PR Newswire: news distribution, targeting and monitoring
2014

Myriant Technologies LLC Selected for $50 Million Award for Succinic Acid Biorefinery Project

Share with Twitter Share with LinkedIn

QUINCY, Mass., Dec. 7 /PRNewswire/ -- Myriant Technologies LLC (as successor to BioEnergy International), a leading biotech developer and manufacturer of renewable biochemicals, has been selected by the U.S. Department of Energy (DOE) to receive up to $50 million for its planned biobased Succinic Acid facility in Louisiana. Notably, among the 19 integrated biorefinery projects that won funding or loan guarantees, Myriant was the only award focused exclusively on biobased chemicals rather than biofuels.

(Logo: http://www.newscom.com/cgi-bin/prnh/20091021/NE96331LOGO )

The DOE and other third-party studies have previously identified biobased Succinic Acid as a priority among the top 12 chemicals by market size that can be derived from biomass. Succinic Acid is used in a wide variety of applications including plastics, fibers, polyesters and pigments.

Myriant's production of biobased Succinic Acid will utilize both local sorghum and carbon dioxide (CO2) to displace petroleum-based feedstocks, using less energy than its petroleum alternative. In addition to the energy savings, by consuming CO2 rather than producing it via oil refining methods, Myriant's process dramatically reduces lifecycle greenhouse gas emissions.

"We are grateful for the validation of our technology embodied in the award by the DOE," said Stephen J. Gatto, Chairman and Chief Executive Officer of Myriant. "We applaud their recognition of the importance of biobased chemicals as a leading component of biorefineries. Our Succinic Acid platform provides a "win-win" solution in terms of cost, environmental benefits and reduction in our dependence on imported oil and puts critical jobs to work right here in the United States."

The award will help fund the construction of Myriant's Succinic Acid plant at the Port of Lake Providence, Louisiana. "The Port and the State of Louisiana have been extraordinary partners, and we expect the site, immediately adjacent to the Mississippi River, to be the foundation of a large biotech corridor in Louisiana," added Mr. Gatto. "We're very excited about bringing this technology and over 250 construction and full time operating jobs to the community."

"The Port of Lake Providence is tremendously excited to be working with Myriant on this very important project," added Wyly Gilfoil, Director of the Lake Providence Port Commission. "We're delighted to see the assets of the Port and the region used in this manner to bring much needed high tech industries and jobs to the community."

About Myriant Technologies

With a world-renowned team of molecular biologists, engineers and chemists, Myriant utilizes proprietary technology to advance the development of low-cost cellulosic sugars for the sustainable manufacturing of high-value specialty chemicals. The company's D(-) lactic acid started production at commercial scale in June 2008 for use in polylactic acid. Myriant will next begin commercial production of its second product, biobased Succinic Acid; samples are currently available by contacting productinfo@myriant.com. Myriant is headquartered in Quincy, Massachusetts. Further information is available at www.myriant.com.


Contact:  Samuel G. McConnell
          Sr. Vice President, Corporate Development
          617-657-5207

SOURCE Myriant Technologies LLC



RELATED LINKS
http://www.myriant.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release