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DSM to invest to launch of US technology firm

April 07/2021

MOSCOW (MRC) -- DSM is investing USD100 mln to back the launch of Hologram Sciences (Chicago, Illinois), a consumer-facing health technology company, said the company.

Royal DSM, a global science-based company in nutrition, health and sustainable living, announced the launch of Hologram Sciences, a consumer-facing company that will create brands targeting various health conditions. By combining health diagnostics, digital coaching and personalized nutrition, Hologram Sciences brands will provide consumers with more holistic solutions to manage their health. The mission-driven company combines top Silicon Valley talent, formerly of Uber, Fitbit and Facebook.

Hologram Sciences is backed with a USD100 million investment by Royal DSM, which has made personalized nutrition a key pillar in its nutrition strategy, allowing the company to combine a range of capabilities and resources to cover the entire personalized nutrition value chain all the way to the consumer. Hologram Sciences will provide state-of-the-art consumer-facing personalized nutrition solutions that have been clinically proven to address a variety of consumer health needs. As solutions are validated in-market, they will be available to DSM customers. Hologram will also work to incubate products with DSM customers and partners, based on the latest consumer insights and leveraging their agile approach.

As per MRC, DSM agreed another collaboration in 3D printing, coming after deal last week with US firm Nexa3D. The latest collaboration is with Nedcam, which originated as a spinoff from the Marine Research Institute Netherlands. Under that deal, Nedcam will offer Fused Granulate Fabrication (FGF) 3D printing, using DSM materials. The partners will also explore new applications in tooling, large-size and circular end-use parts.

As per MRC, Russia's output of chemical products rose in February 2021 by 5.3% year on year. Thus, production of basic chemicals increased year on year by 7.5% in the first two months of 2021. According to the Federal State Statistics Service of the Russian Federation, mineral fertilizers accounted for the greatest increase in the January-February output. Production of benzene dropped to 113,000 tonnes in February 2021, compared to 120,000 tonnes a month earlier. Overall output of this product reached 241,000 tonnes over the stated period, down by 7.5% year on year.
Author:Anna Larionova
Tags:petroleum products, compounding, compounds, petrochemistry, DSM, DSM Engineering Plastics.
Category:General News
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