About my Start-up
EcoXtract is a science-driven team developing plant-based solutions for a safe, sustainable and affordable production of natural ingredients used for a variety of consumer products in food, feed or cosmetics applications (oils, plant-based proteins, natural extracts used as flavors, fragrances, colors…). Our ambition is to promote eco-extraction processes to reduce the use of toxic petroleum derivatives such as hexane in food & personal care value chains. We tailor to Oilseeds processing market (production of vegetable oils and plant-based proteins) and Natural Ingredients market (flavors & fragrances, colors, bio-actives…)
Why your idea is a “winner"?:
EcoXtract® represents a revolution in many ways for the oilseeds industry and the natural ingredients industry. It is the first time ever in the world that a 100% biobased product is recognized as solvent for use in food processing since the European Food Safety Authority gave its greenlight for its safe use as extraction agent in March 2022. The oilseeds processing industry and the natural ingredients market are actively trying to move away from using petrochemical solvents like hexane that are recognized as highly toxic for humans and the environment, but that are still used in large quantities in food and personal care chains.
What is your current or intended business/revenue model?:
Revenues will be generated via licensing EcoXtract® solution, producing and selling the plant-based solvent and providing services
Do you have any Patent or IP registered (related to the solution that you are looking for an investment)?:
Yes, two patents (granted and/or pending depending on the geopgraphical ares) are securing the use of our plant-based solvent in extraction applications.
Has your technology already been implemented in any field/sector?:
Yes our solution has been implemented in existing hexane-based facilities processing oilseeds accross Europe and North America and is currently being used in new product development (lab and pilot scales) by many natural ingredients companies.
Which market and customer need(s)/problem(s) is (are) your products(s)/service(s) going to solve?:
The Problem solved by our company is the following : How to substitute safely and sustainably the use of hexane extraction agent in a competitive way for the industry ?
Hexane being a petrochemical used in a 1 million tons per year worldwide as processing aid, of which 700 kT is released in the air and 300 kT in the food chain, which is a known neurotoxic and endocrine disruptor for operators in factories, found in residues in all foodstuffs, and with no viable alternative found in the past decades.
Our patented technology EcoXtract® - using a bio-based and safe solvent produced from non-food biomass - provides :
- High performance in extraction – equivalent to hexane
- Carbon footprint reduction using a bio-based material made from abundant biomass
- Elimination of toxic petroleum derivatives in the food and cosmetic chains
- A scalable and cost-competitive drop-in solution
- Proven safety for consumers and for workers
- Market differentiation with a bio-based and clean extraction solution justifying price premium
– >30y of experience in industrial experience in various roles – General Management, Production, Marketing – mainly within Lafarge and Minakem groups
– MSc from Polytechnique – Mines
– 10y experience in oilseeds industry (AVRIL group) and natural ingredients sector (Lesaffre) in various business development roles
– MSc from AgroParisTech and IFP Energies Nouvelles