Deinove reaches first milestone with Deinococcus-based products

In France, Deinove announced it has reached the first milestone of its Deinochem green chemistry program, funded by the ADEME (French Environment and Energy Management Agency) in the framework of the French government initiative “Investing for the Future.”

Consequently, Deinove will receive, in early February, approximately $1.12 million in the form of a repayable advance.

The Deinochem program aims to develop new industrial processes to produce intermediates or specialty chemicals from renewable resources by improving the performance of Deinococcus bacteria. The goal is to offer alternatives to products usually derived from petroleum or extracted from plants with low yields, for perfumeries, cosmetics, food and feed. The first molecules produced are aromatic ingredients, antioxidants and / or high-added value pigments, representing a market of hundreds of millions of dollars worldwide.