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Monday, December 5, 2022News

L’Oréal and the French biotech, Microphyt, announce a strategic partnership

L’Oréal et la biotech française Microphyt annoncent un partenariat stratégique

L’Oréal and the French biotech, Microphyt, announce a strategic partnership in which L’Oréal’s venture capital fund, BOLD (Business Opportunities for L’Oréal Development), acquires a minority stake in Microphyt. L’Oréal is thus accelerating its transformation in Green Sciences area.

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This operation is part of L’Oréal’s Research & Innovation strategy in the field of Green Science, a proactive policy at the heart of the objectives that L’Oréal has set itself for 2030 as part of its sustainable development programme, with in particular the objective that 95% of its ingredients will be bio-sourced, from abundant minerals or from circular processes.

Microphyt, founded in 2007 and based in the city Baillargues (in the Hérault region), has developed a process with a low carbon impact to produce microalgae - microscopic plant organisms used in cosmetics, among other fields, for their active properties and functional qualities.

Thanks to this patented process and its control of natural stimuli (such as light, salt, nutrients, temperature variation, etc.) Microphyt is among the companies that produce, on a large scale and in a controlled manner, the widest varieties of microalgae in the world. Microphyt has an integrated platform that transforms the microalgae and thus develops natural and renewable ingredients that are perfectly aligned with L’Oréal’s sustainable ambitions.

L’Oréal and Microphyt will build a technological platform and will bring material and human resources together to create raw materials from microalgae biomass. The ambition of both companies is to establish …

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