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News 198 views last update:6 Aug 2012

DSM invests in bio-materials plant, China

DSM Venturing has announced its participation in a US$20mln financing round in Tianjin Green Bio-Science Co., Ltd (China). The proceeds will be used to build China's largest manufacturing plant for Polyhydroxyalkanoates (PHA) in the Tianjin Economic Development Area.

This investment by DSM is in line with the company's ambitions to develop bio-based performance materials to meet customers' growing needs for improved performance and environmental benefits at competitive costs. In response to the growing market need for eco-friendly solutions, PHA offers a new biorenewable polymer platform for a broad range of applications from automotive to biomedical and electronics.
In parallel with the venture investment, DSM and TGBS intend to work together to create new business in bio-based performance materials. The company has earmarked up to €200mln for venturing investments until 2012. China is one of the core regions in the global investment strategy of DSM Venturing.
"As PHA is produced through fermentation by micro-organisms, it also offers the opportunity for DSM to extend its competencies both in Life Sciences and Material Sciences to a new family of biopolymers," said Vice President New Business Development Performance Materials of DSM, Babette Pettersen.
President DSM China, Weiming Jiang: "The transition from petroleum-based materials to bio-based materials is a major global trend. With our expertise in biotechnology and in performance materials DSM is excellently positioned to facilitate this transition."
The plant's construction will commence in Q2 2008, and is expected to start production in early 2009. It will have an annual production capacity of 10,000 tonnes of PHA.
 
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