If you’re familiar with our news releases, you know they are straightforward. But here, where interpretation is expected, permit me to add some meaningful perspective about today’s news which is that we are supplying commercial quantities of bio-succinic acid to Oxea for use in their production of bio-based, phthalate-free plasticizers.
Number one: Oxea is owned by Oman Oil Company S.A.O.C. For anyone who may still be doubtful that mainstream petroleum companies understand the biochemical opportunity, today’s news validates the trend that traditional mainstream oil companies see the green alternative market potential. And Oxea is not a small organization. They have 1,400 employees worldwide.
Two: In our news release as well as at this Oxea site, there is strong validation that Myriant’s bio-succinic acid is a high performance solution. For years, in the bio-based products industry, some have had their doubts about green alternative performance capabilities. Oxea wouldn’t use a green alternative if it were not up to performance standards.
The third and final point is this: We’ve been saying all along that consumers will generate a pull-through for green solutions and that suppliers will find this difficult to ignore or resist. Oxea obviously isn’t in the business of doing either. From their website on this topic (link above): Facing the rising health and image concerns of consumers, the industry is calling for safe, high-per-forming and affordable plasticizers to meet the market requirements.