This development is an integral part of Myriant’s manufacturing and commercialization strategy. The ability to take advantage of these abundant low-cost feedstocks allows Myriant to roll out its succinic acid and lactic acid manufacturing platforms throughout the world, without being restricted to scarce availability and expensive food-based feedstocks. Furthermore, it provides stable feedstock pricing, which will enable Myriant to offer its customers long-term price stability.

In 2009, Myriant was awarded $50 million from US Department of Energy, which supports the company’s construction of its 30 million pound succinic acid facility in Lake Providence, Louisiana and the commercialization of its cellulosic succinic acid program. (Earlier post.)