NZ Bio Forestry signs biochemicals MOU

Friday 4 Aug 2023

Japan based Refine Holdings and NZ Bio Forestry have recently signed an MoU in Tokyo. This MoU outlines a joint research and commercial programme to develop a suite of biochemicals from Pinus radiata for the automotive, technology, EV battery, and solvent markets.

NZ Bio Forestry CEO, Wayne Mulligan, says NZ Bio Forestry has invested five years in refining Pinus radiata at tonne scale. “We have completed the technical feasibility and commercial validation to form biochemicals, bioenergy and biomaterials. This work with Refine Holdings will be undertaken with our Taiwan partner, INSPIRA Applied BioSolutions which owns the proprietary bioconversion technology platform.

“We’re focusing our biochemical platform to meet the needs of Refine Holdings in illustrating how biochemical refining enables development of non-fossil energy, material, and chemical products. We are proud to be working with Refine Holdings in Taiwan and Japan,” Mulligan says. “NZ Bio Forestry believes Aotearoa-New Zealand can be at the forefront of connecting with exciting markets seeking new and globally relevant biochemical applications.”

“We are excited to cooperate with NZ Bio Forestry and hope that this project, which realises effective use of unused biomass resources in New Zealand, will provide practical chemical products such as organic solvents all over the world,” President/CEO Dr. Yasuhito Kawase of Refine Holdings said. “Combining recycling of those solvents is one of the Refine group’s specialties. We aim to achieve a true cradle-to-cradle-circular bioeconomy. We aim to be a role model of a sustainable society,” he says.

Source: NZ Bioforestry

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