Kiverdi, Inc.

Kiverdi Extends Ongoing Collaboration with Procter & Gamble with EU Grant to Propel Sustainable Fabric Care, Home Care, and Beauty Care Innovation. 7th of February 2024 Kiverdi, a dynamic company at the forefront of CO2-Tech innovation, is excited to announce the extension of their ongoing collaboration with Procter & Gamble (P&G) under an EU Grant from the European Union. This grant will further accelerate their joint efforts in reshaping the Fabric, Home, and Beauty care industries by creating sustainable raw materials. The project symbolizes their shared vision of establishing net-zero supply chains. Building upon their established collaboration, Kiverdi is committed to pushing the boundaries of innovation and sustainability in partnership with P&G. At the core of this initiative lies CO2-Tech, a groundbreaking technology that exemplifies their dedication to transformative practices aligned with the environmental goals of the European Union. Marcello Somma, Chief Operating Officer at Kiverdi, affirms "Our partnership remains rooted in a shared commitment to sustainability, with a focus on creating net-zero supply chains that have a lasting positive impact on our industry and the environment”. Sergio Barbarino, Senior Director of Fabric & Home Care Open Innovation at P&G, states “P&G was founded after a crisis prompted company founders to merge their businesses in search of an alternative affordable source of fat to produce both soap and candles. Almost two centuries later, we find ourselves at a similar crossroads where we need to identify cost-effective materials with low carbon footprints. We recognize that a diverse range of approaches is needed because there is no one-size-fits-all solution across the portfolio of ingredients used. In this Wood-to-Wood grant, we seek to explore with Kiverdi the potential of breakthrough biotechnologies that provide materials from sources such as wood and agricultural waste and direct CO2 capture”. As the project evolves, Kiverdi and P&G aim to demonstrate the potential of long-term collaborations between innovative startups and industry leaders in driving meaningful change toward a more sustainable and resilient future. About Kiverdi Kiverdi Labs is remaking how everyday products are made through our unique carbon transformation process that sets a new bar in the circular economy. Using NASA-inspired technology, we address key supply chain challenges from price volatility, and land and water usage to overall efficiency. From carbon-negative proteins to CO2 aquafeed to pet food and more, Kiverdi is revolutionizing the world of today’s everyday products. For more information, contact Kiverdi Media Relations at [email protected].