Metabolix, Inc. Signs Distribution and PHA Supply Agreements With Tianjin GreenBio Materials Co., Ltd.
3/27/2013 11:05:53 AM
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Metabolix, Inc. (NASDAQ: MBLX), an innovation-driven bioscience company focused on delivering sustainable solutions for plastics, chemicals and energy, today announced that it has entered into a distribution agreement with Tianjin GreenBio Materials Co., Ltd. (“GreenBio”), a biomaterials company based in Tianjin, China. Under the terms of the agreement, Metabolix will distribute GreenBio’s SoGreen™ heat shrink film in Europe and will be the exclusive distributor in the Americas. In addition to a distribution relationship, Metabolix and GreenBio have also signed a supply agreement for PHA biopolymers. Under the arrangement, GreenBio will supply PHA resins to Metabolix, which will extend the range and availability of the Company’s PHA products.
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