While we’ve been busy fleeing Hurricane Irma, it’s been a busy week for the techies running the Digest’s Very Large Gossip Array — the airwaves have been crackling as some familiar faces re-surface. Let’s review. Bayer, Ginkgo’s $100 Million Baby News just arrived from Germany that Bayer and Ginkgo Bioworks will create a new company […]
In California, Corbion has made a $20M stalking horse stock and asset purchase bid for TerraVia . The purchase agreement provides TerraVia with a binding bid of $20 million in cash along with the assumption of certain liabilities, which is subject to higher or otherwise better offers. As part of the transaction, Corbion will be […]
In California, TerraVia recorded revenue of $4.5M for Q1 2017 compared with $4.9M for Q1 2016. GAAP net loss narrowed to $22.6M for Q1 compared to $26.5M in Q1 2016. Excluding intercompany transactions, revenues from the 50.1% owned unconsolidated SB Oils JV totaled $2.9 million for the first quarter versus $1.1 million in the first […]
In Tennessee this week, NouriTech and its lead investors, Calysta, Inc. and Cargill, officially broke ground on a 37-acre Memphis feed production facility. The plant will be home to the world’s largest gas fermentation operation that will produce Calysta’s FeedKind® protein, a nourishing and sustainable feed ingredient for fish, livestock and pets, using its proprietary technology. […]
Over at our sister publication Nuu, we reported this week that TerraVia got a “generally recognized as safe” OK from the FDA for its long-awaited algae butter. It’s a palm-free, non-hydrogenated, vegan solution for bakery, spreads and confectionery applications. Algae Butter will be produced by the TerraVia and Bunge joint venture, SB Oils, and marketed […]
“One thought only preoccupies the submerged mind of Empire: how not to end, how not to die, how to prolong its era. By day it pursues its enemies. It is cunning and ruthless, it sends its bloodhounds everywhere. By night it feeds on images of disaster: the sack of cities, the rape of populations, pyramids […]
Headquartered in South San Francisco, TerraVia’s nutritional and industrial products can replace or enhance oils derived from the world’s three existing sources – petroleum, plants and animal fats. In their Q2 investor update, they shared this deck.
These days, we don’t call it algae, we call it nutritional superfood, and we don’t call our furry friends “pets”, we call them companion animals. I suppose to distinguish them from wild animals, work animals, and the ones we reserve for, er, eating. But it’s a good name. Companion as a word comes from the […]
In the world of consumer adoption, moda means fashion and fashion means change, and TerraVia’s new CEO Apu Mody arrives to warn companies in the food sector that the old days are over. “The days of companies talking one way to consumers, of the endless debates over ‘how do we educate the consumer?’ are well […]
At the outset of his historic Conquest, Cortés gathered the men and burned the boats. As TerraVia jettisons its break-out industrial product line and completes the pivot to Food, what lies ahead in the New World? Gromeko: They’ve shot the Czar. And all his family. Oh, that’s a savage deed. What’s it for? Zhivago: It’s […]
