While burping ruminants are one of the leading sources of methane emissions, surprisingly small sums—just $233m according to AgFunder data—have been pumped into startups tackling the problem over the past decade.
The firm will use the funds to scale up its production process, which it claims uses a fraction of the water and energy used by brands such as Quorn, with lower capital expenditure.
While a fair amount of work has gone into research on salt tolerant rice, there are “not many valid commercial options on the wheat side,” claims OlsAro.
The race is on to replace tropical and animal fats with alternatives boasting superior functionality and a reduced environmental footprint. But will oil-producing microbes ever be a scalable solution?
GROW accelerator startups Amatera and OlsAro are adopting approaches that both accelerate the breeding process for climate-resilient crops and ease their regulatory path.
Oatly has slashed full year forecasts and revamped its strategy in Asia after a weak performance in China and slower than expected progress in the US.
Oatly is “ready to play offense in 2023” with a new CEO, a return to promotional activity, and sequential improvements in its gross margin, says the loss-making firm.
If we’re being brutally honest, most plant-based cheese brands are over-promising and under-delivering, says the founder and CEO of alt dairy startup Stockeld Dreamery.
The Swedish biotech company will take its mycelium-based protein ingredient from prototype stage to commercial-scale production by 2023.
The Stockholm-based startup claims its platform has tracked over 8,000 suppliers, 250,000 products, and goods worth more than $12 billion to date.
The Swedish startup plans to add spreadable and melt-friendly products to its range of cheeses fermented from fava bean and pea protein.
Under-fire Oatly had accused the UK’s Glebe Farm, which produces an oat-based milk called PureOaty, of infringing its trademark rights.
Glebe Farm owner Phillip Rayner said that “although Oatly are much bigger than us, we do not believe we have done anything wrong.”
It’s aiming to build “the world’s largest algae factory” to supply raw material for a feed supplement that can reduce livestock methane emissions by up to 80%.
Oatly appears to fit squarely into an ESG portfolio for public market investors, especially in comparison to many companies being touted as ESG bets.
Stockeld Chunk is made from peas and fava beans and is the result of more over two years of R&D, co-founder Sorosh Tavakoli told the Future Food podcast.
Oatly expects to raise at least $100 million through its NASDAQ float, but may seek a further listing in Hong Kong depending on geopolitical and business considerations.
The Swedish startup – which recently filed for an IPO in the US – is building its first production facility in Asia to target China’s lucrative dairy products market.
The Swedish company has retained investment banks Morgan Stanley, JPMorgan Chase, and Credit Suisse to manage the offering, according to sources familiar with the matter.
VEAT, which sells plant-based meals out of its vending machines, is rolling out across Stockholm – with other European cities in its sights.
Sponsored
Sponsored post: The innovator’s dilemma: why agbioscience innovation must focus on the farmer first