RDIF, Marubeni and AEON to collaborate in Russian biotechnology sector
Vladivostok, September 5, 2019 - The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, Japan’s Marubeni Corporation and AEON Infrastructure Corporation have agreed to jointly collaborate in the Russian biotechnology. The agreement was signed today at the Eastern Economic Forum.
The utilization of the technology of Giprobiosintez LLC is the parties’ first joint project in biotechnology. The company's unique scientific developments in the synthesis of bioprotein from natural gas are used in agriculture, food production, medicine and cosmetics.
In particular, Giprobiosintez’ technologies are used in the production of quality feed ingredients, which helps to improve livestock productivity and substitute foreign equivalents to eliminate the shortage of quality feed supplements in Russia’s domestic market.
The company’s closed-loop production cycle also enables it to produce emission-free biofertilizers.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:
“Giprobiosintez’s innovative solutions are successfully used in the Russian market and have strong export potential, surpassing international competitors’ products by a number of indicators. We expect the support from RDIF and its partners to help the company bring its products and solutions to the global market stimulate further scientific research and expand the scope of application of Giprobiosintez technologies to new sectors of the Russian economy”.
Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 70 projects with foreign partners totaling more than RUB1.5 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 15 countries that total more than $40 bn. Further information can be found at www.rdif.ru
AEON Infrastructure Corporation is a large private international investment and industrial group that implements long-term, integrated projects in the fields of industry, transport, construction and professional services. Further information can be found at www.aeoncorp.ru
Marubeni Corporation is one of the largest industrial and trade conglomerates in Japan with assets in a number of sectors of industry and commerce, including power plants projects, food, consumer products, chemical & forest products, energy and metals, and transportation and industrial machinery.
For additional information contact:
Russian Direct Investment Fund
Tel: +7 495 644 34 14, ext. 2395
Mobile: +7 916 110 31 41
Andrew Leach / Maria Shiryaevskaya
Tel: +44 (0) 20 7796 4133