BASF has struck a bioplastics development deal with BioTork, a US-based biotechnology firm.
Global plastics and chemicals leader BASF will work with BioTork of Florida to develop microbial strains for industrial production of biopolymers and green chemicals.
The two firms began working together earlier this year. In a 12 June news release, BioTork Chief Scientific Officer Tom Lyons said that a pilot study between his firm and BASF showed that engineered micro-organisms could be used for maximal industrial performance by using adaptive evolution.
Financial terms of the deal were not disclosed. Marc Penicaud, BioTork's business development VP, said in the release that his firm “will dedicate all the necessary resources to ensure BASF achieves major advancements in the production of high value bio-based chemicals”.
BioTork's mission, according to the release, is to achieve complete replacement of crude petroleum oil with biomass-derived equivalents.