VERDEZYNE SIGNS AGREEMENT WITH MAJOR EUROPEAN CHEMICALS DISTRIBUTOR WILL & CO

CARLSBAD, Calif. & BADHOEVEDORP, Netherlands, June 10 (Bernama) -- Verdezyne, Inc., a privately-held industrial biotechnology company focused on producing renewable chemicals, has reached an agreement with Will & Co, a sales and marketing firm for raw materials, semi-finished products, additives, and pigments, for distribution of Verdezyne’s first commercial product. The exclusive agreement is for sales and distribution of BIOLON™ DDDA (biobased dodecanedioic acid or “DC12”) in Europe, one of the world’s largest chemical markets. BIOLON™ DDDA will be produced at Verdezyne’s commercial-scale plant in Malaysia. The agreement secures off-take for over 25% of the expected plant capacity.

Verdezyne’s BIOLON™ DDDA is produced more sustainably than traditional petroleum-derived intermediate chemicals and will be used to make engineering polymer resins, automotive parts, toothbrush bristles, cosmetics, fragrances, and more.

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