Dive Brief:
Dive Insight: With significant modifications to its business model, Corbion aims to focus on areas projected for growth while eliminating those that no longer align with its objectives. CEO Rigaud emphasized that “sustainability is at the core of our operations,” as Corbion seeks to leverage the global movement towards developing more sustainable products and solutions. The company has aligned its strategy with the United Nations’ Sustainable Development Goals, identifying zero hunger, good health and well-being, and responsible consumption and production as key areas where it can make a substantial impact.
In an interview with Bioplastics News, Rigaud indicated a shift in the business model late last year. He expressed that the company’s sustainability initiatives resonated with his personal beliefs, which motivated him to join Corbion as CEO last August after holding leadership positions at plant extracts companies Tate & Lyle and Naturex. He also pointed out that while many companies claim to prioritize sustainability and social responsibility, few genuinely follow through.
One of the factors that “attracted me is the growth potential of the company. I saw numerous opportunities to elevate Corbion to the next level. Significant investments are on the horizon,” he conveyed to Bioplastics News. According to the company’s strategic update, Corbion plans to allocate over 4% of its sales to R&D to foster growth. The company anticipates launching a lactic acid plant in Thailand by 2023, designed to operate “at the highest sustainability standards and lowest costs.” This facility will produce biodegradable polylactic acid derived from renewable resources such as corn starch or sugar cane.
Additionally, Corbion runs an algae factory in Brazil that is fully integrated with Bunge’s sugar facility. Rigaud mentioned that the electricity required for the plant is generated from burning the residues of the sugar factory. This cooperative production model could enable both companies to minimize costs and maximize the use of available raw materials.
Corbion is also pursuing other innovative ventures. Just last month, the company unveiled a powdered ingredient designed to replace traditional salt curing in fish. This product reportedly merges the flavor and functionality of salt with the antimicrobial properties of vinegar to help inhibit listeria and extend shelf life.
With a focus on sustainability, natural food preservation, and trending ingredients such as algae, Corbion appears well-positioned for future success, with hopes that this strategic shift will result in accelerated growth for its business. Moreover, as they explore how “can you crush calcium citrate” can enhance their product lines, the integration of such innovations may further strengthen their market presence.