Home / Knowledge / News / Sustainability / BP, Virent, Johnson Matthey collaborating

BP, Virent, Johnson Matthey collaborating

16
Mar '19
BP, Virent, Johnson Matthey collaborating
BP, Virent and Johnson Matthey (JM) are collaborating and have signed a deal that will advance the commercialisation of Virent’s Bioforming process for production of bio-paraxylene (PX), a key raw material for the production of renewable polyester. Virent technology creates low carbon fuels and chemicals using naturally-occurring, renewable resources.

Virent’s Bioforming technology, which is being developed with JM, produces drop-in reformate product from renewable sources that can be used to produce renewable fuels and also processed into lower carbon intensive bio-PX, the feedstock for bio- purified terephthalic acid (PTA), using existing technologies.

As part of this agreement, the parties will work together to commercialise the BioForming technology – BP will contribute technical resources and has exclusive rights to negotiate becoming the sole manufacturer of bio-PX using Virent’s technology.

Charles Damianides, BP’s vice-president of petrochemicals technology and licensing, said: “We consider Virent’s technology to be the leading route to commercial quantities of renewable bio-PX that may enable BP’s existing petrochemicals plants to produce a distinctive product in support of our commitment to advance a low carbon future. In our petrochemicals business we have also introduced our PTAir product line, a low carbon PTA product, and we continue to work toward improving the efficiency of our operations.”

“We have been working with JM to scale up the BioForming process for production of renewable fuel and are very pleased to enter into this agreement with BP to commercialise the technology for production of bio-PX and bio-PTA,” said Dave Kettner, president of Virent. “This is an indication of the flexibility of the BioForming technology to produce both bio-fuels and bio-aromatic chemicals.”

Eugene McKenna, business development and innovation director at JM, added: “JM is a leader in science that makes the world cleaner and healthier. In bringing this latest technology to market, we continue to apply our catalyst and process engineering expertise and capabilities to tackle some of the world’s biggest challenges. We are delighted that BP has selected this technology to support its ambitions in supplying renewable bio-PX. This is an important step in increasing the quantity of renewable feedstocks used to make polyester packaging and fibres. We will continue to use our science and engineering skills to facilitate wider adoption of this technology.” (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Modanisa

Apparel/Garments | On 23rd Mar 2019

European bank invests in Turkish fashion e-com platform

The European Bank for Reconstruction and Development (EBRD) recently...

UNIDO to train cotton farmers in Egypt on sustainability

Textiles | On 23rd Mar 2019

UNIDO to train cotton farmers in Egypt on sustainability

The United Nations Industrial Development Organisation (UNIDO) has...

China to boost investment in Bangladesh: envoy

Textiles | On 23rd Mar 2019

China to boost investment in Bangladesh: envoy

China would facilitate more investment by its companies and small and ...

Interviews View All

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search