Danisco receives EIB loan for food and enzyme research

Danisco says it will obtain European Investment Bank (EIB) funding of EUR 120 million ($158.79 million) for research, development and innovation investments.

Under the terms of the loan agreement, the EIB will lend up to EUR 120 to part-finance investments at corporate research and innovation centers predominantly in Denmark, Finland, the UK and France.

Regarded as one of the sector's most innovative firms ranked by the proportion of new products as a share of total sales, Danisco's research is in line with the objectives of the European Union's "food for life" platform under the 7th framework program.

These objectives include developing an environmentally friendly production and distribution chain.

The loan will part-finance Danisco research and innovation from 2010 to 2014.