Symrise AG has signed a minority investment agreement with Bonumose. The early-stage food ingredient manufacturer specialises in the affordable production of delicious, good-for-you rare monosaccharides (alternatives to sucrose) such as tagatose and allulose. With this strategic transaction, Symrise will accelerate growth in its sugar reduction initiatives. The area represents a high-priority focus for the North America region within the Taste, Nutrition & Health segment.
“This exciting investment forges a strategic partnership. It will enhance our flavour and taste balancing technologies with Bonumose’s innovative and economical tagatose and other alternative sweetening solutions. Combining our technologies, will enable us to offer our customers new pathways to sugar reduction and taste balancing solutions. In turn, this will allow them to reduce sugar while optimising the taste of better-for-you products for their consumers. This applies especially in the beverage and ice-cream categories. Health forms a growing focus category for Symrise. With the support of Bonumose’s enzymatic expertise, we can bring novel and disrupting ingredients to the marketplace together”, said Nick Russell, Senior Vice President – Business Incubation Group, Symrise AG.
Bonumose opened a new R&D facility and manufacturing plant earlier this year. The facility allows for quality, consistent, and economic production of their growing portfolio of sugar alternatives. Bonumose was founded in 2016 as a start-up. It continues to grow thanks to their patented enzymatic technology. This allows for the sustainable bulk production of healthy ingredients from globally-abundant plant material.
Ed Rogers, Bonumose Chief Executive Officer and Co-Founder, said: “We feel enthusiastic about the future and the growth that the investment and partnership with Symrise enables. Now, we are coupling our expertise in tagatose and other naturally-occurring sugar alternatives with the extensive Symrise flavour proficiency and expansive portfolio across multiple platforms in both human food and animal nutrition. This creates the opportunity to offer unique value to customers. The strength of Symrise as an augmented flavour house paired with Bonumose’s patented enzymatic technology will enable cutting edge solutions to sugar reduction.”
Costain is working with Dwr Cymru Welsh Water, Wales and West Utilities and food and drink manufacturer Princes Group on a feasibility study to produce hydrogen from biogas from the Cardiff East Waste Water Treatment Works that willfuel boilersto provide heat for fruit juice pasteurisation.
The programme is funded through the Department for Business, Energy and Industrial Strategy’s (BEIS)£1 billion Net Zero Innovation Portfolio, which aims to accelerate the commercialisation of innovative clean energy technologies and processes through the 2020s and 2030s.
The H2Juice project has been awarded £372,931 of funding from the BEIS£26 million Industrial Hydrogen Accelerator Programme (Stream 2A), to demonstrate the feasibility of end-to-end industrial fuel switching to hydrogen. The study will take five months with the possibility to awarded further funding in the subsequent Stream 2B, to conduct further engineering and a demonstrator.
The feasibility study will also investigate the ability to utilise different blends of hydrogen with natural gas, enabling the transition to fuel switching and demonstration of system flexibility.
Costain Energy Sector Director, Matt Browell-Hook, said “I’m delighted that our H2Juice project has been selected under the Government’s hydrogen accelerator programme. Costain has been active for a number of years in the development of hydrogen schemes across the UK and this recent award is a great reflection of the hard work our energy teams have been involved in.”
This project builds on a similar study carried out with Welsh Water to evaluate the feasibility of converting waste gases from the sewage treatment process to produce fuel grade hydrogen, which could power local fleet vehicles.
SIG opens next round of SIGCUBATOR applications
With start-up companies already benefitting from SIG’s SIGCUBATOR accelerator program, SIG is once again offering new food and beverage innovators an amazing no-strings opportunity to get their exciting new product idea to market. Interested start-ups can apply now at no cost via www.sigcubator.com until 28 February 2022.
This is the fourth time SIG has opened-up its SIGCUBATOR accelerator program to forward-thinking food and drink start-ups and small businesses, eager to partner with SIG at no cost or obligation, to help launch their products. It is these small entrepreneurial start-ups who are increasingly driving industry innovation and value creation. However, many don’t have the volume to produce big batches with co-packers or the expertise and financial ability to invest in their own production plant. This is where SIG can offer an incredible opportunity.
SIGCUBATOR takes innovative start-up ideas on a ‘consumer-centric’ journey, from testing prototypes in SIG’s test centre in Germany, through to a successful launch to market. SIG is there to help at every step, giving expert advice, consumer-focused insights, and access to its extensive global network within the food and beverage industry.
SIG partnering with start-ups and co-manufacturers brings opportunities to all three parties: SIG’s expertise, filling capabilities, and industry network help talented start-ups launch innovative concepts, which can then be commercially filled at one of SIG’s co-packing partners. This creates space for further innovation to assure a speedy launch to market. For co-packers, such partnerships help them enter and experience new and attractive beverage categories and grow these innovative segments in the future. For SIG, working together with forward-thinking food and beverage start-ups is key to driving innovation and value creation.
Food and drink start-ups can apply now at www.sigcubator.com. All ideas are welcome – as the famous saying goes “mighty oaks from little acorns grow”. SIG can also be contacted directly at email@example.com after the closing date.