Eastman acquires TetraVitae Bioscience

Biofuels Digest
Jim Lane November 4, 2011

In Tennessee, Eastman Renewable Materials, a wholly-owned subsidiary of Eastman Chemical Company, announced that it has acquired the assets of TetraVitae Bioscience, Inc., located in Chicago, Ill. TetraVitae is a leading developer of renewable chemicals, including bio-based butanol and acetone. Terms of the transaction were not disclosed.

“This announcement is a demonstration of Eastman’s continued investment in innovation and our commitment to delivering sustainable solutions to our customers,” said Dr. Greg W. Nelson, senior vice president and chief technology officer. “I am confident that TetraVitae’s patented bio-catalysis technology will provide Eastman an excellent platform for the development of a range of bio-based processes that will strengthen our sustainable product offerings.”

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