OREANDA-NEWS. March 05, 2012. ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that it has acquired shares in ZeaChem Inc. (headquartered in Colorado, U.S.A.: Jim Imbler, CEO; hereinafter “ZeaChem”).

 Together, ITOCHU and ZeaChem will acquire partners in each region to investigate the expansion of the technology worldwide, in second generation bioethanol business sectors that use ZeaChem’s technology, and in the future in chemicals business sectors that produce from biomass (green chemicals industry), with the aim of commercializing the technology in 2014. Also, we will create new business through project investment and development, by continuing to actively pursue the development of leading-edge technologies that are environmentally friendly and promising.