Lulumon Partners With Genomatica For Bio-Nylon

Lulumon Athletica Inc LULU has partnered with Genomatica, a San Diego-based biotechnology company, to bring renewably sourced, bio-based materials into its products.
The move represents lululemon's first-ever equity investment in a sustainable materials company. The financial terms of the deal were not disclosed.
Under the partnership, the two parties will create lower-impact, plant-based nylon to replace conventional nylon, which is the largest volume of synthetic material currently used.
Genomatica uses biotechnology and fermentation to convert plant-based ingredients into widely used chemical building blocks, like those used to make nylon. These building blocks are converted to pellets and yarns.
Price Action: LULU shares are trading higher by 0.51% at $394.5 on the last check Wednesday.

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