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New collaboration hopes to reap the synergies available in the global health and nutrition markets.

Posted on May 18, 2017 5:44:00 PM

Amyris, the industrial biosciNew collaboration hopes to reap the synergies available in the global health and nutrition markets. (Photo courtesy of Amyris).ence company, and Koninklijke DSM N.V. (Royal DSM), the global science-based company active in health, nutrition and materials, announced that they have agreed for DSM to make an equity investment in Amyris. At the same time, the companies will enter into a development cooperation focused on products for the global health and nutrition markets (including vitamins and other nutritional ingredients). Amyris' technology supports DSM's strategic markets in health, nutrition, and materials as well as a growing consumer shift to bio-based products derived from sustainable sources. For Amyris, DSM's channels, market access and keen understanding in selecting the right products for the animal nutrition, human nutrition, and consumer health markets provide strategic value.

"Amyris has a unique yeast-based strain engineering platform that is very complementary to DSM's capabilities in this area and will create great synergy with DSM's know-how."

Royal DSM ( @DSM ) delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials.

Amyris (@Amyris ) applies its innovative bioscience solutions to convert plant sugars into hydrocarbon molecules and produce specialty ingredients and consumer products. The company is delivering its No Compromise® products across a number of markets, including specialty and performance chemicals, flavors and fragrances, cosmetics ingredients, pharmaceuticals, and nutraceuticals.

"Amyris has a unique yeast-based strain engineering platform that is very complementary to DSM's capabilities in this area and will create great synergy with DSM's know-how in fermentation, downstream process development and large-scale manufacturing," said Chris Goppelsroeder, President & CEO of DSM Nutritional Products.

"Working closely together with Amyris and leveraging DSM's route-to-market, will accelerate our innovation towards cost-effective, fermentation-based processes for both existing and new products."  

DSM has agreed to make an initial equity investment in Amyris of US$25 million, translating into a shareholding of ~12%. Subject to the satisfaction of certain conditions, DSM may invest an additional US$25 million in Amyris. The first tranche is expected to close on Thursday, 11 May 2017, with a second tranche, if approved by DSM's Managing Board, expected to close within 90 days of the closing of the first tranche. As part of this investment, DSM will gain one board seat upon the closing of each tranche.

As part of the agreement, DSM and Amyris have agreed to focus on a number of short- to medium-term product development & production opportunities in vitamins and other nutritional ingredients.

"We are very excited about DSM's strategic focus in health and nutrition markets and its commitment to sustainable sourcing and production of better-performing products," said John Melo, Amyris President & CEO.

"The Amyris technology platform and potential synergy can lead to significant cost improvements for DSM while accelerating Amyris's market access. We expect this will lead to incremental revenue in 2017, growing annually based on the number of products we develop in our partnership and our pace of delivery."

Terms of the private placement and related agreements are more fully disclosed in the Form 8-K filed by Amyris today with the Securities and Exchange Commission, available free of charge at sec.gov. 


To read about more collaborations in the bio-based space you might be interested in:

A new industry collaboration hopes to drive the circular economy using sustainable chemistry.

A new Danish collaboration starts work to produce green energy from biogas.

bio-bean’s collaboration with Caffè Nero could help power homes and cars in the future.

AkzoNobel collaborates with Itaconix to “explore opportunities” for bio-based polymers.

Danone and Nestlé Waters lead new initiative that could "bring bio-based bottles to the world as soon as possible."

 

Topics: BBWNChemicals, ProcessRefining&Plants

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About the Author

Emily O'Dowd
Emily O'Dowd
On graduating with a degree in English Literature at Royal Holloway University of London, Emily joined the editorial team. When she isn't writing articles for the website or interviewing experts in th...read more