Business
Bioextrax And Chematur Sign MoU With Third Party Regarding PHBV Production
Bioextrax And Chematur Sign MoU With Third Party Regarding PHBV Production
About this update from Bioextrax Ab
Bioextrax AB (publ.) OMXSTO:BIOEX:SAID ON TUESDAY BIOEXTRAX AND CHEMATUR SIGN MOU WITH THIRD PARTY REGARDING PHBV PRODUCTIONTHE CUSTOMER IS A JOINT VENTURE BETWEEN TWO CORPORATE GROUPS, WHICH TOGETHER HAVE A TURNOVER OF MORE THAN EUR 2.5 BILLION THE MOU CONCERNS A LICENSE AGREEMENT FOR PRODUCTION UP TO 10,000 TONS OF PHBV/YEAR THE MOU IS A NON-BINDING LETTER OF INTENT AND IS EXPECTED TO BE REPLACED BY A BINDING AGREEMENT BY FEBRUARY 2026THE TOTAL REVENUE POTENTIAL FOR BIOEXTRAX UPON FULL IMPLEMENTATION OF THE PROJECT AMOUNTS TO APPROXIMATELY EUR 3.4 MILLION Source text for Workspace: Further company coverage: