Germany’s Leading Meat Processor Tönnies Group Invests in Mycoprotein Producer Nosh.bio
Giant slaughterhouse Tönnies Group, Germany’s leading meat processing company, has made a strategic investment (undisclosed) in the mycoprotein producer Nosh.bio. Co-owner and managing director Max Tönnies, who has assumed leadership from his father, the billionaire Clemens Tönnies, made the announcement yesterday, which the local media have extensively covered. Despite the stagnation of the plant-based meat market, Spiegel reported that the group aims to double its turnover in the alternative proteins sector …
Mycorena Acquired by Biomass Fermentation Firm Naplasol, Member of Animal Protein VEOS Group
After facing significant financial challenges, mycoprotein pioneer Mycorena filed for bankruptcy earlier this year, seeking new ownership to build upon its innovations and market presence. Today, Naplasol, a VEOS group member, announces the acquisition of the Swedish company. Naplasol specializes in biomass fermentation to produce mycoproteins and offers various ingredients for food applications. VEOS Group, founded in 1974 and headquartered in Belgium, is a global leader in the animal protein …
LATAM’s Mycoprotein Innovator ‘Typcal’ Secures R$250K From Brazilian Government
Brazil’s Typcal, a startup pioneering mycoprotein in Latin America, has been selected by the Paraná Anjo Inovador to receive R$250,000 in funding. A spinoff of Fungi Biotechnology, the startup was founded in 2021 by bioprocess engineer Eduardo Sydney (CTO) and food industry entrepreneur Paulo Ibri (CEO) to leverage biomass fermentation to develop a mycoprotein ingredient for food applications. Typcal was one of the 68 selected in the program’s first call …
MAASH to Launch First Mycoprotein Factory in France Following Metex NOOVISTA Acquisition
Belgian biotechnology startup MAASH announces it has acquired the French biotech Metex NOOVISTA to launch what it claims will be France’s first mycoprotein factory and its first European production plant. Metex NOOVISTA, a METEX Group subsidiary, specializes in fermented functional ingredients. Its factory is in Carling, on the Chemesis industrial platform in Saint-Avold, at the heart of the Grand Est region and the Moselle Department. Under the expertise of CEO …
Mycorena Files for Bankruptcy, Seeks New Ownership to Continue Pioneering Mycoprotein Ingredients
In a sad turn of events, Sweden’s Mycorena, a producer of mycoprotein, has filed for bankruptcy after facing significant financial challenges. The company says it made considerable efforts to overcome these difficulties, including pausing the construction of a large-scale facility and pivoting to a strategic business model. The mycoprotein pioneer also announced that it aims to restructure under new ownership to preserve and build upon its innovations and market presence. …
The Better Meat Co. Receives FDA GRAS ‘No Questions’ Letter for Rhiza Mycoprotein
California’s The Better Meat Co. (BMC), a B2B supplier of mycoprotein, announces that it has received the FDA’s “no questions” letter, confirming that its Rhiza mycoprotein, derived from the mycelium of the fungi genus Neurospora crassa, is generally recognized as safe (GRAS) for human consumption. BMC now joins Quorn, ENOUGH (we have yet to verify on this count), and Nature’s Fynd in receiving FDA support for such ingredients, according to …
Mycorena Pauses Large-Scale Mycoprotein Facility: “Investors are Hesitant to Back Projects with Heavy Capital Requirements”
Pioneering mycelium-based solutions company Mycorena announces it is discontinuing its large-scale factory project in Sweden for Promyc, its flagship mycoprotein ingredient. Planned in 2022 and designed with Tetra Pak, the large-scale production factory aimed to supply the then “booming” plant-based market with volumes of mycoprotein: 5,000 tons by the end of 2023, with a total production volume of up to 100,000 tons in multiple stages. Despite significant growth and raising …
The Better Meat Co. Slashes Mycoprotein Cost, Targeting Price Parity with Beef
California’s The Better Meat Co., a B2B company harnessing biomass fermentation and fungi to make sustainable alternatives to animal proteins, announces it has “dramatically” reduced the cost of its flagship ingredient, mycoprotein Rhiza. The Better Meat Co. (BMC) explains it has achieved 100 successful harvests from its large-scale 9,000 L fermentation system at its Sacramento pilot plant. This large-scale production has significantly reduced the final cost of Rhiza, reaching cost …
Kynda Breaks Ground on Hamburg Facility to Produce 2,500 Tons of “Kynda Meat” Annually
German B2B biotech Kynda announces that it has commenced the construction of a large-scale facility near Hamburg, Germany, for the production of its mycoprotein product, Kynda Meat. Using its fermentation tech, Kynda transforms a fungus strain (exempt from EU novel food regulations) and food industry by-products into a zero-waste mycelium ingredient within 48 hours. The new production facility will feature two 720 m² halls on a 6,200 m² site, where the biotech …
Enifer Raises €36M for Mycoprotein Facility Producing “The Missing Ingredient for a Sustainable Food Chain”
Finland’s Enifer has secured enough funding to begin the construction of a mycoprotein facility that will upcycle food industry sidestreams into fungi-based protein ingredients. The facility will cultivate up to 3,000 tons of Enifer’s proprietary mycoprotein, PEKILO®, every year; this is said to be enough to meet the annual protein needs of around 40,000 people. According to the company, the plant will be the first worldwide to produce this type …