DSM and Roquette take next step in Reverdia bio-succinic acid joint venture
Following the successful production of bio-succinic acid under the "Biosuccinium" brand since 2012, Reverdia’s parent companies — Netherlands-headed Royal DSM (DSM), a global science-based company in Nutrition, Health and Sustainable Living, and France-headed Roquette Frères (Roquette), a global leader in plant-based ingredients for Food, Nutrition and Health markets, — have decided on a strategic shift in the continuing operations of their Reverdia joint venture.
According to a joint statement, effective April 1, 2019, the joint venture Reverdia will be dissolved and the partners will transfer the rights and obligations related to Reverdia’s Biosuccinium plant in Cassano, Italy to Roquette.
Under a non-exclusive license from DSM, Roquette will operate the plant and continue serving Biosuccinium customers. Customer service, order processing, and marketing and sales will be integrated into Roquette’s existing business to ensure a smooth transition.
After the success of the collaboration with DSM through the joint venture, we will integrate the Biosuccinium product line within our global business organisation. Our sales force will continue to support our customers’ growth, said Bruno Plancke, Vice President of the Industry Global Business Unit at Roquette.
In line with its business model, DSM, the original developer of the Biosuccinium technology, will become the exclusive licensor to strategic customers and other third parties interested in the integration of the Biosuccinium production process into their value chains.
Bio-succinic acid is a platform molecule with applications in a range of large-volume markets. According to DSM, its technology has matured to a point where the roll-out potential is “significant enough” to warrant a focused effort on licensing.
The Reverdia joint venture has proven Biosuccinium technology to be the most sustainable and competitive bio-succinic acid on the market today. We have gone well beyond the start-up phase and the Biosuccinium brand will continue to grow under the leadership of our partner Roquette. This is an example of DSM doing what it does best — establishing market-leading technologies and commercializing them, said Atul Thakrar, President of Bio-based Products and Services at DSM.