Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


Expansion of SiliCycle: a $ 15 million investment
for its plant extension and the diversification of its activities


Not only will this expansion allow SiliCycle to increase the production capacity of currently marketed products (in more than 85 countries at this time), but will also enable the development and production of plant, forest, marine biomass extracts via a new Extraction-Purification technologic platform.
These ingredients can also be purified to pharmaceutical grade and scale, pharmaceutical companies being SiliCycle's main customers.

The expansion project includes, among other things, the addition of numerous specialized equipment and large-scale production area (CMO) that complies with good manufacturing practices (GMP).

Thus, ingredients such as CBD / THC molecules, polyphenols, omega-3, and purified extracts and ingredients addressing the pharmaceutical, food, nutraceutical, natural health products industries, animal nutrition, and cosmetics will be marketed.
SiliCycle plans to double its turnover in 2020, on the occasion of its 25th anniversary.

In the short term, this important investment will allow the creation of about 50 highly specialized positions (PhDs in chemistry, engineers, laboratory technicians...).

https://www.silicycle.com/articles/cat/news/post/expansion-silicycle-15-million-dollars-investment-plant-extension-diversification-activities


Publisher Contact Information:

SiliCycle Inc.
4188740054
genevievegingras@silicycle.com

Past press releases of SiliCycle Inc,.

Data


26,673
Tech investments
From our Online Data Service
17,217
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Nov 25€24.0MInternet commerce
Feb 14€19.0MBiopharmaceuticals
Feb 14N/AInternet services
Feb 14€4.6MBusiness applications
Feb 13€13.0MBiopharmaceuticals
Feb 13€25.0MMedical devices
Feb 13€15.0MBusiness applications

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


May 28
Identiq
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
Nethone
nethone raised over $1 million from innovation nest

Jan 29
Yumpingo
yumpingo raises $10m to transform guest experiences in restaurants

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase





About usContact usLegal Information
Copyright 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.