(BRK.A), (BRK.B)
The Lubrizol Corporation has created an exclusive global partnership with Corbion Biotech, Inc, bringing AlgaPur(TM) high stability high oleic algae oil to the personal care and cosmetics markets.
Based in the Netherlands, Corbion is a global market leader in algae ingredients. This collaboration combines Lubrizol’s formulation experience and knowledge of the personal care market with Corbion’s innovative bio-based solutions and sustainable practices.
AlgaPur(TM) High Stability High Oleic Algae Oil is a unique algae oil with formulation and performance benefits for a diverse range of personal care applications. Key benefits include:
• Elegant sensory experience: Silky, non-greasy feel providing excellent hydration and ease of spreadability
• Stable for formulating: Superior oxidative stability with over 90% Omega-9 oleic acid, allowing for extended shelf life
• Mild formulations: Free from known allergens, low odor and neutral color
• Sustainable production: Palm-free, and produced with a low carbon, land and water footprint
Bio-based ingredients and sustainable solutions are a developing trend in the personal care industry, experiencing significant global growth. “This new collaboration allows our innovation teams to expand our formulation expertise, bringing innovative bio-based solutions with excellent performance attributes,” states Jean Claude Deneuville, global director agile businesses at Lubrizol.
“Working with Lubrizol provides the opportunity to expand access and adoption of AlgaPur(TM) High Stability High Oleic Algae Oil in the personal care market,” says Marc den Hartog, executive vice president of Innovation Platforms at Corbion. “Corbion’s unique algae oil ingredient is a versatile, new ingredient for formulators to help meet consumers demands for sustainable, traceable and high-performance products.”
Corbion is the global market leader in lactic acid, lactic acid derivatives, and a leading company in emulsifiers, functional enzyme blends, minerals, vitamins and algae ingredients. Corbion is a global player in personal care, offering natural, safe and cost-effective ingredients, widely known for its their emulsification, moisturizing, pH adjustment and antimicrobial functions.
In 2018, Corbion generated annual sales of € 897.2 million and had a workforce of 2,040 FTE.
© 2019 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.