Thursday, May 19, 2016

19/05/2016: Unibio signs its first commercial licence agreement

After years of development of its U-Loop technology, Unibio is ready to take a giant step forward. Unibio has signed its first licence agreement with a commercial client.

A full-size commercial plant having multiple U-Loop fermentors is planned for construction and commissioning in 2017. The aim of the agreement is to expand this capacity in the following years. Unibio has received an attractive upfront payment and is further incentivised by an attractive revenue stream in the years to come following successful commissioning of the plant. A revenue stream expectedly counted in millions of dollars over the next ten years. The aim is to supply the European and Russian markets with Unibio’s premium protein product UniProtein®.
The megatrends are very clear. The world needs sustainable solutions to the food challenge of the century. How can we feed a growing world population when agricultural land per capital is decreasing? And how can we do it in a sustainable way without destroying the planet? Part of the solution lies with Unibio. Converting methane to food, using a cheap and abundant resource as natural gas, is key to solving this challenge – basically what Unibio does is to integrate the energy and food systems to address this challenge.

Henrik Busch-Larsen, the CEO of Unibio, says: “We recently had a ground-breaking ceremony in Kalundborg, Denmark, where we are constructing a demonstration and production plant, and we are of course very excited to announce the construction of a large commercial plant already”.

Unibio inaugurated its pilot plant located at the Chemical Engineering department of the Technical University of Denmark (DTU) in October last year, where the Danish minister of Energy, Climate and Utilities, Lars Chr Lilleholt, was a key-note speaker.

Shortly after, the company won the Ernst & Young competition Entrepreneur of the Year within the Life Sciences category. The new partner, participating in the event, sees the collaboration with DTU as a very strong asset. In general Denmark holds great expertise within fermentation technology, and DTU works in close cooperation with large Danish companies within the fermentation industry, such as eg Novozymes and Novo Nordisk.

Henrik Busch-Larsen, the CEO of Unibio, continues: “We see the collaboration with this new partner as a natural step forward in the development of the company and technology and thus welcome our new partner into the Unibio family. We look forward to the construction of the plant and to bringing our premium protein product UniProtein® to the market. The coming months are going to be very exciting for the company”.      

Visit the Unibio site HERE

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