ADM investing $25 Million in Rennovia: Know the Facts

Number of events of investment on research and development programs out of waste and renewable products by the leading companies, is increasing day by day. Recently, ADM i.e. Archer Daniels Midland Company and Rennovia has declared to commit about $25 equity investment in the privately held company in order to promote research and development programs for production of chemicals out of recyclable feedback. In this way, they plan a cost advantage production through renewable feed stocks. The first two products of this company are nylon intermediates adipic acid and hexamethylenediamine (HMD). Full story regarding this can be explored in http://www.biofuelsdigest.com/bdigest/2014/02/12/adm-invests-25m-in-rennovia-the-complete-story/

According to the Senior Vice President of ADM; they believe for development of new technologies for chemical production by Rennovia. With the support of ADM for production of beneficial chemicals out of biodegradable feed stocks, this private company will get an opportunity of delivering far competitive products that will make their portfolio more impressive.

On other hand, Kevin Moore vice president of the Renewable Chemicals states that the growing demand of chemical products that are made up of recyclable products introduces requirement of new searches in this direction. As they are impressed with the latest developmental technology of Rennovia; they invested good amount with the company looking forward to trigger the graph of growth.