On the left is Yan Xiaolin, CEO of Xinghuipin, and on the right is Yoon Seok-hwan, CEO of CJ CheilJedang. (Provided by CJ CheilJedang)
CJ CheilJedang announced on the 22nd that it has signed a technology license agreement for lysine, a feed-use amino acid product, with Chinese state-owned enterprise Xinghuipin (星湖伊品). Under this agreement, CJ CheilJedang will grant Xinghuipin an exclusive license in China to use its lysine strains. Xinghuipin is a global bio-fermentation company that produces amino acids, food additives, and fertilizers.
CJ CheilJedang plans to maximize synergy by combining its differentiated lysine fermentation and strain process optimization technology with Xinghuipin’s large-scale production capacity and global market network. The two companies plan to continue their cooperation in the fields of biotechnology and bio-fermentation technology going forward. Yoon Seok-hwan, CEO of CJ CheilJedang, said, “This collaboration goes beyond a simple technology license agreement and is meaningful in that the two companies have jointly laid a solid foundation for the sustainable growth of the amino acid industry.”
Nam Hye-jeong
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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