Danone aiming to scale up precision fermentation with aid of partners [Yahoo! Finance]
DANONE S/ADR (DANOY)
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Source: Yahoo! Finance
It is joining forces with local industrial heavyweight Michelin, best known for its tyre production, local investment bank Crédit Agricole and the American start-up DMC Biotechnologies. The Biotech Open Platform initiative aims to foster the development of healthier products. The project comes just a month after Danone announced it will be investing in a new production line for tube-feeding products in France. The goal of the project announced today (13 June) is to scale up precision fermentation - a bio-technological process that enables the creation of bio-sourced materials and ingredients for industry innovation and to tackle decarbonisation. Some €16m ($17.3m) will be invested in the first stage at a location in Clermont-Ferrand within the Parc Cataroux Center for Sustainable Materials, an innovation accelerator supported by Michelin. The Biotech Open Platform is also supported by several public and private institutions: the University of Clermont Auvergne, the company Gr
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