NEWS 8 Alternative Proteins Magazine October 2024 Aerbio announces €50 million Series A fundraising plan for sustainability One of the pioneers in sustainable biotechnology, Aerbio announced its plans to raise up to €50 million in a Series A funding round, with the target close set for Q4 2024. This bold step forward will reportedly fund the construction of Aerbio’s cutting-edge demonstration-scale facility and expand the company’s revolutionary (R)evolve™ platform, setting the stage for fullscale commercial operations. Aerbio is at the forefront of biotechnology innovation, transforming simple molecules into valuable products without the need for arable land or fossil fuels. With its groundbreaking (R)evolve™ platform, the company points out it has unlocked the potential of microbiology to convert carbon dioxide and hydrogen into valuable products. Aerbio’s launching product is Proton™, a protein-rich ingredient poised to revolutionise food and animal nutrition industries. “Our ambition knows no bounds,” says Kaspar Kristiansen, CEO of Aerbio. “Our Series A round is a bold statement in our conviction in our plan and our relentless pursuit of breaking new ground in biotechnology. We’re not just building a company— we’re turning biotechnology on its head, paving the way for a sustainable future where sugar-free fermentation is a reality.” Read more>> Bühler and NRGene inaugurate insect center Bühler, the Swiss technology group, and NRGene Canada, a subsidiary of NRGene Technologies Ltd., an Israeli genomics company, celebrated the successful launch of the North American Insect Center (NAIC). The inauguration event, held at NRGene Canada's facility in Saskatoon, marks a significant leap forward in the production and optimization of insect protein in North America, the companies stated. The NAIC is designed as a research and demonstration center where customers can evaluate the performance of Black Soldier Fly (BSF) varieties tailored to their specific by-product streams. The cutting-edge facility is also dedicated to supporting investors in evaluating the economic viability of larger plants before committing to full-scale investment. According to the companies’ explanation, this innovative approach empowers businesses to make informed decisions, ensuring optimal efficiency and sustainability in protein production. The launch event featured a tour of the cutting-edge lab, showcasing the advanced capabilities of the NAIC. Attendees included Dr. Gil Ronen, CEO and Co-Founder of NRGene, Andreas Baumann, Head of Market Segment Insect Technology at Bühler, and Jeremy Harrison, Minister of Trade and Export Development. "Saskatchewan is continuing to attract innovative companies who are choosing to invest and grow their business in our province," Jeremy Harrison notes. "Our reputation as global leaders in agricultural and biotechnology is attracting record capital investment into the province. We're very proud to see the North American Insect Center join a growing list of cutting-edge institutions here in the province. This facility will create new skilled jobs and further position Saskatchewan as a center for alternative protein production research and a leader in global food security." Read more>>
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