NoPalm Ingredients Secures €5M for Superior Fermented Oils Validated by Industry Giants
NoPalm Ingredients, a Dutch biotechnology company producing yeast-derived oils, has successfully closed a €5 million seed funding round touted as the largest funding ever for an alternative to palm oil in Europe. The round was led by Rubio Impact Ventures and co-led by Oost NL, Fairtree Elevant Ventures, and Willow Capital Investments, with participation from The Netherlands Enterprise Agency (RVO) and other private investors. The new capital will help the …
Clean Food Group Secures £2.5M to Launch Non-GMO Alternative to Palm Oil by 2025
UK-based biotech firm Clean Food Group (CFG) has raised £2.5 million to accelerate the commercial launch of its yeast-derived, non-GMO alternative to palm oil by 2025. Said to be equivalent to high-oleic palm oil, CFG’s go-to-market product is designed as a drop-in ingredient suitable for baked goods, confectionery, and cosmetics applications. CFG believes it can introduce its novel food product to the UK and EU markets, as the regulatory process for non-GMOs …
German Ingredients Supplier Doehler Invests in Cultivated Palm Oil
Doehler Ventures, the investment arm of German ingredients supplier Doehler, has announced an investment into British startup Clean Food Group (CFG). CFG is developing cultivated palm oil to address the deforestation caused by the conventional palm oil industry. This loss of habitat endangers important species such as orangutans and pygmy elephants, while also releasing considerable amounts of carbon dioxide into the atmosphere. Along with providing capital, Doehler will support CFG …
Cultivated Palm Oil Has Potential to Reduce Dependency on Controversial Palm Oil Industry
Clean Food Group, a company developing cultivated palm oil alternatives made from yeast, is currently preparing for the commercialisation of its Clean Palm Oil planned for 2023 aiming to reduce dependency on the controversial palm industry. The development process began at the University of Bath, where Christopher Chuck, Professor of Bioprocess Engineering, has been working on a project using “unique fermentation processes to develop a palm oil substitute from lignocellulosic …