Stora Enso and Rennovia Inc. recently announced a joint development and license agreement to cooperate on bio-based chemicals development. Under the terms of the agreement, the two companies will cooperate to develop processes for bio-based chemicals of interest to Stora Enso, employing Rennovia’s high-throughput catalyst discovery infrastructure and process development expertise. Rennovia reportedly will focus on the technology development of novel catalysts and processes for the cost advantaged production of chemicals from renewable feedstocks.

“The joint development and technology agreement will accelerate some of the developments Stora Enso is working on and gives us a solid platform to move further in building a portfolio of sustainable bio-based solutions for our customers,” said Juan Carlos Bueno, executive vice president, Biomaterials. “We are looking forward to collaborating with Rennovia.”