BOSTON, Sept. 23, 2016 /PRNewswire/ -- Ginkgo
Bioworks today announced that it has signed an agreement with
Archer Daniels Midland Company (NYSE: ADM), one of the world's
largest agricultural processors and food ingredient providers, to
develop custom strains of microorganisms that will be used to
produce a key cultured ingredient.
"ADM's expertise in ingredients and customization is
unparalleled," said Jason Kelly,
co-founder and CEO of Ginkgo Bioworks. "With our bioengineering
resources, we are excited to offer them a more affordable and
sustainable way to produce these ingredients and continue to
educate the market about what is possible."
Ginkgo Bioworks is rapidly expanding to deliver designer
organisms to customers across a range of industries, including
cosmetics, nutrition, flavors, fragrances, insect control, AgBio,
sweeteners and others. They recently closed a $100 Million C round of financing, which is
enabling growth of their organism engineering foundries, where new
strains are prototyped for customers. These strains produce
cultured ingredients in a process similar to a microbrewery.
"As our customers work to develop new, unique products to meet
consumer demand, they rely on ADM to provide innovative ingredient
and formulation solutions throughout the process," said
Todd Werpy, Senior Vice President
and Chief Technology Officer of ADM. "Partnerships with companies
like Ginkgo Bioworks elevate our ability to be an ideal
problem-solving partner for our customers, and we are excited about
the possibilities this new agreement will create."
About Ginkgo Bioworks
Headquartered in Boston, Ginkgo
Bioworks uses the most advanced technology on the planet—biology—to
grow products instead of manufacture them. The company's technology
platform is bringing biotechnology into consumer goods markets,
enabling fragrance, cosmetic, nutrition, and food companies to make
better products. For more information, visit
www.ginkgobioworks.com.
About Archer Daniels Midland Company (NYSE: ADM)
For
more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve the
vital needs of a growing world. Today, we're one of the world's
largest agricultural processors and food ingredient providers, with
more than 32,300 employees serving customers in more than 160
countries. With a global value chain that includes 428 crop
procurement locations, 280 ingredient manufacturing facilities, 39
innovation centers and the world's premier crop transportation
network, we connect the harvest to the home, making products for
food, animal feed, industrial and energy uses. Learn more
at www.adm.com.
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SOURCE Ginkgo Bioworks