NEWS FEED & ADDITIVE MAGAZINE May 2023 17 Finland-based Valio will invest in eniferBio, a company with the technology to convert agricultural, forestry and food industry side streams into PEKILO® mycoprotein, a high-protein ingredient, for global food and animal nutrition markets. The funding will enable eniferBio to significantly scale up production of the domestic, sustainably produced PEKILO® mycoprotein powder. In addition to Valio, the Dutch Aqua-Sparks, and the Finnish Tesi, Voima Ventures and Nordic Foodtech VC also took part in eniferBio’s Series A round of financing. Global protein consumption is estimated to double by 2050. The UN predicts the global population to grow to 9.7 billion by 2050, according to the 2015 population projection. As the food demand grows, it also must be produced with half of today’s emissions. That means new alternatives are needed to secure the protein demand in the production of food and animal nutrition. “Alongside traditional food production, we need new, circular economy-aligned ways to produce food. Food produced through cellular agriculture will play a significant role in future food production. The animal nutrition industry’s need for sustainably produced protein is also growing. eniferBio is the leading expert in its sector and has developed new ways to utilise the food industry’s side streams in the production of protein. We are excited to be more actively involved in the development of new means of food production for the globally growing demand,” said Valio’s Tuomas Salusjärvi, Executive Vice President, Growth Business and R&D. Read more>> Valio to invest in eniferBio to increase mycoprotein production MiAlgae launches omega-3 product for fish feed and pet food Leading biotech company MiAlgae has officially launched its omega-3 product NaturAlgae to market thanks to recent expansion of its commercial production site in Scotland. MiAlgae recycles the co-products from the Scotch Whisky industry, like pot ale, as a feedstock to grow omega-3 rich microalgae which can then be used as a nutritious fish feed and pet food ingredient. The company’s pioneering manufacturing process aims to reduce global reliance on billions of wild-caught fish, the traditional source of omega-3. Following the installation of eight new bioreactors north of Glasgow, MiAlgae will soon be producing 100’s of tonnes of nutrient-rich omega-3 powder per year. NaturAlgae is a dry powder with a high concentration of DHA and other oils. This powder can easily be added to recipes for pet food and aquafeeds, providing the well-known health benefits that omega-3 provides. This is the beginning of an exciting new phase for MiAlgae, which has headquarters in Edinburgh, as it continues to develop commercial relationships with customers across the petfood and aquaculture sectors. With final commissioning underway, the vessels will enable MiAlgae to boost production capacity almost immediately with a growing waiting list of customers. Read more>>
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