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Stock impact report

IFF and Kemira Form Joint Venture To Produce Sustainable Biobased Materials at Scale

International Flavors & Fragrances, Inc. (IFF) 
Last international flavors & fragrances, inc. earnings: 2/12 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.iff.com
Company Research Source: Business Wire
Joint venture Alpha Bio will use IFF’s proprietary Designed Enzymatic Biomaterials™ technology to provide high-performance, sustainable alternatives to fossil-based ingredients NEW YORK--(BUSINESS WIRE)--IFF (NYSE:IFF) and Kemira announced the formation of Alpha Bio, a joint venture aimed at commercial-scale production of renewable biobased materials. With an investment of approximately €130 million, the Alpha Bio facility will start production in late 2027, converting up to 44,000 MT of plant sugars to bioproducts, including high-performance biopolymers for use in various applications, such as home and personal care and industrial solutions. Alpha Bio’s production will use IFF’s Designed Enzymatic Biomaterial™ (DEB) platform technology, integrated at the IFF biorefinery in Kotka, Finland."Our partnership with Kemira has reached a significant milestone, enabling us to scale the production of groundbreaking biobased materials to meet the large and growing demand for high-performing Show less Read more
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