Reflects voting drawn from wide-ranging community, industry experts and social media
SAN DIEGO, Oct. 11, 2013 (GLOBE NEWSWIRE) -- Genomatica was voted #1 for the third year in a row in Biofuels Digest's 30 Hottest in Renewable Chemicals and Biobased Materials competition. Genomatica has earned the top spot on the list every year since it was started in 2011.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=21484
Genomatica's #1 ranking resulted from voting from 100 invited industry experts; survey responses from thousands of Biofuels Digest subscribers; and social media, including tweets, Likes and 'hot picture' submissions.
Genomatica has been delivering a continuing stream of milestones. These include commercial-scale production of BDO using its process technology; validation of product quality and application usability from multiple large companies, including Lanxess, DSM, Toray and Far Eastern New Century; BASF licensing its process for BDO; and a joint venture with Versalis for butadiene.
This third #1 Hottest award comes just two weeks after Genomatica won the 2013 Kirkpatrick Award, recognizing 'the most noteworthy chemical engineering technology commercialized anywhere in the world in the prior two years.'
"Only Jim Lane could pull together a populist, well-informed competition of this scale," said Christophe Schilling, Ph.D., CEO of Genomatica. "The competition brings real and wide-scale attention to an industry that is commercializing technology that can make a real difference in everyday products. We're thrilled – again – to receive such an honor."
About Genomatica
Genomatica is a widely-recognized technology leader for the chemical industry. It develops comprehensive manufacturing processes that enable its licensee partners to produce the world's most widely-used chemicals a 'better way,' from renewable feedstocks, with better economics and greater sustainability than petroleum-based processes.
Genomatica's first process, for BDO, is now commercial. Genomatica's BDO process was used to make 5 million pounds of BDO in late 2012; and has been licensed by BASF and by Novamont. Multiple companies, including Lanxess, DSM, Toray, and Far Eastern New Century, have confirmed that BDO produced using Genomatica's process can be used the exact same way for downstream products as chemicals made from fossil fuel feedstocks, simplifying and accelerating adoption. Genomatica is developing processes for additional major chemicals; the next is for butadiene, with Versalis as partner.
Genomatica's recognition includes the Kirkpatrick Award, recognizing the most noteworthy chemical engineering technology commercialized in the world in the prior two years; the EPA Presidential Green Chemistry Challenge Award; the Wall Street Journal Technology Innovation award; and being voted #1 Hottest three years in a row by Biofuels Digest.
The photo is also available via AP PhotoExpress.
