A novel cost-efficient hydroponic technology to grow high value plant roots for nutraceuticals, pharmaceuticals & cosmetics
Sector: Biomass • Location: Belgium
Source: EU Funding & Tenders Portal
Out of 391,000 plants known to science only 31,000 have practical applications. 18,000 are classified as medicinal plants, which means they have a documented medicinal effect. But only 150 plants are cultivated industrially. Medicinal plants are a huge global market, conservatively estimated at €70bn+ in 2015. Plant roots provide many of the important biologically active ingredients found in nutra
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | ended |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Out of 391,000 plants known to science only 31,000 have practical applications. 18,000 are classified as medicinal plants, which means they have a documented medicinal effect. But only 150 plants are cultivated industrially. Medicinal plants are a huge global market, conservatively estimated at €70bn+ in 2015. Plant roots provide many of the important biologically active ingredients found in nutraceuticals, pharmaceuticals, cosmetics, food additives & other products. Production of such active ingredients from plants (cultivated by horticultural means or harvested in the wild) is not sufficient to meet the growing market demand. New sustainable production methods revolve around in-vitro cultivation in bioreactors. The main limiting factor of the current solutions is the plant biomass growth rate. Existing bioreactors are unable to produce sufficient amounts of biomass & active ingredients at economically attractive speeds, limiting their use. Rhizomia from Botalys is a novel technology that enables a 2x faster biomass growth (reaching doubling time of 6-8 days for ginseng roots) and a 2-3x boost in active ingredient elicitation level (10-12% concentration of the top 7 ginsenosides instead of 4% concentration of the top 7 ginsenosides in harvested wild ginseng). There is an annual market of ~80,000 tons of dry ginseng matter, growing at ~8% per year. It is dominated by non-European producers. With Rhizomia we are able to produce best-in-class red (post-processed) ginseng with unmatched profile of ginsenosides—active ingredients. With Rhizomia-produced ginseng we are aiming to take 30-35% market share already by 2030 by building a large-scale production facility and putting EU back on the map of major ginseng exporters. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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