Confirms P&G’s Commitment to Sustainable Innovation
Accelerates LS9’s Entry into the Consumer Product Chemicals Market
SOUTH SAN FRANCISCO, CA (May 19, 2009) – LS9, Inc., the Renewable Petroleum Company™, today announced a new strategic partnership with Procter and Gamble (NYSE: PG), one of world’s largest consumer products companies. This new partnership supports the joint development and commercialization of LS9 technology to produce key chemicals used within the P&G portfolio of consumer products.
In adopting LS9’s technology, P&G will employ one of the cleanest and most efficient technologies available to produce chemicals for consumer products. LS9’s revolutionary technology converts renewable materials into high-value, low-carbon, cost effective fuels and chemicals. The partnership demonstrates P&G’s commitment to sustainable innovations.
The partnership includes a multi-year collaboration that will accelerate the adoption of LS9’s proprietary technology in the production of a broad portfolio of commercial products – including sustainable chemicals and renewable transportation fuels. “P&G is an ideal partner for LS9,” said Bill Haywood, CEO of LS9. “By joining LS9’s technology with P&G’s market reach, the partnership will accelerate the delivery of sustainable, low-carbon, high-value chemical products into the world market.”
P&G has had a long-term commitment to responsible growth and has made continued progress toward achieving its established sustainability goals. The company recently announced significant increases in its 2012 sustainability goals.
“P&G has a proven track record in the commercialization of sustainable innovations such as LS9’s sustainable chemicals technology,” said Len Sauers, vice president of global sustainability at P&G. “Our partnership with LS9 delivers on P&G’s continued commitment to identify and promote sustainable innovations that help reduce the environmental profile of P&G’s products and operations.”
LS9, Inc., the Renewable Petroleum Company, is a privately-held industrial biotechnology company pursuing the commercial development of renewable fuels and sustainable chemicals. LS9 is applying synthetic biology to produce proprietary biofuels that are compatible with existing fuel distribution 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 Renewable Petroleum™ products are custom engineered in the lab to address immediate market needs for clean energy alternatives to petroleum and industrial chemicals. The company was founded in 2005 and venture capital firms Flagship Ventures, Khosla Ventures, and Lightspeed Venture Partners have provided funding to date. LS9 is headquartered in South San Francisco, California. For more information on LS9, please visit www.ls9.com.
For Procter & Gamble
Procter & Gamble
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