Not All Chemicals Are Created Equal™

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.

At long last, a Farm Bill has passed both houses of Congress and has been signed by the President. It has been a long and grueling process, but the outcome for us and our colleagues in the green chemicals industry is tremendous. The new legislation includes $881m in mandatory spending on energy programs; important legislative language ensuring parity for renewable chemicals; new funding for the Biomass Crop Assistance Program and Biomass R&D Initiative, and a pathway to crop insurance options for purpose-grown energy crops.

Many, many people – too many to mention here — deserve credit for their contributions to this outcome. But one organization stands out for its unflagging work to foster a better understanding among legislators about the pivotal role of biochemicals and the impact their development can have on our economy, our environment, and people. That would be BIO, the world’s largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across 34 nations.

In short, passage of the Farm Bill represents the successful culmination of BIO’s strenuous, two-year effort to reauthorize the energy title with mandatory funding and parity for renewable chemicals.  BIO helped found and form a coalition to work on this legislation called the Agriculture Energy Coalition and worked to garner the support of Senator Stabenow and other key Senators in support of funding an Energy Title that benefits both renewable fuels and chemicals. They used every aspect of BIO advocacy capabilities including communications, and state level activities to maintain support and interest in the legislation. The organisation is to be commended and congratulated.