The joint-venture Reverdia will be dissolved
Following the successful production of bio-succinic acid under the trademark “Biosuccinium” since 2012, Reverdia’s parent companies (Royal DSM and Roquette) have decided on a strategic shift in the continuing operations of their joint venture. Effective 1 April 2019, the joint venture Reverdia will be dissolved and the partners will transfer the rights and obligations related to Reverdia’s “Biosuccinium” plant in Cassano, Italy to Roquette. Under a non-exclusive license from DSM, Roquette will operate the plant and continue serving customers of “Biosuccinium”. Customer service, order processing, and marketing and sales will be integrated into Roquette’s existing business to ensure a smooth transition. DSM, the original developer of the technology, will assume the role of exclusive licensor, in line with its business model in this field.
“Most sustainable and competitive bio-succinic acid on the market”
Atul Thakrar, President of Bio-based Products and Services at DSM says, “The Reverdia joint venture has proven “Biosuccinium technology” to be the most sustainable and competitive bio-succinic acid on the market today. We have gone well beyond the start-up phase and the brand will continue to grow under the leadership of our partner Roquette. This is an example of DSM doing what it does best — establishing market-leading technologies and commercializing them.” “After the success of the collaboration with DSM through the joint venture, we will integrate the product line within our global business organisation. Our sales force will continue to support our customers’ growth,” says Bruno Plancke, Vice President of the Industry Global Business Unit at Roquette.
DSM becomes exclusive licensor
DSM, the original developer of the “Biosuccinium technology”, will become the exclusive licensor to strategic customers and other third parties interested in the integration of the production process into their value chains. Bio- succinic acid is a platform molecule with applications in a range of large-volume markets. The technology has matured to a point where the roll-out potential is significant enough to warrant a focused effort on licensing.