Green Chemicals Blog
food
IFF acquires DuPont’s Nutrition and Biosciences business
International Flavors and Fragrances (IFF) announced yesterday its acquisition of DuPont’s Nutrition and Biosciences (N&B) business in a Reverse Morris Trust Transaction*. The deal values the combined company at $45.4 billion on an enterprise value basis, reflecting a value of $26.2 billion for the N&B business based on IFF’s share price as of 13 December … Continue reading
Alternative protein market gets investment boosts
Calysta announced a $30 million investment from BP Ventures to support a worldwide rollout of Calysta’s FeedKind® protein, which is already being produced from the company’s Market Introduction Facility (MIF) in Teesside, England. The investment will help Calysta expand production of its sustainable single-cell protein, which is produced through a proprietary, commercially-validated gas fermentation process … Continue reading
Solazyme changes name, abandons commodity chems and biofuel
It should not come as a shock that Solazyme is now fully rebranding itself as a food and nutrition ingredients producer after recent announcements of production restructuring and layoffs. The company released a statement today that it has renamed itself as “TerraVia” and will now exclusively focus on food, nutrition and specialty ingredients using its … Continue reading