BioEnergy International Licenses Biocatalyst Technology to Purac, the Largest Lactic Acid Producer in the World.NORWELL, Mass. -- BioEnergy International, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("BioEnergy"), a developer of biorefineries and proprietary technologies to produce specialty chemicals and fuels from renewable feedstocks, grains and cellulosic wastes, announced today that it has signed an agreement to license one of its proprietary biocatalysts to Purac Biochem N.V., the largest lactic acid lactic acid, CH3CHOHCO2H, a colorless liquid organic acid. It is miscible with water or ethanol. Lactic acid is a fermentation product of lactose (milk sugar); it is present in sour milk, koumiss, leban, yogurt, and cottage cheese. producer in the world. BioEnergy has an exclusive research agreement with the University of Florida University of Florida is the third-largest university in the United States, with 50,912 students (as of Fall 2006) and has the eighth-largest budget (nearly $1.9 billion per year). UF is home to 16 colleges and more than 150 research centers and institutes. and Dr. Lonnie Ingram to develop technologies to produce certain biorefined specialty chemicals from sugars and cellulose. Purac will undertake commercial scale-up trials during 2006 to produce market development quantities of a new product using BioEnergy's proprietary biocatalyst bi·o·cat·a·lyst n. A substance, especially an enzyme, that initiates or modifies the rate of a chemical reaction in a living body; a biochemical catalyst. bi and anticipates strong market interest. Under the terms of the exclusive agreement, BioEnergy will receive research funding Research funding is a term generally covering any funding for scientific research, in the areas of both "hard" science and technology and social science. The term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and and milestone payments prior to commercial production. Assuming successful commercial scale-up, BioEnergy will receive milestone payments and royalties from Purac's future sales and use. "The signing of this agreement will accelerate the commercialization of our biocatalyst technology and furthers the advancement of our renewable resource-based products and materials efforts," stated Stephen Gatto, Chief Executive Officer of BioEnergy. "Based on the success of our collaboration effort on this project, we look forward to working with Purac to commercialize this technology and explore other opportunities of mutual interest." "This novel catalyst is just the first of several in our pipeline which BioEnergy has targeted for commercial deployment over the next three to five years," stated Dr. Joseph Glas, Vice President, Research and Development, BioEnergy. "We have a strong partnership with the University of Florida and Dr. Ingram that has led to the development of several promising new biocatalysts for the production of specialty chemicals." BioEnergy International, LLC, headquartered in Norwell, Massachusetts Norwell is a town in Plymouth County, Massachusetts, United States. As of the 2004 census, the town population was 10,388. History Norwell was first settled in 1634 as a part of the settlement of Satuit (later Scituate), which encompasses present day Scituate and Norwell. , is a privately held, biotechnology company focused on developing biorefineries and proprietary technologies to produce specialty chemicals and renewable fuels from both traditional feedstocks and cellulose. BioEnergy currently has under development a pipeline of novel biocatalysts and two 108 million gallon per year ethanol plants which, over time, will utilize its proprietary technologies to produce high value specialty chemicals and renewable fuels. PURAC www.purac.com is the world's largest and most experienced producer of natural lactic acid, lactates, gluconates, lactitol, xylitol xylitol /xy·li·tol/ (zi´li-tol) a five-carbon sugar alcohol derived from xylose and as sweet as sucrose; used as a noncariogenic sweetener and also as a sugar substitute in diabetic diets. , lactides and polylactides. PURAC is a subsidiary of CSM CSM - ["CSM - A Distributed Programming Language", S. Zhongxiu et al, IEEE Trans Soft Eng SE-13(4):497-500 (Apr 1987)]. (Euronext Stock Exchange, Amsterdam) www.csm.nl, a global player in bakery supplies and food ingredients. |
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