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DEMETRIX AND EVONIK SIGN SUPPLY AGREEMENT FOR CANNABINOIDS

by PRWeb
April 5, 2022 11:30 AM | 3 min read



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Demetrix and German global specialty chemicals company Evonik, announce a supply
agreement for cannabinoids to be used in beauty and personal care products. The
first product, CBG (cannabigerol) will be entering the market in 2022.

BERKELEY, Calif. (PRWEB) April 05, 2022

Demetrix and German global specialty chemicals company Evonik, announce a supply
agreement for cannabinoids to be used in beauty and personal care products. The
first product, CBG (cannabigerol) will be entering the market in 2022.

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Coupling Demetrix's proven production technology and Evonik's leadership
position as a sustainable specialties partner to the top beauty and personal
care brands, this multi-year relationship focuses on bringing cannabinoids to
global markets.

"Evonik is a global leader in supplying innovative solutions to the beauty and
personal care markets in more than 100 countries," says Cynthia Bryant, Demetrix
CBO. "This partnership speaks to the growing demand for high purity cannabinoids
because of the benefits they can provide for consumers."

"Evonik Care Solutions is the sustainability specialties partner. Sustainability
drives our development of products and processes, and we are furthering our
mission by choosing solutions from biotechnology companies like Demetrix. The
industry-leading team at Demetrix and their deep experience in producing
bioactives sustainably complements our formulation and market expertise in
beauty and personal care," says Franck Michoux, Director of Strategy for
Cosmetic Actives Ingredients. "We are eager to work with Demetrix and bring more
of the over 100 cannabinoids to market."



Demetrix provides access to rare bioactive ingredients that its research has
shown to hold promise for health and wellness benefits. The company is initially
focusing on cannabinoids, a class of natural compounds that hold tremendous
potential for the health and beauty industry. Demetrix ingredients do not have
many of the common impurities found with plant extraction that can create
undesirable effects in consumer products.

For more information about Demetrix's bioactive products and sustainability
goals, visit http://www.demetrix.com.

For more information about Evonik's sustainability goals for the beauty and
personal care industry, visit http://www.evonik.com/personal-care.

About Demetrix
Demetrix is a biotechnology company that believes in the power of science to
make the world a better place. The company produces health and wellness products
backed by science, including rare, ultra-high purity cannabinoids for
pharmaceutical and consumer applications. Demetrix's team of industry-leading
experts has enabled the company to bring its first ingredient to market in less
than 5 years from startup – the fastest achieved in the industry. The company is
pioneering the study of the more than 100 rare cannabinoids and their
interactions with the human body. Demetrix is venture-backed and headquartered
in Berkeley, California.

About Evonik
Evonik is one of the world leaders in specialty chemicals. The company is active
in more than 100 countries around the world and generated sales of €15 billion
and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes
far beyond chemistry to create innovative, profitable and sustainable solutions
for customers. About 33,000 employees work together for a common purpose: We
want to improve life today and tomorrow. The focus of the business of the
Nutrition & Care division is on health and quality of life. It develops
differentiated solutions for active pharmaceutical ingredients, medical devices,
nutrition for humans and animals, personal care, cosmetics, and household
cleaning. In these resilient end markets, the division generated sales of €3.56
billion in 2021 with about 5,300 employees.



For the original version on PRWeb visit:
https://www.prweb.com/releases/2022/4/prweb18597787.htm


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