BASF and Solix Biofuels Collaborate to Produce Specialty Chemicals from Algae
BASF and Solix Biofuels, Inc. announced that they have signed an agreement to investigate the use of algae to produce certain chemicals for BASF, reports MarketWire. Solix is a leading developer of algae cultivation technology systems and will test multiple algae species in its proprietary growth system, AGS™, for BASF. Further terms were not announced. "This collaboration with Solix Biofuels demonstrates BASF''s commitment to generate growth from industrial biotechnology," said Harald Lauke, President of the Specialty Chemicals Research at BASF. "Algae represent a fascinating addition to BASF''s technology portfolio as they offer the potential to produce a number of exciting specialty products. After surveying the algae industry, we chose to work with Solix based on its knowledge of algal biology and the strength of its AGS."