LS9 and Procter & Gamble Form Sustainable Chemicals Partnership
19 May 2009
LS9, Inc., a developer of fermentation-derived hydrocarbon biofuels, has formed a strategic partnership with Procter and Gamble—one of world’s largest consumer products companies. This new partnership supports the joint development and commercialization of LS9 technology to produce key chemicals used within the P&G portfolio of consumer products.
The partnership includes a multi-year collaboration that will accelerate the adoption of LS9’s proprietary technology in the production of a broad portfolio of commercial products—including sustainable chemicals and renewable transportation fuels.
P&G is an ideal partner for LS9. By joining LS9’s technology with P&G’s market reach, the partnership will accelerate the delivery of sustainable, low-carbon, high-value chemical products into the world market.
—Bill Haywood, CEO of LS9
LS9 can custom-engineer its Renewable Petroleum products in the lab to address immediate market needs for clean energy alternatives to petroleum and industrial chemicals. The company was founded in 2005 and venture capital firms Flagship Ventures, Khosla Ventures, and Lightspeed Venture Partners have provided funding to date.
This is very interesting. As I recall, LS9's technology uses sugarcane juice or any simple sugars. Presumably they won't be doing this from corn!
http://sugarcaneblog.com
Posted by: John Valente | 19 May 2009 at 11:03 AM