PR97180

YICHANG, China, July 25, 2022 /PRNewswire=KYODO JBN/ --

Angel Yeast<https://en.angelyeast.com/> (SH600298), a globally listed yeast and

yeast extract manufacturer, has inked an agreement with Bejing PhaBuilder

Biotechnology Co., Ltd (PhaBuilder) in Yichang, Hubei province to build a large

manufacturing base for polyhydroxyalkanoates (PHA) in the city. The pair will

set up a joint venture company to drive the application of synthetic biology in

the biotechnology industry.

PHA is a polyester produced naturally by microorganisms. The biodegradable and

biocompatible properties of PHA make it highly sought-after in fields such as

biomedical material and biodegradable packaging material.

"This collaboration with PhaBuilder marks a milestone and a significant step

forward for Angel Yeast in synthetic biology. At Angel Yeast, we are very keen

on innovation and exploration of new landscapes in the industry. This project

is also part of our efforts to be an international and professional

biotechnology company," said Tao Xiong, chairman of Angel Yeast.

He added that the partnership is expected to forge a new venture in bioeconomy,

fuel innovation in synthetic biology, and drive the expansion of the global

market.

Guoqiang Chen, the founder of PhaBuilder, added that by working with Angel

Yeast on the initiative, major inroads have been made in converting technology

breakthroughs into industrial programs for synthetic biology.

"The new production line of PHA with the capacity of 30,000 tons will certainly

bring more advanced technologies, new services and products for the industry

and consumers. It will also create a 'greener' lifestyle. We are thrilled to

see it happen," said Chen.

In addition to synthetic biology, Angel Yeast has also been exploring

cutting-edge development in biological agriculture. According to the company,

it will be engaged in a project to produce animal feed through biological

fermentation. Angel Yeast will invest some 120 million yuan to build the

manufacturing center with an annual capacity of 50,000 tons.

The project is estimated to start in August 2022 and to be completed in

September the next year. One highlight of the project is that it uses

Distillers' Dried Grains with Solubles (DDGS) as one raw material to produce

yeast culture products. As a new category, yeast culture products will

diversify the company's animal nutrition products lineup.

About Angel Yeast

Founded in 1986, Angel Yeast Co., Ltd specializes in the production of yeast

and yeast derivatives. Its product range includes baker's yeast and

ingredients, Chinese dim sum and seasoning, savory yeast extract, human health,

animal nutrition, plant nutrition, distilled spirits and biofuels, microbial

nutrition, and enzymes.

SOURCE  Angel Yeast

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   Caption: Angel Yeast signs agreement with PhaBuilder