Evolva and L’Oréal reach first milestone in innovative cosmetics ingredient project
Evolva Holding SA (SIX: EVE) today announces the successful completion of the first part of its R&D collaboration with L’Oréal. The parties have agreed to move into the next phase of the multi-year programme.
Under this collaboration, which started in February 2014, Evolva and L’Oréal are applying Evolva’s innovative fermentation technology to develop a yeast strain optimised for sustainable and cost-effective production of a strategically important cosmetics ingredient.
With the completion of the first work package, Fabien Cabirol, L’Oreal’s new Global Head of Biotechnologies Department, said “With this partnership L’Oréal aims to leverage on Evolva strong technological platform to develop innovative cosmetic ingredients with perceivable performance and measurable sustainability benefits. L’Oréal in-house expertise combined with Evolva flexible yeast platform opens opportunities to meet the needs and aspirations of consumers”.
Evolva CEO Neil Goldsmith said: “We are pleased to have demonstrated to L’Oréal our capabilities, and the strength and elegance of our platform”.
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Evolva is a pioneer and global leader in sustainable, fermentation-based approaches to ingredients for health, wellness and nutrition. Evolva’s products include stevia, resveratrol, vanillin, nootkatone and saffron. As well as developing its own proprietary ingredients, Evolva also deploys its technology for partners, providing them with a competitive edge and sharing in the returns they make. For more information see www.evolva.com. Questions about our fermentation approach? Have a look at our video.
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|Jakob Dynnes Hansen
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