Diversa Corporation, San Diego, CA, and BASF announce they have entered into a broad alliance that will leverage Diversa's leadership position in novel enzyme development and BASF's expertise in biotechnology, process development, product applications, and global marketing and distribution.

Diversa Corporation, San Diego, CA, and BASF announce they have entered into a broad alliance that will leverage Diversa's leadership position in novel enzyme development and BASF's expertise in biotechnology, process development, product applications, and global marketing and distribution. Under the agreement, Diversa will be responsible for discovery and optimization of new enzymes, and BASF will be responsible for product and process development and all commercialization matters.

"With this broad new agreement, Diversa will become a strategic partner in BASF's biotechnology activities and will apply these technologies to assist BASF in extending its well-deserved reputation as one of the industry leaders in the development of innovative bio-based products," stated Edward T. Shonsey, Diversa's CEO.