Sector News

Cargill acquires OPX Biotechnologies’ fermentation technology

April 30, 2015
Food & Drink
/PRNewswire/ – Cargill has acquired Colorado-based OPX Biotechnologies’ proprietary fermentation-based processes and systems. These technologies are used to produce bio-based chemicals from sugars for use in non-food applications such as lubricants, detergents, plastics, agrichemicals and personal care products. 
 
Cargill is already a large supplier of carbohydrates and other biotech offerings. This acquisition further expands its presence in commercial fermentation products outside of food and feed.
 
“Our customers that make products in any of these categories will benefit from this technology acquisition because it will enable us to produce more and better solutions for them than they can get from any other company,” said Cargill Corn Milling vice president, Brian Silvey. “It will also make bio-based products with extensive functionality more readily available than ingredients produced using petroleum-based or tropical oils.”
 
OPXBIO will support the transition to Cargill over the coming months.
 
“This sale of OPXBIO’s technology to Cargill demonstrates the great progress OPXBIO has made towards product commercialization,” said Mike Rosenberg, CEO of OPXBIO. “Cargill has all the right capabilities and experience to deliver products produced from OPXBIO’s technology to customers.” DecisionPoint Advisors acted as advisor to OPXBIO for this transaction.
 
Source: Cargill

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 22, 2020

AI-driven vertical farming project secures $1m in funding

Food & Drink

Swegreen has secured funding from Vinnova for a project aimed at further developing its platform for artificial intelligence (AI)-driven vertical farming.

November 22, 2020

Mondelēz ditches plastic trays for carboard in adult selection boxes

Food & Drink

Mondelēz International has announced that it has removed 1.1 million plastic trays across its entire adult selection boxes range in UK and Ireland this Christmas.

November 22, 2020

WHO launches first-ever certification program for trans fat elimination

Food & Drink

The World Health Organization (WHO) is piloting industry’s first certification program to recognize countries that have eliminated industrially produced trans-fatty acids from their food supplies.

Send this to a friend