News International Sugar Journal

OPX Biotechnologies raises $36.5 million to commercialize the production of BioAcrylic [Registered]

OPX Biotechnologies Inc. (OPXBIO) announced on 7th July that it has raised $36.5 million from private equity financing. The investment will accelerate OPXBIO’s development and commercialization of renewable, bio-based chemicals and fuels that are claimed to be lower cost, higher return and more sustainable than existing petroleum-based products. OPXBIO will focus on the production of BioAcrylic which is equivalent in performance to petroleum-based acrylic. The global market for the chemical is currently $8 billion and growing at the rate of 3-4% annually. Acrylic is used to make products such as diapers, detergents, paints and adhesives. The company’s EDGETM (Efficiency Directed…

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