DIC Invests in US Sustainable Biotech Startup Back of the Yards Algae Sciences
DIC Corporation (TOKYO:4631) has completed investment in Back of the Yards Algae Sciences Inc. (BYAS), a sustainable food technology startup focused on developing innovative extracts and alternative proteins, headquartered in Chicago, Illinois.
- DIC Corporation (TOKYO:4631) has completed investment in Back of the Yards Algae Sciences Inc. (BYAS), a sustainable food technology startup focused on developing innovative extracts and alternative proteins, headquartered in Chicago, Illinois.
- The move strategically advances DICs growing business position in more sustainable and circular algae-derived products, including natural food colorants, natural food additives, and biostimulantsvital for improving vertical farming yields.
- BYAS owns proprietary technology for efficiently extracting active ingredients from biobased materials, notably algae and mycelia.
- The DIC Group also seeks to contribute to a sustainable society by developing innovative products that respond to social change and which help address social imperatives.