{"id":46548,"date":"2017-10-23T06:55:39","date_gmt":"2017-10-23T04:55:39","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=46548"},"modified":"2017-10-12T13:42:31","modified_gmt":"2017-10-12T11:42:31","slug":"innovative-microalgae-specialist-terravia-acquired-by-corbion","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/innovative-microalgae-specialist-terravia-acquired-by-corbion\/","title":{"rendered":"Innovative microalgae specialist TerraVia acquired by Corbion"},"content":{"rendered":"<p><strong>Corbion today announced the completion of the acquisition of substantially all assets of TerraVia Holdings (&#8220;TerraVia&#8221;). As a result, its broad and diverse platform centered on innovative food and specialty ingredients derived from microalgae, has now become part of Corbion.<\/strong><\/p>\n<p>Corbion has paid a cash purchase price of approximately US$ 20 million. Corbion expects the total investments to be substantially in excess of the cash purchase price. TerraVia&#8217;s operations are currently loss making. The acquisition is expected to bring high value creation potential.<\/p>\n<p>Tjerk de Ruiter, CEO of Corbion: &#8220;We are looking forward to welcoming a team of highly dedicated colleagues to the global Corbion family. TerraVia brings us a versatile microalgae-based platform which will enable us to expand into the field of producing specialty lipids and proteins, structured fats and tailored oils. TerraVia&#8217;s IP portfolio and R&amp;D pipeline, as well as its partnerships with industry leaders, provide high-growth opportunities for many years to come. At the same time, we are of course aware of the challenge of bringing the business from promise to commercial success. Corbion&#8217;s more than 80 years of reliably and economically running industrial-scale fermentation plants and producing sustainable ingredient solutions will help us turn the TerraVia assets into profitable businesses in the coming years.&#8221;<\/p>\n<p>San Francisco-based TerraVia leverages its microalgae platform to deliver high-value ingredients with clear benefits, such as Omega-3 oils for animal nutrition and tailored oils, structured fats and proteins for food, personal care and industrial applications. It operates an R&amp;D center and pilot facility in San Francisco, a demonstration plant in Peoria (Illinois) and an industrial scale plant in Brazil in a joint venture (50.1% owned by TerraVia) with Bunge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corbion today announced the completion of the acquisition of substantially all assets of TerraVia Holdings (&#8220;TerraVia&#8221;). As a result, its broad and diverse platform centered on innovative food and specialty ingredients derived from microalgae, has now become part of Corbion. Corbion has paid a cash purchase price of approximately US$ 20 million. Corbion expects the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[10477],"supplier":[5384,12050],"class_list":["post-46548","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-microalgae","supplier-corbion","supplier-terravia"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/46548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=46548"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/46548\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=46548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=46548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=46548"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=46548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}