Glossary

WHITE BIOTECHNOLOGY: Relates to an emerging field within modern biotechnology that serves industry. It uses living cells like moulds, yeasts or bacteria, as well as enzymes to produce goods and services. White biotech can help realize substantial gains for environment, consumers and industry.

ARD: Agro-Recherches et Developpement (DNP joint venture partner)
BDO: 1,4 butanediol (bulk chemical intermediate)
CAGR: Compounded annual growth rate
CAPEX: Capital expenditure
COGS: Cost of goods sold
CWT: Hundred weight (standard measure of weight representing 100 lbs)
DBS: Dibutyl succinate (ester of succinic acid)
DES: Diethyl succinate (ester of succinic acid)
DMS: Dimethyl succinate (ester of succinic acid)
DOE: United States Department of Energy
DSP: Downstream processing
FTO: Freedom to operate
GBL: Gamma butyrolactone (bulk chemical intermediate)
GMO: Genetically modified organism
IP: Intellectual Property
MIT: Massachusetts Institute of technology
MSU: Michigan State University
PBS: Polybutylene succinate (biodegradable plastic)
PHA: Polyhydroxyalkanoate (a biodegradable plastic)
THF: Tetrahydrofuran (bulk chemical intermediate)
VOC: Volatile organic compounds