based isobutanol (bioIsobutanol), operates a plant that produces the product employing its highly effective proprietary production technology. Gevo has also succeeded in the synthesis of bioPX at the laboratory level utilizing conventional chemical processes.
Since there is great interest in bioPET from end-users, Gevo has a plan to build a pilot plant for production of bioPX. The production of bioPET for end-users however requires a partner who is able to convert bioPX into bioPET.
Using terephthalic acid synthesized from Gevo's bioPX and commercially available renewable mono ethylene glycol (MEG), Toray succeeded in lab-level PET polymerization to produce fibers and films samples in2011.
With the offtake agreement, the companies are able to integrate the supply chain to convert bioPX into bioPET for end users. Since Toray has the priority right to purchase the bioPX produced at the pilot plant, it will be able to gain a head-start in securing scale up technology for bioPET polymerization, fibers and films.
Copyright © 2013 JCN. All rights reserved. A division of Japan Corporate News Network KK.
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