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Mitsubishi Chemical Corporation Signs Memorandum of Understanding for Strategic Partnership With Genomatica for Sustainable Chemicals in Asia
Date:4/28/2011

world and we see great potential to deliver bio-based chemicals to this market as a growing complement to our current conventionally-sourced chemicals.  We believe that a strategic partnership with Genomatica will provide market-leading economics and quality which will benefit both parties."

"We're gratified and honored to be chosen as a strategic partner by Mitsubishi", said Christophe Schilling, CEO of Genomatica.  "Our interests and core values are fully aligned, as we work to create long-term value.  This marks another step forward in being the preferred partner to the chemical industry – giving them the flexibility to use renewable inputs to make the same great products, while delivering superior profitability compared to petrochemical processes and a smaller environmental footprint."

Genomatica and Mitsubishi Chemical Corporation will negotiate in good faith the terms of definitive agreements for the collaborations described in the MOU.

About Genomatica

Genomatica is the emerging leader in sustainable chemicals:  'greener' intermediate and basic chemicals made from renewable feedstocks, rather than oil and gas.  The company aims to transform the chemical industry through cost-advantaged, smaller-footprint products as direct replacements in a trillion-dollar market.  Genomatica was named one of '10 Big Green Ideas' by Newsweek, and was featured on Forbes.com.    

Genomatica is moving to demonstration-scale production of its first product,

SOURCE Genomatica
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