The break up practically just happened! Yes, it was ugly as any divorce is but the other party just walked away, took a ton of debt with them and handed us the keys to castle.
You do realize that no one wants to get caught in a rebound situation, it takes awhile to find a new partner, and you really don’t want to rush it. They’ve got the patents, they’ve got cash to last and they have time to do it right.
It is quite likely that when the announcement comes it will be a good one. I’m guessing that they will partner with someone who will re purpose an existing facility (to supply stock to current customers) while they set up a new (smaller) facility in Brazil (or somewhere like that) to manufacture both bioplastics and biochemicals.
The key is keeping the cost of manufacturing down so that they keep the cost of good competitive. If the price of Mirel were cost competitive with other bioplastics then Mirel would probably rule the world. The facility that ADM helped build cost too much to create, too much for labor and resulted in a product that was too expensive. This time round things should be different.