Asahi Glass and Japan Material Technologies Corp. (JMTC; Tokyo) on Tuesday announced the establishment of a joint venture company, JMTC Enzyme, which aims to commercialize biochemical technologies that produce organic acids, such as lactic acid, from biomass.
JMTC has 92% in the new company and Asahi Glass 8%.
JMTC Enzyme will commercialize the technologies by acquiring part of the intellectual property for organic acid production based on Schizosaccharomyces pombe developed by Asahi Glass and by using engineers seconded from Asahi Glass.
In addition, the new company will proceed with commercializing D-lactic acid, for which Asahi Glass has already completed basic development, as well as continuously develop other organic acid production technologies.
By Natasha Alperowicz
Source: Chemical Week
We are closing the chapter of the Chemicals Import Export Headquarters, and opening a new chapter under the name of Qemetica – a chemical group driving many industries on all continents. Therefore, the change of name is also accompanied by the adoption of the key goals of the business strategy for the next 6 years. – says Kamil Majczak, President of the Management Board.
In its efforts to advance chemical recycling, Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tires. In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Sika is opening a state-of-the-art facility in Lima, Peru, to produce synthetic macro fibers, and expanding the rollout of a product range with great growth potential in Latin America. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for infrastructure projects.