REG Delivers First Life Sciences Commercial Product
Specialty Fatty Acid to Be Used By Leading Fragrance Manufacturer
AMES, Iowa--(BUSINESS WIRE)--
NOTE: A video on this topic can be viewed at this link: https://youtu.be/Y6L3rcocbUI
This Smart News Release features multimedia. View the full release here:
REG Life Sciences, LLC, a wholly owned subsidiary of Renewable Energy
Group (NASDAQ:REGI) has delivered its first commercial product, a
specialty fatty acid, the company announced today.
REG developed, produced and delivered approximately one metric ton of
the renewable, multi-functional chemical to Aroma Chemical Services
(ACS) International, a leading specialty manufacturer and supplier of
flavor and fragrance ingredients. REG has been actively working with ACS
to identify, develop and bring to market fragrance and flavor
derivatives based on the REG Life Sciences' proprietary technology. ACS
will use the specialty chemical for the production of a high performance
musk ingredient for sale into the $620 million global musk ingredient
"We are proud to have achieved this key milestone and are confident that
the musk will enjoy commercial success, creating growing demand for our
multi-functional fatty acid," said Eric M. Bowen, head of REG Life
Sciences and Vice President, Corporate Business Development & Legal
Affairs. "We have identified over 500 candidate compounds from our
platform, several of which we believe could lead to attractive follow-on
opportunities in the global musk market."
"We have been working very hard to develop a robust and high-quality
process that will enable this first product to be successful," said Brad
Albin, Vice President, Manufacturing.
Fatty acids are one of three product areas REG Life Sciences has focused
on, along with esters and alcohols. Work on this product began last year
after REG and ACS identified the specialty fatty acid as particularly
well suited for the production of a high performance musk.
"Together, REG Life Sciences and ACS have identified a number of
potentially valuable flavor and fragrance ingredients based on REG's
proprietary technology that we plan to develop and bring to market in
the near future," said Steve del Cardayre, Vice President, Research, REG
ACS leaders welcomed delivery of the renewable chemical. "We are very
excited to see our joint efforts come to fruition through a powerful
combination of industrial biotechnology and unique processing
solutions," said Koenraad Vanhessche, Vice President, Innovation and
Business Development at ACS. "Moreover, this integrated fatty acid
synthetic biology platform is the first of its kind in the field of
flavor and fragrance and enables quick and cost-effective access to a
plethora of targets previously beyond anyone's scope."
"ACS International Group is very pleased to work with REG Life Sciences
to develop these fragrance and flavor ingredients some of which have the
potential to become major new building blocks for the F&F Industry,"
said Thomas J. Plocek, Managing Director. "It is a pleasure to be able
to use renewable feedstocks that can create beautiful consumer products
while being produced in a way that protects the environment and expands
the application of safe biotechnology into more industrial products.
Earlier in my career I coined the expression, 'The esthetics of
manufacturing.' To me, it is wonderful to make esthetically pleasing
products in an esthetically pleasing way."
"Our partnership has deliberately targeted key ingredients in the flavor
and fragrance industry. When combined with the other components of the
ACS International business model, namely sustainability, reliability,
creativity and respect, it will allow us to drive this project to its
successful conclusion," said Dan Hirlea, CEO of ACS International.
A video on the first commercial product from REG Life Sciences, part of
a series celebrating REG's 10-year anniversary as an independent
company, can be viewed at the company's website, www.regi.com
or by clicking here
to view the video on REG's YouTube
About Renewable Energy Group
Renewable Energy Group, Inc. is a leading provider of cleaner, lower
carbon intensity products and services and is North America's largest
producer of biomass-based diesel. REG utilizes a nationwide production,
distribution and logistics system as part of an integrated value chain
model to focus on converting natural fats, oils and greases into
advanced biofuels and converting diverse feedstocks into renewable
chemicals. With 12 active biorefineries across the country, research and
development capabilities and a diverse and growing intellectual property
portfolio, REG is committed to being a long-term leader in bio-based
fuels and chemicals.
For more than a decade, REG has been a reliable supplier of advanced
biofuels which meet or exceed ASTM quality specifications. REG sells
REG-9000 biomass-based diesel to distributors so consumers can have
cleaner burning fuels that help diversify the energy complex and
increase energy security. REG-9000 biomass-based diesel is distributed
in most states in the US. REG also markets ultra-low sulfur diesel and
heating oil in the northeastern and midwestern US. For more information
on REG visit our website at www.regi.com.
About Aroma Chemical Services International Group
ACS International Group GmbH is a leading mid-sized manufacturer and
global supplier of special high value fragrance and flavor ingredients.
ACS has a fine chemical manufacturing plant in Romania, sales and
logistics headquarters in Stahle, Germany, sales offices in Red Bank,
New Jersey and its Innovation and Business Development Center in Geneva,
Switzerland. ACS is located near and maintains continual contact with
the leading companies and creative centers in the fragrance and flavor
industry. With warehouses in key locations, it services F&F companies
throughout the world.
Well established as a key manufacturer of special ingredients for F&F
use, in the past 5 years ACS has had an active program to apply advance
biotechnology to the manufacture of important fragrance and flavor
ingredients and intermediates. This is being accomplished through
strategic partnering with firms, universities and research centers in
the US and Europe, integrating biotech solutions into traditional
fragrance and flavor ingredient manufacture and marketing. http://www.acsint.com
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to the commercial viability of our new
product, our plans to develop and market additional products in the
future, and our partnership with ACS.
These forward-looking statements are based on current expectations and
assumptions, are subject to change, and actual results may differ
materially. Factors that could cause actual results to differ materially
include the significant capital expenditures required to produce
commercial quantities of renewable chemicals; our ability to convince
potential customers to change their well-developed manufacturing
processes and arrangements with current suppliers; potential customers'
lengthy and complex product qualification procedures imposed on their
suppliers, including consumer preference, manufacturing considerations
such as process changes and capital, and other costs associated with
transitioning to alternative components, supplier operating history,
regulatory issues, product liability and other factors, many of which
are unknown to, or not well understood by, us; regulatory registrations
and approvals from governmental authorities; the future price and
volatility of feedstocks; risks associated with fire or explosion at our
facilities; competition in the markets in which we operate; and other
risks and uncertainties described from time to time in REG's annual
report on Form 10-K for the year ended December 31, 2015, quarterly
reports on Form 10-Q and other periodic filings with the Securities and
Exchange Commission. All forward-looking statements are made as of the
date of this press release and REG does not undertake to update any
forward-looking statements based on new developments or changes in our
View source version on businesswire.com: http://www.businesswire.com/news/home/20161031005414/en/
Renewable Energy Group, Inc.
Anthony Hulen, 703-822-1972
Source: Renewable Energy Group, Inc.
News Provided by Acquire Media
Close window | Back to top