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.