logo
logo

Solar Biotech, Inc. Receives Investment From Ingredion Inc. To Accelerate The Development Of Its Advanced Synbio Bioprocessing Technologies And Proprietary Synbio Products Pipeline

Jun 01, 2022•over 3 years ago
Norton

Description

Solar Biotech Incorporated announced today an investment by Ingredion Incorporated (NYSE: INGR) in Solar Biotech, a growing leader in advanced SynBio bioprocessing technologies and proprietary products. Terms of the investment were not disclosed. The investment, facilitated by New York investment bank, Young America Capital, will accelerate Solar Biotech's goal to provide sustainable, cell-based biomanufacturing technologies and products internationally across multiple SynBio market segments, including the fast-growing FoodTech industry. This infusion of capital will facilitate Solar Biotech as they proceed in their expansion at their facility in Norton, Virginia, which in turn will create more employment opportunities and contribute to the economic growth of Southwest Virginia.

Company Information

Company

Solar Biotech

Location

Norton, Ohio, United States

About

Solar Biotech, Inc. is a leading SynBio products and advanced bioprocessing technology development company with a mission to transform the way consumer products are manufactured via advanced bioprocessing technologies, including precision fermentation. The research and development and biomanufacturing facility in Norton has already facilitated the successful introduction of several major products to the SynBio food and beverage market segments. Recognizing rising consumer trends for sustainable, traceable, and healthier consumer goods, Solar Biotech is committed to environmentally sound operations in order to deliver the highest quality SynBio products available worldwide. Solar Biotech is working on the next generation of sustainable bioprocessing technologies, that will further revolutionize the SynBio industry. To learn more about Solar Biotech, visit www.solarbiotech.com.