French biotech company Deinove have announced an agreement with Flint Hills Resources to develop a new process for producing ingredients for animal nutrition. Both companies aim to develop conditions for the production of ingredients for animal feed by using Deinococcus bacteria as host strains and raw material provided by Flint Hills Resources, a U.S. company active in biofuels, specialty ingredients, refining and chemicals.
Over the next 17 months Deinove will screen its library of 6,000 strains, identify and optimize bacteria that are able to grow in good conditions using raw materials supplied by Flint Hills Resources and produce the targeted compounds in acceptable quantities. Flint Hills Resources is covering the costs of the R&D project. The company is not disclosing the cost of the investment. If successful, the two companies will study the terms of a licensing agreement for the technology developed by the R&D project
Flint Hills Resources work across a number of industries within our sector refining, chemicals and biofuels. Flint Hills Resources operates ethanol plants in Georgia, Iowa and Nebraska. The plants have a combined annual capacity of 820 million gallons of ethanol. The company also has made equity investments in bioenergy companies. The company has expanded its operations through capital projects and acquisitions worth more than $11 billion since 2002.
We are excited to work with Deinove on this project and drive innovation that we believe has the potential to add value to an increasingly important market segment and enhance the overall profile of our U.S. biofuels business, said Dr. Jeffrey Miano, Director of New Ventures at Flint Hills Resources.
Montpellier (France) based Deinove, design and develop new standards of production based on a bacteria with unique genetic properties and unusual robustness, Deinococci. Deinove optimizes natural fermentation and metabolic capabilities of these bacterial “microfactories” to produce high valueadded products from nonfood biomass. The Companys primary markets are 2ndgeneration biofuels (DEINOL) and biobased chemicals (DEINOCHEM). On these markets, the Company offers its technology to industrial partners globally.
“This collaboration with Flint Hills Resources allows us to expand our potential in the animal feed market where we are already active within other projects,” added Emmanuel Petiot, CEO of DEINOVE. “The extremely diverse potential of Deinove’s bank of strains offers many opportunities for value creation. This new project is just one example of it”
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