Eastman Renewable Materials Acquires TetraVitae Bioscience
Columbia, SC, November 10, 2011 – Last week, Eastman Renewable Materials, LLC a subsidiary of
Eastman Chemical Company quietly announced acquisition of TetraVitae Biosciences, Inc and its
assets. TetraVitae is a developer of biobutanol and
bioacetone. Terms of the transaction were not
disclosed.
“We at Biobutanol.com see this acquisition as validation of industrial biotechnology and
biobutanol. Eastman Chemical Company is a leading producer of
n-butanol from petroleum and by purchasing TetraVitae Biosciences’ technology add a sustainable biobased
production route for n-butanol,” said Sam Bhargava, publisher of Biobutanol.com website. “I am confident that Eastman will be able to commercialize TetraVitae’s
technology at a faster pace and can further gain advantages in production of other biobased
products”
Biobutanol finds applications as 2nd generation biofuel and industrially important
chemical used in production and processing of plastics to pharmaceuticals.
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