Unilever Partners With Biotech Startup Algenuity to Commercialize Microalgae Food
29 Juli 2020 - 3:41PM
Dow Jones News
By Sabela Ojea
Unilever PLC said Wednesday that it has partnered with biotech
startup Algenuity to investigate the future potential of microalgae
in food for its plant-based portfolio.
The Anglo-Dutch multisector retailer--which owns consumer brands
such as Ben & Jerry's ice cream and Dove soap--said that
Algenuity's focus is the development of microalgae for use in
consumer products and that the startup's research-and-development
team will collaborate with its foods-and-refreshment division to
commercialize microalgae-based food.
Shares at 1302 GMT were up 91.00 pence, or 1.9%, at 4780.00
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 29, 2020 09:26 ET (13:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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