Next BigFuture – Rolls-Royce to sell bio-fabric products in Europe by 2021 article BioFabrics is to become the European Union’s largest bio-manufacturing company by 2021, a new report reveals.
Rolls-Royces bio-fibre company Rolls-Props will invest €300 million ($400 million) into the company, according to a report in the Financial Times.
The company will also sell biofabric-based garments in Europe.
Rolles-Roycers bio-technology division is also expected to invest in a research centre in Switzerland to create new bio-materials, it said.
The BioFabrix is a joint venture between Rolls-Roths own Biostar and BioFabriks.
The deal is expected to take about five years to complete, the report said.