Home / Knowledge / News / Textiles / METabolic EXplorer announces H1 results
METabolic EXplorer announces H1 results
Sep '08
METabolic EXplorer, a biological chemistry company that specialises in the development of novel bioprocesses for the production of chemical compounds used in a wide range of everyday products - paints, solvents, adhesives, textile fibres and dissolvable surgical thread - announced its half year financial results for the six month period ended 30 June 2008.

During the past six months, METabolic EXplorer has continued the development of its unique offering of bulk chemical compounds derived from “Biological Chemistry”.

Industrial property:
• Filing of a new patent family covering the production by fermentation of 1.2 Propanediol (MPG), bringing the Company's total number of patent families up to 26.
• Filing of 36 new patent applications, bringing the Company's total number of patent applications up to 162.

Ongoing developments: significant advances
• Glycolic acid: Our partner moved the product to the industrial pilot phase
• Methionine: achievement of a performance level in the Methionine project, enabling our partner to start the industrial pilot phase
• 1.3 Propanediol (PDO): Production of the first product samples with purity in excess of 99.5%. These samples were produced using industrially-produced glycerol as the feedstock
• Butanol: Move into the industrial pre-pilot phase.

Continuing increase in workforce size
• The Company employed 84 people at the end of June 2008, compared to 68 at the end of December 2007.
• 86% of the Company's staff work in R&D, of which 13 people are focused on process industrialisation.

RESULTS to 30 June 2008
In the January to June 2008 period, METabolic EXplorer achieved revenues up 15.7% to €1.03 million.

METabolic EXplorer recorded € 0.76 million in subsidies over the period, an increase of 64% compared to the six month period ended 30 June 2007. Subsidies relating to products under development originated in particular from:
• The French National Research Agency (ANR) for the MPG and Butanol projects,
• The French Industrial Innovation Agency (A2I) for the Glycolic Acid project.

Operating expenses:
Operating expenses in the first half of 2008 totalled € 4.92 million, up 71% compared to HY1 2007. This is due to the expansion of the Company, both in R&D and other areas.

R&D investments, which represent METabolic EXplorer's most significant operating cost, recorded a year-on-year increase of 71% to € 3.05 million. This was due to the strengthening of the Company's metabolic engineering resources, the setting up of the industrialization team and the gradual development of the pre-pilot production facility.

These R&D expenses were offset by the € 2.53 million capitalisation of R&D costs (compared to € 1.29 million in HY1 2007). This capitalisation of R&D reflects the value of the intangible assets created by METabolic Explorer as its products continue to advance.

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search