Bayer and Ginkgo form joint venture on microbial nitrogen fixation
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Last Update: 2020-06-20
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Source: Internet
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Author: User
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Bayer announced on September 14th that bayer's life sciences center business has formed a new company with bio-company Ginkgo BioworksThe new company will focus on improving fertilizer efficiency, reducing nitrogen use, and investing more details through the use of bio-solutions, which Bayer and Ginkgo Bioworks have not disclosedthe deal is funded by $100 million from Bayer and Virgin Global InvestorsBayer-Gingko plans to employ about 50 people, with offices at the Ginkgo Boston plant and Bayer's Crop Biologics Inspection Office in Californianew company's business will focus on plant parasitic microbes, focusing on microbial nitrogen fixation pathways that help crops and soils fix the atmosphere and other sources of nitrogenThe goal of the study is to study microbes in crops and soils more widely, using the nitrogen fixation of microorganisms to reduce fertilizer inputspreviously, Gingko Bioworks introduced additives such as animal feed fragrances and sweeteners through microbial developmentBayer's fifth largest investment in life sciences was made in December 2015 with a total investment of $650 millionBayer is currently pushing ahead with its $66 billion acquisition of Monsanto, which is set to further boost Bayer's growth in the bioproduct sector
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