Ingredient suppliers announce new partnerships, investments, ingredients for beverage applications
SweeGen launches new plant in Europe for production of non-GMO stevia sweeteners
Dallas-based Kali-Extracts Inc. (Kaly) highlighted “exploding” demand for its cannabidiol (CBD) extraction services. The company has begun harvesting its first hemp crop in New York signed under a consignment contract worth a potential $5 million, it says. With hemp harvesting season underway, Kaly uses a mobile extraction infrastructure and has the ability to go from farm to farm and extract the raw hemp oil on site before sending it to a lab for CBD extraction. The company’s CBD extraction services are currently focused in the Northeast, but the company plans to expand nationwide in 2020.
SweeGen Inc., Rancho Santa Margarita, Calif., announced that it has received an additional strategic investment from and led by Sumitomo Chemical, Tokyo, and private equity fund Outlook Investment Group. Part of the investment will support SweeGen’s expansion of an additional manufacturing site located in Europe with a capacity to produce 3,000 metric tons of non-GMO stevia sweeteners.