Aquaculture and agribusiness marketplaces dominate Indonesia agrifoodtech investment this year, but climate tech needs more attention.
CH4 Global, a startup dedicated to slashing methane emissions from ruminant livestock using red seaweed-based supplements, has announced the first close ($29m) of a $45m series B round.
Hiringa Energy and Australian agricultural co. Sundown Pastoral Co have been awarded A$35.8m ($23.6m ) from the New South Wales government to build a green hydrogen and ammonia production facility that will slash carbon emissions from fuel and fertilizer.
Cibus Fund II has acquired greenhouse grower Duijvestijn Tomaten and launched a new platform for growing food indoors with renewable energy.
Corporate commitments around reducing food and ag emissions reductions have ballooned nearly 65% since the start of 2022.
Pre-seed funding will enable NZN to progress field trials for its biological alternative for farmers to synthetic nitrogen fertilizer.
Australian synthetic biology startup Number 8 Bio has raised A$1.8m ($1.2m) in a pre-seed round to fund a novel approach to cutting methane emissions from animal agriculture.
Nium will use the funds to develop its small-scale, low-energy-consumption system to clean up ammonia production’s dirty footprint.
Key barriers to widespread adoption are ‘not enough measurement and not enough funding’ for food waste solutions, says ReFED.
With its plug-and-play system, TablePointer hopes to enable small- and medium-sized enterprises to manage their energy cheaply and more efficiently.
Bayer and Microsoft will offer off-the-shelf digital tools to aggregate ag data and better track everything from plant growth to supply chain visibility.
Patagonia Provisions “fell in love” with Moonshot’s business, which is built around the concept of shorter supply chains and more traceable ingredients.
Unless it mitigates emissions, PepsiCo will miss its Science-Based targets for 2040 by 58%, according to think tank Planet Tracker.
The Fresh Field Catalyst program seeks solutions for climate challenges as they relate to the produce and floral industries.
Better Business Bureau’s National Advertising Division says despite initial committment, JBS does not show it “has a plan” to achieve net zero by 2040.
Biomaterials startup Loliware has already scaled its alt-plastic straw made from seaweed and will introduce other products in the near future.
Australia-based Loam Bio’s microbial seed inoculum could help farmers store more carbon in the ground and more easily enter carbon markets.
Climate biotech startup Living Carbon says its “photosynthesis-enhanced trees” can grow twice as fast as other trees and capture more carbon.
Agrifood corporates in particular could play a major role in restoring the world’s stock of natural resources — otherwise known as natural capital.
Through innovation, six major trends, from agrifintech to farm management software, are repositioning the sector and unlocking its game-changing potential.
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