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Dole Sunshine Company (DSC) is partnering with the Singapore Economic Development Board (EDB) for its new corporate venture, Dole Specialty Ingredients (DSI). This new venture will focus on sourcing and transforming fruit side streams and unutilized fruit parts by repurposing them into high-value natural products like enzymes, extracts, seed oils and fibres. As a corporate venture, DSI will receive a boost by leveraging Dole Sunshine Company's backward-integrated supply chain. DSI will be led by Managing Director Weitze Ooi.

Over 20 per cent of fruits and vegetables produced globally are lost in the supply chain before they reach consumers. DSI was set up by DSC to reduce fruit losses at its source, by transforming such side-streams into specialty ingredients that can be used in the pharmaceutical, nutraceutical, cosmeceutical, food & beverages, and other industries.  

"We will transform all fruit losses and unutilized fruit side-streams into high-value, natural products for highly profitable, less volatile product categories through innovation. This way, fruit losses are upcycled instead of being left behind or sent to landfills. Singapore, being Dole Sunshine Company's global headquarters, could not be a better place to anchor our new Speciality Ingredients business, and we are privileged to have EDB's support as well as the partnership with A*STAR, on this journey," said Pier Luigi Sigismondi, president, Food and Beverages Group, Dole Sunshine Company.  

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