Corbion is the global market leader in lactic acid, lactic acid derivatives, and a leading company in emulsifiers, functional enzyme blends, minerals, vitamins and algae ingredients. We develop sustainable ingredient solutions to improve the quality of life for people today and for future generations. For over 100 years, we have been uncompromising in our commitment to safety, quality and performance. Drawing on our deep application and product knowledge, we work side-by-side with customers to make our cutting edge technologies work for them. At Corbion, we live our brand promise "Keep creating", through our science, clear understanding of the markets we serve, and of course through our creative people. Corbion’s strategy and every aspect of our operations are built around advancing sustainability and applying high ethical standards, whether this relates to the management of our global supply chain, responsible procurement of our raw materials, or the safety and wellbeing of our people. In 2016, Corbion generated annual sales of € 911.3 million and had a workforce of 1,684 FTE. Corbion is listed on Euronext Amsterdam. Two lines of business At Corbion we distinguish between two lines of business, each with a different set of characteristics: Ingredient Solutions and Innovation Platforms. These business units are supported companywide by globally managed R&D, operations, and business support functions. Ingredient Solutions The Ingredient Solutions business unit focuses on our core business: ingredients for Food and Biochemicals. Food We are a global food ingredient supplier for leading food manufacturers. We strive to be the leader in keeping food tasty, consistent and fully safe from date of production to day of consumption. With our proven food solutions based on conscious choices, we work side by side and empower our customers to grow and to create affordable food, in the markets of meat, beverage, bakery, confectionery, and dairy, that people love and can safely enjoy with their friends and family, just as we enjoy with ours. Biochemicals Our biobased chemicals offer improved functional performance, production efficiency, and safety for our customers. Manufactured from renewable resources, and using the most advanced and resource-efficient fermentation processes, our products provide a sustainable alternative to fossil-based chemicals for customers operating across a wide spectrum of industries, including medical biomaterials, plastics, pharma, electronics, home and personal care, agriculture, coatings, adhesives, solvents, and animal health & nutrition. We are constantly exploring opportunities to bring the benefits of our products and solutions to our customer’s applications. Innovation Platforms Our Innovation Platforms business unit creates new biotechnology business platforms. By using our own core technologies, stand-alone or combined with our partners' technologies, we drive growth via a disciplined stage-gate investment approach. Our 50/50 joint venture with Total for the production and marketing of poly lactic acid bioplastic (Total Corbion PLA) is part of this business unit. Our high- performance PLA resin can be used to make a bioplastic for a wide range of applications, ranging from (degradable) food packaging to touchscreen computers and durable automotive components. Innovation Platforms also comprises the succinic acid joint venture with BASF (Succinity) and our algae ingredients business, as well as our longer-term development projects such as FDCA, a potential replacement for purified terephthalic acid (PTA), our gypsum-free lactic acid process and the developments regarding the use of alternative feedstocks (lignocellulosic biomass, agricultural residues, or waste).