Metabolix Signs Letter of Intent with Antibióticos for Production of Mirel Biopolymer Resin

Metabolix, Inc. MBLX today announced that it has signed a letter of intent with Antibióticos S.A. for production of MirelTM biopolymer resin at its manufacturing facility in Leon, Spain. Under the terms of the LOI, Metabolix will begin work immediately with Antibióticos to conduct a series of validation production runs to demonstrate fermentation and recovery of Mirel biopolymer resin on full production-scale equipment at Antibióticos. The companies plan to enter into a definitive contract manufacturing agreement for Mirel biopolymers based upon the validation production runs as well as completion of economic and engineering feasibility studies. Metabolix will own the Mirel biopolymer resin produced during the validation production runs.