SAN DIEGO March 1, 2011 Genomatica $45 million $2.5 billion Russia North America
Bio-BDO $4 billion
Large markets, leading technology and transformative economics
"Genomatica’s technology, including the breadth of chemicals it can produce and feedstocks it can use, has value in both established and emerging economies, for chemical companies, feedstock suppliers and downstream materials producers," said Mikhail Abyzov, chairman of RU-COM. "We believe they can become the partner of choice for the chemical industry when it comes to renewable products and sustainability."
Rapid progress toward full commercialization
To date, Genomatica has achieved productivity, yield and titer at pilot scale that would allow cost competitiveness with the best petro-based BDO cash costs in the world. Genomatica plans to achieve the overall Bio-BDO process performance needed for cost-advantaged production in 2011, followed by the first world-scale manufacturing plant to be operational in late 2013, representing the first world-scale direct production of a renewable intermediate or basic chemical.