RWDC uses plant-based oils, including post-consumer or waste cooking oils, to produce its proprietary Solon™ PHA, which can be organically recycled or composted in home and industrial composting facilities.
Lummus’ interest in pursuing this partnership is “testament to RWDC’s attractiveness to licensors, due to its demonstrable technology innovation and technical capabilities; commercial value proposition and unit economics; and existing global brand partnerships that continuously validate market demand,” the companies said in a press statement.
The binding agreement follows April’s memorandum of understanding between the two companies to explore global PHA deployment initiatives.