DNP Green Technology Raises US $12 Million
Oct 26, 2009
DNP Green is a late stage bio-materials company that will begin selling bio-based succinic acid in 2009 through its Bioamber joint venture with ARD. Bioamber's plant, built at a cost of US
"DNP Green Technology has an exceptional technology for the production of bio-based succinic acid, a state-of-the-art Bioamber production facility, and a solid management team behind it," said Denis Lucquin, Managing Partner of Sofinnova. "This is exactly the type of investment that Sofinnova targets, and we anticipate that the company will rapidly become the market leader."
About DNP Green Technology
DNP Green Technology acquires and develops innovative technologies for molecules of interest to the chemical industry, using renewable raw materials. Thanks to its numerous scientific and business partnerships, DNP Green has built an impressive portfolio of patents and expertise in the production and purification of organic acids and derivatives. DNP Green Technology has offices in Princeton N. J. and
For further information: Mike Hartmann, Vice-President Corporate, DNP Green Technology, (514) 844-8000 ext 120, [email protected]