Verdezyne eyes opportunities in Asia

Carlsbad-based biochemical company Verdezyne, Inc. has entered into a collaboration with Malaysian Biotechnology Corporation (BiotechCorp) in its assessment of Malaysia as the destination for its first biochemical production facility in the Asia Pacific Region. The collaboration is set to accelerate Verdezyne’s process to full-fledged commercialisation following the success from its pilot plant that was established in November 2011.

The collaboration was announced at the 10th Annual World Congress for Industrial Biotechnology in Montreal. Present during the announcement were Verdezyne’s President and CEO, Dr. E. William Radany, and BiotechCorp’s CEO, Dato’ Dr. Mohd Nazlee Kamal.

Verdezyne is a leading biochemical producer that successfully created the first renewable nylon fibre and amongst the first to demonstrate the production of diacids with a variety of vegetable oil-derived feedstocks.

While Verdezyne has entered into multiple discussions with Malaysia’s palm oil producers; its presence in Malaysia will create cascading opportunities for its potential partners who are planning to venture into the downstream production in the palm oil industry.