Croda International are celebrating the official opening of their Centre of Innovation for Marine Biotechnology. The centre is based at Prince Edward Island's Nautilus Biosciences, a wholly owned subsidiary of Croda.
The ribbon-cutting event held at the Regis and Joan Duffy Research Centre at the University of Prince Edward Island, included senior representatives from Croda, as well as the President of UPEI, Dr. Alaa Abd-El-Aziz, Provincial Minister of Health and Wellness, Robert Mitchell, and members of PEI’s bioscience business and research community.
The acquisition of Nautilus in Q1 2018 and continued investment by Croda to establish the new Centre of Innovation for Marine Biotechnology in PEI will accelerate the company’s research and product development programme to identify sustainable, natural sources of functional ingredients for a broad range of personal, health and crop care ingredients for its global customers.
“Croda is a company that values innovation and invests in new technologies to deliver value to our customers today and in the future,” said Sandra Breene, President, Personal Care, Croda International. “The acquisition of Nautilus is part of our journey to expand from being a manufacturer of speciality chemicals into an organisation that embraces biotechnology as the answer to many of our customers and the consumer needs for new actives in a truly sustainable way.”
