We are very pleased to expand our strategic partnership with P&G, the world's leading consumer products company, and to be part of their strong commitment to sustainability
South San Francisco, CA (PRWEB) February 7, 2011
LS9, Inc. today announced the initiation of a second development and commercialization partnership with Procter & Gamble. This additional partnership draws on LS9’s unique technology to broaden the portfolio of renewable chemicals to be used in P&G’s consumer products.
“We are very pleased to expand our strategic partnership with P&G, the world’s leading consumer products company, and to be part of their strong commitment to sustainability,” said Ed Dineen, LS9 President and CEO. “This second project, already underway, builds on the success of our first partnership and is further affirmation of our ability to bring a diverse portfolio of renewable chemicals to market using efficient, low-cost processes. It also demonstrates P&G’s faith in LS9’s powerful technology platform.”
“P&G has a proven track record and strong commitment to renewable products,” said Rick Hughes, P&G’s Chief Purchasing Officer. “The expansion of our partnership with LS9 is an important part of our overall effort to identify, develop and commercialize sustainable innovations for P&G’s products and markets.”
LS9, Inc. is a privately-held industrial biotechnology company pursuing the commercial development of renewable fuels and chemicals. LS9 is applying synthetic biology to produce proprietary biofuels that are compatible with existing fuel distribution and consumer infrastructure, as well as high-value industrial chemicals. LS9 is the pioneer in the commercial development of fermentation derived hydrocarbon biofuels and its patent-pending products are custom engineered in the lab to address immediate market needs for clean energy alternatives to petroleum. In June 2010, LS9 was awarded the U.S. Environmental Protection agency's highest environmental honor for its revolutionary Renewable Petroleum(TM) technology. The company was founded in 2005 and Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners, Chevron Technology Ventures, and BlackRock among others have provided funding to date. LS9 is headquartered in South San Francisco, California. For more information about LS9 products and capabilities, please visit http://www.ls9.com.