Fermentalg joins DIC to create natural food colorings as it announces half-year results
12 Sep 2017 --- Fermentalg, a French company providing microalgae products for nutrition and health, and DIC Corporation, a Japanese company in the global chemicals industry, have announced the signing of a cooperation agreement. The agreement was revealed as Fermentalg announced its 2017 half-year financial report, which shows a slowdown in cash expenditure that is in line with forecasts, and comes on the back of controlled spending, notably through cuts in administrative costs (primarily fees), as the Group prepares for its future industrial deployment. The Fermentalg agreement with DIC has two components: a €5 million (US$5.98 million) investment by DIC Corp. in Fermentalg in the form of bonds convertible at €5.00 per share, and a three-year joint development agreement of two products, including a phycocyanin, a natural blue pigment. The global, multi-year agreement “targets the fast-growing market for natural alternatives to artificial food colorings,” according to Fermentalg. The partnership will “bring together Fermentalg's unique microalgae strain bank and its integrated biotechnology platform with DIC's significant applied research, industrial and commercial resources.” “This alliance will enable us to accelerate our expansion into microalgae-derived natural pigments, our company's second major development focus alongside omega 3 rich oils,” Philippe Lavielle, Chairman and CEO of Fermentalg, says. “This agreement is proof of the effectiveness of Fermentalg's biotechnology platform and of our ability to win over global industry leaders.” “DIC Corp.'s investment in our company clearly demonstrates their confidence in our ability to create value together in the coming years in the area of natural pigments,” Lavielle continues. “I would like to thank our key shareholders, particularly Bpifrance and Demeter, for renewing their commitment to Fermentalg and stepping up their financial support.” “In our medium-term management plan, we have identified the nutrition and health industries as key targets for the future and we believe that DIC and Fermentalg's combined capabilities will enable us to develop natural food coloring products that meet consumer needs and expectations in a fast-growing market,” comments Kiyotaka Kawashima, Executive Officer of DIC in charge of the Corporate R&D Division. Three years joint development agreement (JDA) Fermentalg's technological platform, including its leading microbiological bank and its proprietary technology (predominantly-heterotrophic mixotrophic), will be implemented in this JDA. Combining with the expertise and industrial capabilities of DIC, Fermentalg has announced that it is opening “a new way of producing natural pigments, which should offer it and its partner a strong competitive position in a fast-growing market.” Once the various transactions have been finalized, Fermentalg has announced that a representative of DIC will join Fermentalg's Board of Directors as an observer. NutritionInsight spoke to Jean-Louis Caradec of Fermentalg at Vitafoods Asia in Singapore last week about new opportunities with microalgae-based ingredients. You can view the video here. To contact our editorial team please email us at editorial@cnsmedia.com
Related ArticlesNutrition & Health News Fresh or frozen? Deep-frozen orange juice packs extra health punch, study finds12 Jun 2018 --- Deep-freezing orange juice increases the overall bioaccessibility of healthy compounds such as carotenoids, a study has found. Conducted by Researchers at the Laboratory of Food Color and Quality at the University of Seville, the study concluded that although fresh juice has the highest concentration of carotenoids, juice that has undergone deep freezing has an increased number of carotenoids that are eventually absorbed into the blood. Nutrition & Health News Algatech introduces new algae strain in “milestone” for microalgae industry04 Jun 2018 --- Algatechnologies (Algatech) has launched Fucovital, a patented, “all natural,” three percent fucoxanthin oleoresin produced and extracted from microalgae. Fucovital also touts being the first fucoxanthin product granted New Dietary Ingredient Notification (NDIN) acknowledgment for dietary supplements from the Food and Drug Administration (FDA). Algatech claims to have developed a “unique” extraction process that overcomes previous barriers to the microalgae ingredient's commercialization. Nutrition & Health News Algalif seeks Asia-Pacific market growth with Astaxanthin ingredients and introduction of finished products28 May 2018 – Algalif, Icelandic producer of astaxanthin ingredients and finished products from microalgae, is expanding into the Asia-Pacific market with its Astalif astaxanthin oleoresins, and the launch of its IceCaps astaxanthin soft gelatin capsules. In addition, the company has launched its Icelandic Harvest brand of finished astaxanthin products in response to retail trade demand. Nutrition & Health News Nutrient breakthrough: Scientists show plants can be a dietary source of vitamin B1224 May 2018 --- Scientists at the University of Kent have made a significant discovery about how the vitamin B12 content of some plants can be improved to make vegetarian and vegan diets more complete. Vitamin B12 (known as cobalamin) is an essential dietary component but vegans and vegetarians are more prone to B12 deficiency as plants neither make nor require this nutrient. Nutrition & Health News Green protein boost: INCJ and Mitsubishi Corp. invest over US$15m in microalgae protein maker23 May 2018 --- Innovation Network Corporation of Japan (INCJ) and Mitsubishi Corp. (MC) have announced a joint investment in microalgae company Tavelmout through the acceptance of a third-party allocation of shares by Tavelmout. The total investment amounts to 1.7 billion yen (US$15.47 million), evenly split between INCJ and MC. Through their participation in Tavelmout, a company aiming to mass produce and popularize spirulina, MC and INCJ are seeking to contribute to the diversification of sustainable protein sources. More Articles |
.jpg)
.jpg)
.jpg)
