DSM Venturing invests in cleaner-burning fuel additives through ORYXE Energy

5/10/2005, 2:15 PM (Source: GlobeNewswire)

DSM Venturing, the corporate venturing unit of Dutch chemical
specialties maker DSM, today announced that it has taken a share
interest in ORYXE Energy International, based in Irvine, California
(USA). ORYXE Energy develops solutions to meet the world's dual need
for dependable fuel supplies and a cleaner environment. By focusing
on cleaner-burning fossil fuels, the company has developed innovative
additive technologies that significantly reduce toxic emissions from
conventional and reformulated fossil fuels. This is especially
important as it helps to comply with increasingly stricter
environmental protection regulations.

Prior to this investment, DSM and ORYXE Energy already had a supply
agreement. On an exclusive basis DSM provides the proprietary product
Isomixtene, a key component of the ORYXE Energy additive. With the
investment DSM also enters into a strategic relationship with ORYXE
Energy to research and develop additive solutions, based on DSM's
performance materials knowledge and ORYXE Energy's application
experience in combustion. This will further strengthen DSM's
reputation as a world leader in partnering with innovative companies
to commercialize new products and applications.

Chris Goppelsroeder, member of DSM's Managing Board, explains: "We
believe that ORYXE's markets can give a new dimension to the business
of DSM. The cooperation will give DSM further insight in the
potential of Isomixtene. Also, our contribution to a cleaner
environment through less polluting fuel is another good example of
how serious we take sustainable development at DSM."

ORYXE Energy is currently commercializing two diesel additive
products and solutions for major oil refiners and producers and has
additional products in the pipeline for gasoline, residual fuels, jet
fuel and coal. The company's initial target markets include the
states of Texas and California, which lead the United States in
environmental regulation. In Texas, ORYXE Energy's Low Emission
Diesel additive product (OR-LED) currently is the only additive
solution to meet the new legislative standards.

Marc Schüler, General Manager DSM Venturing, highlights: "We are very
pleased to further strengthen our portfolio of promising start-up
companies with this equity investment and the attached Board position
in ORYXE Energy. This investment will not only open new, innovative
markets for DSM, we also expect to build a successful business with
sizeable financial return."

Walther Schindler, Chairman and CEO of ORYXE Energy comments: "We
welcome DSM as a value adding investor and strategic partner and
believe we can realize significant synergies through this
collaboration. This will further stimulate the growth and commercial
success of ORYXE Energy."


DSM Venturing
DSM Venturing, part of the DSM Venturing & Business Development
business group, is an active investor in several Venture Capital
Funds and start-up companies in DSM's strategic growth fields: Food
Ingredients, Pharmaceutical Intermediates and Performance Materials.
This is the eleventh direct investment of DSM Venturing. DSM
Venturing's mission is to explore emerging markets and technologies
in order to enhance DSM's product portfolio and create value. For
more information about DSM Venturing see www.dsm-venturing.com.

ORYXE Energy
ORYXE Energy International, Inc., a venture capital-backed company
based in Irvine, California (USA), develops, certifies and
distributes proprietary additives that improve fuel performance and
reduce toxic emissions from the combustion of hydrocarbons, such as
diesel fuel and gasoline. Founded in 2001, ORYXE Energy was named a
Top 100 Innovator by Red Herring magazine in late-2004. The company
holds one U.S. patent and has ten patents pending. For more
information about ORYXE Energy, visit www.oryxe-energy.com.

About DSM
DSM is active worldwide in life science products, performance
materials and industrial chemicals. The group develops, produces and
markets innovative products and services that are designed to raise
the quality of life. DSM's products are used in a wide range of
end-use markets and applications, including human and animal
nutrition and health, cosmetics, pharmaceuticals, the automotive
industry, coatings, the construction industry and the electrics &
electronics market. The group has annual sales of around EUR 8
billion and employs about 24,000 people worldwide. DSM is a leading
world player in many of the markets in which it operates and has
plants and facilities on every continent. The company's head office
is in the Netherlands. For more information on DSM, please visit
www.dsm.com.


For more information:

DSM Corporate Communications DSM Venturing & Business
Médard Schoenmaeckers Development
tel. +31 (0) 45 5782421 Marc Schüler
fax +31 (0) 45 5740680 tel. +31 (0) 45 5783105
e-mail media.relations@dsm.com fax +31 (0) 45 5783102
e-mail info.venturing@dsm.com



Hill & Knowlton - the Netherlands
Tim van der Zanden
tel. +31 (0) 20 4044707
tvdzanden@hillandknowlton.com
View document
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.