Genomatica, a technology leader for bio-based chemicals, has acquired certain assets of the REG Life Sciences division (REG LS) of Renewable Energy Group, the largest supplier of advanced biofuels in North America.
WHO: Genomatica is a widely recognized leader in bioengineering and aims to lead a transition to more sustainable materials. It develops bio-based process technologies that enable a better way to produce widely used chemicals, from alternative feedstocks, with better economics, sustainability, and performance.
Renewable Energy Group is a global producer and supplier of renewable fuels like biodiesel and renewable diesel, renewable chemicals, and other products.
WHY: Genomatica’s acquisition is designed to create more technology solutions to help brands and their suppliers meet increasing consumer demand for sustainable products by incorporating renewable or bio-based chemicals into their product offerings.
IN THEIR OWN WORDS: “Genomatica’s strengths will help us realize our journey by scaling sustainable chemicals for mainstream applications,” said Fernando Sanchez-Riera, formerly the vice president, R&D, REG LS, and who has now joined Genomatica to lead the continued development of the long-chain platform. “Between the terrific people, culture and energy, we see a common vision and a natural fit.”
“We are pleased to be selling our Life Sciences’ assets to Genomatica, who are well positioned to build upon the technical progress we have made, and to advance the team and the technology through to commercialization,” said Cynthia J. Warner, CEO of REG. “As we focus on our core strategies to grow our fuel business, this deal allows the technology to develop with a new owner while we retain the opportunity to participate in the successful commercialization of the technology in the future.”
- Genomatica’s acquisition of REG Life Sciences’ assets adds a third product platform to accelerate expansion into the markets for multiple household products.
- The acquisition enhances Genomatica’s ability to make “long-chain” chemicals from renewable feedstocks. These chemicals are widely used to make products such as surfactants, cosmetics, solvents, polymers, fuels, and food ingredients.
- Genomatica is adding over 550 active patents and applications to bring its portfolio to over 1,500 offerings.
- The core group of REG LS team members will join Genomatica at its San Diego Innovation Center.
Photo: Eliska Motisova via Unsplash