Neol Bio, a subsidiary of Neuron Bio has presented a patent on a new procedure for the production of oil with high content of oleic acid based on the use of genetically improved variants of its microorganism Neoleum®.
As in the other processes developed by Neol Bio the method used for, is based on resid feedstocks which are not in competition with human food, consume less energy and generate fewer contaminants.
A recent study estimates that the 50% of all globally sold lubricants end up in the environment due to losses while using, emissions and volatility. Global consume of lubricants will reach 42 million of tons in 2018 because of a compound annual growth rate of 2.5 %. Although current consumption of biolubricants is low, approximately 1% of the market, it is expected to grow at a rate of 6.7% during the period of 2013-2018.
The modification of the patented microorganism Neoleum® through genetic engineering tools developed by Neol, opens the way to new processes of sustainable production of olechemical products.
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