BP, ConocoPhillips and LeFrak all exited microbiome product developer Taxon Biosciences in an acquisition by DuPont.
Chemicals producer DuPont has agreed to acquire US-based microbiome technology developer Taxon Biosciences for an undisclosed amount in a deal that provides an exit to oil and gas companies BP and ConocoPhillips.
Founded in 2000, Taxon produces microbial genomics technology for use in the field of agriculture, energy and health sciences. DuPont will use the company’s microbial consortia and microbial genomics products to boost its seed treatment, foliar and soil application product range.
BP’s corporate venturing unit, BP Ventures, co-led…
