Toyoda Gosei Invests in Friend Microbe Inc., a Startup Specializing in Wastewater Treatment Technology

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Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested* in Friend Microbe Inc., a startup out of Nagoya University that is growing a wastewater treatment business that uses microorganisms to reduce the waste produced in manufacturing processes.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, May 31, 2023
Information
Tags: 
Environment, Automotive Manufacturing, Professional Services, Manufacturing, Green Technology, Start-Up, Biotechnology, Food, Beverage, Health, Retail, Biophysical environment, Gosei, Mineral oil, Food industry, Nagoya University, Sewage treatment, Environmental remediation
Geotags: 
JAPAN, NORTH AMERICA, ASIA PACIFIC
⚠ partially generated by AI ↴
Organisation: 
TOYODA GOSEI, TOYODA GOSEI CO., LTD.
Stock Symbol: 
TOKYO:7282
Summary
Key Points: 
  • Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested* in Friend Microbe Inc., a startup out of Nagoya University that is growing a wastewater treatment business that uses microorganisms to reduce the waste produced in manufacturing processes.
  • The wastewater treatment system developed by Friend Microbe breaks down the animal and vegetable oils used in the food industry and elsewhere in a short time using microorganisms, and has proven effectiveness in cutting industrial waste oils by more than 90% and reducing offensive odors.
  • Application of the company’s technology is also promising for the breakdown of the oil content in difficult-to-treat industrial wastewater (mineral oil, etc.)
  • The minimization of waste by 2050 is one of Toyoda Gosei’s long-term environmental goals (2050 Environmental Challenge).


Toyoda Gosei Co., Ltd. (TOKYO:7282) has invested* in Friend Microbe Inc., a startup out of Nagoya University that is growing a wastewater treatment business that uses microorganisms to reduce the waste produced in manufacturing processes.

The wastewater treatment system developed by Friend Microbe breaks down the animal and vegetable oils used in the food industry and elsewhere in a short time using microorganisms, and has proven effectiveness in cutting industrial waste oils by more than 90% and reducing offensive odors. Application of the company’s technology is also promising for the breakdown of the oil content in difficult-to-treat industrial wastewater (mineral oil, etc.) on a level similar to plant- and animal-based oils.

The minimization of waste by 2050 is one of Toyoda Gosei’s long-term environmental goals (2050 Environmental Challenge). In collaboration with Friend Microbe, the company will seek practical application of technology to break down the mineral oil from steering wheel molding processes and mold cutting processes as it pursues sustainable manufacturing with a reduced environmental impact.

Profile of Friend Microbe Inc.

Name

Friend Microbe Inc.

Location

 

Nagoya Life Science Incubator (NALIC) 104

2-22-8 Chikusa, Chikusa-Ku, Nagoya, Japan

President & CEO

Junichi Kanie

Established

June 2017

Capital

JPY125 million

* The investment was made in April 2023 through the company’s Corporate Venture Capital Dept., a dedicated internal organization for corporate venture capital investments.

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