DIC Invests in Sustainable Biotech Startup

In a strategic move, DIC Corporation invests in a US-based Biotechnology company Back of the Yards algae sciences (BYAS) Inc. BYAS is a sustainable food technology startup focused on developing innovative food colorants, food additives, biostimulants, and alternative proteins from biobased materials, notably algae and mycelia using their proprietary technology.

DIC has been one of the pioneers for Spirulina cultivation and also spirulina-derived edible pigment ‘Phycocyanin’ globally. Through this alliance, the companies claim to share algae mass-culture technology and functional component extraction technology to develop new products, further improve production efficiency, reduce waste, and improve sustainability through the effective use of natural resources.

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