The joint venture aims to bring zero-calorie, cost-effective sweeteners to market faster.
Minneapolis-based Cargill and Royal DSM, Heerlen, the Netherlands, said they are establishing a joint venture, Avansya, to bring zero-calorie, cost-effective sweeteners to market faster. Together, the companies will produce highly sought-after sweet-tasting molecules such as steviol glycosides Reb M and Reb D through fermentation, giving food and beverage manufacturers an even more scalable, sustainable and low-cost-in-use solution than if these same molecules were extracted from the stevia leaf.
The new venture will combine both companies’ technologies for producing steviol glycoside products made through fermentation and will market its products under one brand name, EverSweet. The joint venture will be a 50-50 partnership between the two companies. The establishment of the joint venture is subject to regulatory approvals and other customary closing conditions, the companies said, but is expected to be finalized in the first calendar quarter of 2019.