Air based protein, not a joke Solar Foods CEO says

New Post Public Reply Private Reply Replies (0) Message Board
wowhappens28
279
Air based protein, not a joke

Solar Foods CEO says “now is the time to make it work” after netting €35M in funding for air-based protein

https://www.foodingredientsfirst.com/news/sol...otein.html


09 Apr 2021 --- Finnish food tech company Solar Foods is accelerating the production of alternative protein made from air and electricity, edging closer to bringing its pioneering climate-friendly Solein to the plate. This comes after receiving €10 million (US$11.9 million) in funding from The Finnish Climate Fund.

In an exclusive interview with FoodIngredientsFirst, CEO Dr. Pasi Vainikka talks about reaching €35 million (US$41.6 million) in total financing, the development of the company’s demonstration center.

He further details how Solein is now in the commercialization stage, with industrial-scale production of the alternative protein about to get underway.

The subordinated loan now granted will go toward starting commercial-scale production of Solein, which radically reduces the impact of food production on the climate.

Scaling up Solein
“The Finnish Climate Fund is an amazing new instrument by the Government filling a market gap, or failure, where technologies like ourselves need to physically build things,” Dr. Vainikka explains.

“It’s there to help in scaling and infrastructure, investment for production and technologies. Therefore, it’s kind of essential to have it. Otherwise, things might not proceed as they are proceeding now,” he continues.

“There might be a little more funding here and there, but we have raised approximately €30 million now in the last seven months, so we have about €30 to €35 million in the investment program.”

“Now it’s up to us to make it, according to what we promised,” he declares.

Crossing planetary boundaries of food production
Funding Solar Foods was the first investment by The Finnish Climate Fund and helps to keep the company on-track to “turn sci-fi into reality,” as the team produce nutritionally complete protein using carbon dioxide in the air and electricity as its primary raw materials.

The loan will be used to build the demonstrator facility, including the Solein Experience Hub and a future-food bar.

This provides an entirely new level of transparency in food production, notes Dr. Vainikka. This production facility, presently being designed, is scheduled to begin operations in early 2023.

“We are happy that we can soon put the Solein protein on the plates of consumers. Our first production facility will be located in Finland, and it will be the world’s first commercial facility to produce food by using carbon dioxide and electricity as its raw materials,” he continues.

Solar foods operates with the aim to disconnect food production from the accelerating consumption of natural resources.

“It is fascinating to be part of making this happen. We already have detailed plans for the production facility, but we will disclose more about them toward the end of the year when construction begins.”

The most responsible protein in the world?
Solein is a complete protein with all the essential amino acids. It is both light in taste and appearance.

It vanishes into daily meals while at the same time maintaining its rich nutritional value and offering a unified solution that caters to virtually every imaginable meal of today and tomorrow.

The start of industrial production of climate-friendly protein is a significant step toward a more sustainable food production. As a protein source, Solein’s comparative greenhouse gas emissions are approximately 1 percent of meat protein and about 20 percent of plant protein production.

The sustainability impact of the Solein protein, however, reaches even further. Changing the way protein is produced will affect greenhouse gases and the changes in land use, soil impoverishment, biodiversity, and the status of water systems.

Fixing the climate crisis with food
Traditional food production is one of the most immense burdens on ecosystems globally, whereas deforestation caused by food production in developing countries, for example, worsens the climate crisis.

The production process for Solein is disconnected from agriculture, climate and weather. It does not require irrigation systems, pesticides or fertilization any more than it requires animals.

Eventually, Solar Foods’ technology could food to be produced even in extreme conditions in the future: in deserts, in the Arctic, and possibly even in space.

“New technologies open windows into the wall behind which the future exists. We are suddenly seeing possibilities we couldn’t have imagined just a few years ago. The daily production of Solein is already a tangible reality. We at Solar Foods are ‘possibilists’ – we encourage and empower people to be part of the solution, to create a better world through better nutritional choices.”

“Our vision is to change the way food is produced. The world has hope. The food of the future is no longer a utopia, it is already being produced,” Dr. Vainikka says.

To date, Solar Foods has developed more than 20 food products using the Solein protein.

The Solein innovation is rooted in the combined research efforts of VTT Technical Research Centre of Finland and LUT University in Finland.

“In the EU, two years from today, when the demo starts operations, we expect to have regulatory approval. In some other markets, we can be present earlier because we already have one operating facility, which is our pilot facility, and the demo facility will be a copy of that,” he concludes.



Scroll down for more posts ▼

Top 10 Most Recent News Articles

DigitalXForce Booms with 514% Growth and Major Backing

Updated Category News Views 34

Massive Growth and Strategic Investment in DigitalXForce Now here’s a company that’s shaking things up—DigitalXForce. Right on the back of a staggering 514% growth, they’ve corralled a strategic investment from Arsenal Growth Equity. If you blink, you might miss just how fast they’re sprinting through the tech landscape. Institutional Support Backing the...

Continue Reading
ZPMC's Wind Power and Port Projects Earn Top Honors

Updated Category News Views 4

Wind Farms and Ports: A Winning Formula National applause rings out for Shanghai Zhenhua Heavy Industries Co., Ltd. (ZPMC) as they snagged top honors in the recent National Quality Engineering Awards. It's about time folks recognized the heavy lifting these projects do in reshaping our energy and port infrastructure. Two of their standout projects walked away with...

Continue Reading
Lassa's Wintus 3: Boosting Winter Tyre Game for 2026

Updated Category News Views 2

Rolling Through Winter: Lassa's Next Step Ever felt like you were skating on thin ice with your vehicle in winter? That's why Lassa has cranked out the Wintus 3—a tyre making waves in the chilly game. Now, we're not talking about your run-of-the-mill rubber. This is a strategic play by a Turkish powerhouse, Brisa, aimed squarely at those who rely on light commercial...

Continue Reading
SAFE Structure Designs Backs Prosthetic Nonprofit 50 Legs

Updated Category News Views 3

A Partnership Rooted in Service and Faith Let's face it, support from major companies for nonprofits isn't exactly commonplace. But every so often, you run into a partnership that catches your eye, and this one's got a little extra heart. SAFE Structure Designs, known for its defense engineering prowess in Las Vegas, is throwing its weight behind Clearwater's 50 Legs....

Continue Reading
Reverie Saigon Triumphs: Triple Acclaims in Global Awards

Updated Category News Views 5

A Celebration Beyond the Ordinary Now, if there's one thing the travel folks adore; it’s a hotel that isn’t just selling beds but an experience—a place where luxury meets soul. The Reverie Saigon in Ho Chi Minh City has snagged not one, but three prestigious accolades, and that’s worth more than just a passing glance. Exceptional Honors Across the Globe You...

Continue Reading
PZZA Faces Class Action: Strategic Shake-up or Misstep?

Updated Category News Views 3

Papa John's: Doughy Deceit or Strategic Misfire? Once in a while, a corporation trips over its own ambitious production line, and Papa John’s (NASDAQ:PZZA) is the latest contestant to make headlines for all the wrong reasons. Investors in this pizza powerhouse are being called to the courtroom as a class action lawsuit unfolds, marking a turbulent stage in the...

Continue Reading
New Cancer Center to Transform Rural Florida Care

Updated Category News Views 33

If you think living in a rural area means settling for second best when it comes to healthcare, Tampa General Hospital's got news for you. A brand-new cancer center is sprouting up in Loxahatchee—aimed squarely at providing top-tier cancer care to Florida's Glades region, where communities often get the short end of the stick when it comes to healthcare access. And...

Continue Reading
Divorce Expertise: Obenhaus Adds CDFA Credential

Updated Category News Views 21

Divorce isn't just a legal tangled mess; it's a financial minefield as well. Lindsey Obenhaus from Goranson Bain Ausley has beefed up her credentials with a Certified Divorce Financial Analyst® (CDFA®) designation, lending a sharper edge to her approach in divorce financials. When relationships turn sour, so do wallets, and Obenhaus aims to soften that blow for her...

Continue Reading
Cboe Clear's US Move: A New Chapter with SEC Nod

Updated Category News Views 18

Clearing the Path for New Beginnings The ink's barely dry on Cboe Clear U.S.'s recent SEC registration, and it's already setting tongues wagging among market old-timers. This move to clear binary securities options alongside futures isn't just a step up; it's a signal flare for ambitious innovation. The Nuts and Bolts: SEC Registration So, what's the big to-do? Cboe Clear...

Continue Reading
Palmstreet Amplifies Designer Toys at Las Vegas Con

Updated Category News Views 9

Designer Toys Take the Spotlight Palmstreet's latest move into the designer toy world is buzzing with anticipation. This live-shopping app, initially catering to rare plants, is taking its evolution seriously with another plunge into exclusive collectibles, this time showcasing unique collaborations at DesignerCon in Las Vegas. While Palmstreet may have started in a...

Continue Reading

Top 5 Most Recently Viewed Articles

Important Update for Customers Bancorp Investors Ahead of Deadline

Updated Category News Views 112

Investors Face Deadline in Customers Bancorp Lawsuit The recent announcement regarding a securities class action lawsuit against Customers Bancorp, Inc. (NYSE: CUBI) has created significant interest among investors. The lawsuit centers on the period between March 1, 2024, and August 8, 2024, during which purchasers of the bank's securities may have encountered serious...

Continue Reading
ON2IT Enhances Cybersecurity Landscape with Zero Trust 2.0

Updated Category News Views 125

ON2IT Launches Zero Trust Readiness™ 2.0 In a significant advancement for cybersecurity strategies, ON2IT, a leader in managed security services, has unveiled the Zero Trust Readiness™ 2.0. This innovative program is based on insights gained from over 100 global implementations, marking an important milestone for organizations aiming to strengthen their cybersecurity...

Continue Reading
Discover Aurum: A Luxury Apartment Community Now Open

Updated Category News Views 158

Aurum: The New Standard in Luxury Living Aurum, a newly unveiled luxury boutique apartment community, is officially open for residents. This exceptional community is designed by Intracorp and meticulously managed by Greystar, ensuring a high-quality living experience that meets the expectations of modern renters. Stylish Residences for Modern Living Aurum offers an...

Continue Reading
Market Movements Influenced by Jobs Data and Dockworker Strike

Updated Category News Views 71

Jobs Data and Market Reactions As the markets brace for an important jobs report, US stock futures are hovering close to stability. Investors are looking ahead to the key nonfarm payrolls report expected to be released this Friday. This data is vital as it will provide insights into the current state of the labor market ahead of the Federal Reserve's future meetings. The...

Continue Reading
The Trade Desk Faces Legal Scrutiny Over Securities Allegations

Updated Category News Views 498

Understanding the Investigation into The Trade Desk, Inc. The Trade Desk, Inc. (NASDAQ: TTD) has become a focal point due to an ongoing investigation concerning potential securities fraud. This investigation is being led by a prominent law firm that specializes in securities class actions. Investors who may have lost money are encouraged to seek legal counsel to explore...

Continue Reading