QUINCY, Mass., Feb. 24 Myriant Technologies LLC, a leading biotech developer and manufacturer of renewable biochemicals, today announced that it has been chosen by AlwaysOn as one of the GoingGreen East Top 50 winners. Inclusion in the GoingGreen East 50 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. Myriant was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091021/NE96331LOGO )
"Myriant is honored to receive this recognition as one of GoingGreen's Top 50 emerging green technology companies," said Myriant Chairman & CEO Stephen J. Gatto. "Myriant is proud of its leadership role in industrial biotechnology and its obvious environmental and energy independence benefits. Moreover, this industry's domestic technology base combined with United States' vast agricultural resources truly has the potential to re-energize and drive the American economy with its unparalleled job growth capacity."
Myriant engineers naturally occurring organisms to utilize sugars from biomass, and can incorporate carbon dioxide from the environment to produce multiple high value chemicals that are today made from petroleum. As a low cost producer of these green chemicals, Myriant is able to be price competitive even if oil prices drop to $30 per barrel. With its proven D(-) Lactic Acid already in commercial production, Myriant will start manufacturing and selling its next product, succinic acid, a "building block" in the production of fibers, urethanes, paints, and pharmaceuticals, in 2011.
"The GoingGreen East Top 50 winners have excelled in key strategic areas in the global clean energy technology markets," said Tony Perkins, founder and CEO of AlwaysOn. "We congratulate them for their success in introducing new tools, services, and systems that are driving the next phase of greentech innovation and transforming the biggest industries on earth."
Myriant and the GoingGreen East Top 50 companies will be honored at AlwaysOn's GoingGreen East event on March 8th, 2010, at the Four Seasons Hotel in Boston, MA. Myriant's Stephen Gatto will be a featured speaker at this year's event. The two-and-a-half-day executive event features CEO presentations and high-level debates on the most promising emerging green technologies and new entrepreneurial opportunities.
With a world-renowned team of molecular biologists, engineers and chemists, Myriant utilizes proprietary technology to advance the development of low-cost cellulosic sugars for the sustainable manufacturing of high-value specialty chemicals. The company's D(-) lactic acid started production at commercial scale in June 2008 for use in polylactic acid. Myriant will next begin commercial production of its second product, biobased succinic acid; samples are currently available by contacting [email protected]
Myriant is headquartered in Quincy, Massachusetts. Further information is available at www.myriant.com.
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, OnDC, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
Contact: Myriant Technologies LLC Samuel G. McConnell; Sr. Vice President, Corporate Development 617- 657-5207; [email protected]
SOURCE Myriant Technologies LLC