DNP Green Technology

.DNP Green Technology, Inc. and GreenField Ethanol, Inc. announced a partnership to build $50 million biobased succinic acid refinery that will produce a new generation of environmentally friendly de-icing solutions. The succinic acid technology will be licensed from Bioamber. This innovative, biorenewable de-icer has a negative carbon footprint and is less corrosive than traditional de-icers. Under the terms of the Letter of Intent, DNP Green and GreenField will select a location to build the succinic acid refinery, secure government support and finalize commercial agreements. The partners plan to form a joint venture later this year and negotiate a license from Bioamber. GreenField will build and operate the refinery and DNP Green will hold a significant equity stake. The preferred location is GreenField's shovel-ready site in Hensall, Ontario, Canada. The joint venture will produce its next generation de-icer from grain derived glucose. This biobased de-icer dramatically reduces corrosion to roads, airport runways and aircraft carbon brakes than currently available de-icer solutions. This patent protected de-icer also meets FAA standards (AMS 1435) and has a negative carbon footprint. The joint venture plans to work with distributors in the various market segments, including Basic Solutions, a provider of innovative runway de-icing solutions.