DEINOVE received an award for its DEINOPLAST Program at the Worldwide Innovation Challenge organized by the French Public Investment Bank (BPI). DEINOVE located in Montpellier France is an industrial biotech company which develops innovative processes for the production of biofuels and bio-based chemicals, using Deinococcus bacteria as host strains.
It recently announced that it won the first phase of the second edition of the Worldwide Innovation Challenge in the category “Development of plant protein-based food products and plant chemistry projects” for its R&D program “DEINOPLAST” focused on the production of bio-based muconic acid. The prize is a subsidy of 200 000 Euros. 70% of this amount has already been paid to the Company.
This World Innovation Competition was initiated by the French government in 2013 to allow the emergence of innovative projects in strategic sectors in France. The DEINOPLAST program objective is the production of bio-based muconic acidvfrom biomass as a substitute to petroleum-based plastics and fibers.
Muconic acid is a chemical molecule whose derivatives – caprolactam, terephthalic acid, and adipic acid – are widely used in the plastics industries (in particular, automobile and packaging), and for the production of fibers for textile or industry (mainly nylon), and food (acidifying additives ).
Biobased muconic acid is a real alternative for the chemical industry because it could replace polluting petroleum-based industrial processes on very significant markets. There is a sizable demand for the production of bio-based compounds, for example in plastics for food or textiles.
The Worldwide Innovation Challenge has decided to support projects aiming at developing new methods for producing cost-competitive bio-based alternatives that can substitute for petroleum-based products, from the R&D required for optimization to the demonstration phase. This contest is complementary to existing R&D calls for projects, notably the “plant chemistry” AMI (Call for Expressions of Interest) of the “Investment for the Future” program (PIA).
Amongst six other laureates, the DEINOPLAST project has been rewarded for its scientific and technical quality, level of innovation, and their expected economic and societal benefits.
“We are extremely proud to have been selected by the Worldwide Innovation Challenge as a promising project for France. This award is recognition of the quality of our technology platform. It confirms our ambition to develop more responsible and sustainable production methods for various compounds and ingredients used in the formulation of everyday products,” said Emmanuel PETIOT, CEO of DEINOVE. “We are grateful for the support we receive from the State for our projects.”