News International Sugar Journal

Myriant and Bayegan partner to market biosuccinic acid [Registered]

US-based biotech start-up Myriant and Bayegan Group, an international chemical production and trading company headquartered in Turkey, recently entered into a partnership whereby Myriant’s biosuccinic acid will be marketed by Bayegan in Middle East, Eastern Europe and Africa (Territory). Under the terms of the agreement, Bayegan has committed to annually purchase a pre-determined amount of Myriant’s biosuccinic acid for supply to customers in the Territory. In addition, Myriant has granted exclusive distribution rights of biosuccinic acid to Bayegan in the Territory. The two companies have also agreed to negotiate a potential joint venture to build a biosuccinic acid plant in…

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