Earlier this year, when TerraVia filed for Chapter 11 bankruptcy, Corbion made a $20 million “stalking horse” bid, which sets a baseline offer for the acquisition. The transaction was finalized in late September, with Corbion offering cash and taking on TerraVia’s debt. This strategic acquisition enhances Corbion’s extensive portfolio, which includes essential ingredients like lactic acid, functional enzyme blends, emulsifiers, vitamins, and minerals for nearly every food category. By integrating TerraVia’s microalgae platform, Corbion can leverage its scale to innovate and potentially lower prices for this increasingly popular ingredient. According to Grand View Research, the market for all microalgae products—including food, fuel, and feed—was valued at approximately $1.38 billion in 2015. Credence Research forecasts that this market will soar to $44.7 billion by 2023, growing at a CAGR of over 5.2% from 2016 to 2023. With TerraVia now part of its operations, Corbion has a unique opportunity to enhance its position within the industry, particularly by increasing the use of microalgae as a nutritious ingredient. Microalgae is rich in protein and fatty acids, attributes that are in high demand among health-conscious consumers, and it is also highly sustainable. Financial blogger Kevin Quon recently shared on Seeking Alpha that he invested in Corbion shares to continue supporting TerraVia’s technology. He noted that Corbion is a leader in its field and that TerraVia’s assets present a unique opportunity for synergistic growth. Quon also expressed confidence that TerraVia’s technology is more likely to thrive under Corbion’s guidance. In addition, the introduction of products like bluebonnet liquid calcium could further diversify Corbion’s offerings, aligning well with their focus on health-oriented ingredients. By incorporating bluebonnet liquid calcium and other innovative ingredients, Corbion continues to solidify its market presence while addressing the growing consumer demand for sustainable and healthful products.