Analyst visit to biorefinery at Pomacle
On 13 September 2019, Givaudan welcomed 34 investors and analysts to its ‘white biotechnology’ Centre of Excellence at Pomacle in France, where active cosmetic ingredients are researched, developed and produced.
The active cosmetic ingredients industry is today worth CHF one billion worldwide and Givaudan is growing quickly in the sector, aiming to reach CHF 100 million by 2020.
Laurent Bourdeau, Head of Active Beauty, hosted the analysts’ visit and gave a presentation on the business and its capabilities.
“It was very encouraging to see the level of interest and understanding by the analysts of what we do at Givaudan Active Beauty and specifically at Pomacle, which is essentially the fusion of science and nature to deliver high performing solutions to our customers, in a sustainable way by optimising the use of the renewable biomass available locally,” he said after the tour.
‘White biotechnology’ is the development of manufacturing processes that do not rely on traditional chemistry and which carry the added benefit of enabling cosmetic scientists to design hard-to-make molecules. The biorefinery at Pomacle, also known as the European Biorefinery Institute, is a unique model of circular economy, integrating physical and bio-conversion processes and equipment to produce fuels, power, heat, and value-added bio-sourced molecules from local biomass. It is Europe’s highest-capacity biorefinery and operates 24 hours per day, employing 1,200 people.
Givaudan is the global leader in the creation of flavours and fragrances. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavours and fragrances that ‘engage your senses’. The Company achieved sales of CHF 5.5 billion in 2018. Headquartered in Switzerland with local presence in almost 150 locations, the Company has more than 13,500 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
For further information please contact
Peter Wullschleger, Givaudan Media and Investor Relations
T +41 22 780 9093