Company Overview of Verdezyne, Inc.
Verdezyne, Inc. operates as an industrial biotechnology company. It creates bio-based processes that offer clean and sustainable fuels and chemicals. The company designs and engineers enzymes, metabolic pathways, and microorganisms that produce target chemicals. Verdezyne, Inc. was formerly known as CODA Genomics, Inc. and changed its name to Verdezyne, Inc. in Novemeber 2008. Verdezyne, Inc. was founded in 2005 and is based in Carlsbad, California.
2715 Loker Avenue West
Carlsbad, CA 92010
Founded in 2005
Key Executives for Verdezyne, Inc.
Chief Executive Officer and President
Senior Vice President of Intellectual Property and General Counsel
Compensation as of Fiscal Year 2014.
Verdezyne, Inc. Key Developments
Verdezyne, Inc. to Build Bio-Based Dodecanedioic Acid Plant in Malaysia
Nov 19 14
Verdezyne, Inc. announced it has reached an agreement with Bio-XCell Malaysia to construct Verdezyne's commercial-scale renewable chemicals manufacturing facility in Bio-XCell's premier biotechnology and Ecosystem Park in Nusajaya, Iskandar, in southern Malaysia. With construction scheduled to commence in 2015, the plant will be capable of producing approximately 30 million pounds per year of diacids, including dodecanedioic acid (DDDA), and will be the world's first bio-based plant for the production of DDDA. The exchange of agreement ceremony took place during the official opening ceremony of ‘BioMalaysia: Bioeconomy Asia Pacific 2014 Conference & Exhibition,’ and was attended by Malaysian Prime Minister Najib Razak. The manufacturing facility will leverage Verdezyne's yeast fermentation technology with the abundant supplies of non-food, plant-based feedstocks in Malaysia to produce a variety of commercial diacids, including DDDA. These diacids may in turn be used to produce nylon or other polymers for use in a variety of applications including: engineering resins, automotive parts, athletic apparel, carpeting and toothbrush bristles, at lower cost than traditional, petroleum-derived nylons.
Verdezyne, Inc. Presents at World Congress on Industrial Biotechnology, May-12-2014
May 9 14
Verdezyne, Inc. Presents at World Congress on Industrial Biotechnology, May-12-2014 . Venue: Philadelphia, Pennsylvania, United States.
Sime Darby To Acquire Stake In Verdezyne
Apr 28 14
Sime Darby Berhad (KLSE:SIME) plans to acquire a stake in Verdezyne Inc. as part of an initiative to pursue strategic growth areas for its plantation business. Sime Darby Renewables, a new unit under Sime Darby Plantation Sdn Bhd will spearhead this initiative which essentially focuses on converting traditional and non-traditional palm-based commodities into products of higher value.
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April 28, 2014