Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Metabolix Awarded Two U.S. Patents For Technology To Produce Biobased Polymers And Industrial Chemicals

Stock quotes in this article: MBLX 

Metabolix, Inc. (NASDAQ: MBLX), an innovation-driven bioscience company focused on delivering sustainable solutions for plastics, chemicals and energy, today announced that the company has been awarded two new patents from the U.S. Patent and Trademark Office (PTO) related to the novel and efficient production of biobased polymers and industrial chemicals.

U.S. Patent 8,093,022 titled “Polyhydroxalkanoate Biopolymer Compositions” enables production of a series of new PHA biopolymer compositions using genetically engineered microbial strains.

U.S. Patent 8,114,643 titled “Polyhydroxalkanoate Production from Polyols” enables creation of genetic constructs to make the biobased chemical 3-hydroxypropionic acid in microbial and crop plant systems. It also describes the use of polyols, including glycerol and sugars, as alternate, renewable feedstocks. 3-Hydroxypropionic acid is useful for the production of PHA polymers and C3 chemicals including biobased acrylic acid, malonic acid, esters and amines.

“We firmly believe that the pace of adoption of chemicals made from renewable resources will rapidly accelerate throughout this decade,” said Richard P. Eno, president and CEO of Metabolix. “The growing commitment from brand owners and consumers to produce and use ‘green’ products, combined with the rapid advances in biotechnology, means that our technology for producing biobased chemicals will be very well positioned to benefit from this trend.”

“These recently issued patents highlight the breadth and depth of Metabolix's PHA technology platform . The recently issued patents describe a process that enables us to engineer microbes and plants to accumulate unique biobased monomers and PHA polymers inside their cells. The unique PHA polymers can then be extracted and used as bioplastics or converted directly from dried biomass using our FAST technology to chemical intermediates. In the case of the 3-hydoxypropionic acid polymer, using our FAST recovery technology results in the direct production of acrylic acid. We believe this approach will provide a significant advantage for creating cost-effective downstream recovery systems at commercial scale,” commented Oliver Peoples, an inventor on the patents and chief scientific officer of Metabolix.

With more than 700 issued and pending patents, Metabolix has led the industry in the development of a family of biopolymers found in nature called PHAs (polyhydroxyalkanoates), including members of the PHA family. Metabolix is developing biobased industrial chemicals as “drop-in” replacements for petroleum-based products. In recent months, Metabolix has produced biobased gamma-Butyrolactone (“GBL,” a C4 chemical) at semi-works scale (60,000L) and has produced biobased acrylic acid (a C3 chemical) at lab scale. In the second quarter, Metabolix expects to begin sampling to prospective strategic partners dried biomass for conversion to biobased acrylic acid.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,307.17 -80.41 -0.52%
NASDAQ 3,463.30 -38.82 -1.11%
S&P 500 1,655.35 -13.81 -0.83%
US 10 Yr 2.026% +0.082

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs