Unibio, a London, UK and Roskilde, Denmark-based sustainable protein company, received a US$70M investment from Saudi Industrial Investment Group.
The investment in Unibio will be paid in two tranches: the first tranche of approximately US$25M is paid now with the second subject to applicable Foreign Direct Investment approvals.
The company intends to use the funds to roll-out new global production capacity, grow operating capabilities, and accelerate innovation and commercialization.
Led by David Henstrom, CEO, Unibio develops fermentation technology – the U-Loop® technology – that improves food security and feed the world’s growing population in a sustainable way. The technology mimics a process that occurs in nature every day and uses methane (e.g. natural gas or biogas) as feedstock. The production of Uniprotein is efficient, stable, and independent of weather deviations that impact the production of traditional protein sources. It is free from pesticides, fully traceable, and non-GMO. It has been launched commercially and Uniprotein is attracting significant global interest from feed compound companies and animal and fish farmers.
The production of its protein for direct human consumption is under development.
FinSMEs
30/03/2023