Wednesday, October 5, 2016
Verdezyne In Chemical Distribution Deal
Carlsbad-based Verdezyne, the venture backed company which is producing synthetic chemicals using sustainable, bio-based chemical processes, has signed on specialty chemicals firm Aceto Corporation as a distributor. According to Verdezyne, Aceto will distribute its BIOLON DDDA (biobased dodecanedioic acid) in the U.S. That chemical is used in such products as automotive parts, coatings, cosmetics, and fragrances, and traditionally has been derived from petroleum, rather than renewable processes like those from Verdezyne. Verdezyne is venture backed by BP Ventures, DSM Venturing B.V., OVP Venture Partners, Monitor Ventures, and Sime Darby.