Diversa and Bunge Oils Collaborate to Develop Novel Enzymes for Enhancing Production of Edible Oil Products
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Diversa Corporation and Bunge Oils, Inc., a part of Bunge North America, have entered into an agreement to discover and develop novel enzymes optimized for the production of edible oil products with enhanced nutritional or health benefits. Edible oil products include bottled vegetable and cooking oils, shortenings, margarines, and other products derived from the processing of soybeans, corn, rapeseed and other oilseed plants.
Under the terms of the agreement, Diversa is responsible for discovering, optimizing, and manufacturing enzymes, and Bunge is responsible for commercializing oils using new enzyme-enabled processes. Diversa has received an upfront technology access fee and will receive full research funding for its enzyme discovery and development activities under the project. In addition, Diversa is eligible to receive milestone payments for successful enzyme development activities as well as royalties on products that may be commercialized.
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