ADM, Air Protein partner to advance novel proteins
Summary
ADM and Air Protein, a pioneer in air-based nutritional protein that requires no agriculture or farmland, decoupling protein production from traditional supply chain risks, have entered into a strategic development agreement (SDA) to collaborate on research and development to further advance new and novel proteins for nutrition.The strategic development agreement would combine ADMs broad nutrition, formulation and research expertise with Air Proteins unique landless agriculture platform to identify ways to scale cost-effective ingredients that enable meat substitutes to deliver on their cost, nutrition, flavor and texture targets. We are proud to be a strategic investor in Air Protein, and with todays agreement, were expanding our partnership to bring ADMs industry-leading expertise in flavors and complete nutrition solutions to help expand the universe of applications in which Air Proteins technology can be used. To sustainably feed a growing global population, we need a broad protein ecosystem, from animal to plant to other novel sources. ADM is proud to work with both startups and major consumer brands to leverage our full pantry of capabilities and expand opportunities that innovative technologies present.Prior to entering the SDA, ADM has served as a strong supporter of Air Protein through investment of Series A and SAFE funding and, along with others including the Ford Foundation, Barclays Sustainable Impact Capital, Plum Alley, and GV (formerly Google Ventures), Air Protein has raised US$107 million in cumulative capital. Their continued commitment to building a more sustainable food system has helped us significantly accelerate and scale our Bay Area Air Farm and other growth initiatives.Dyson also said Air Protein successfully concluded an important regulatory review confirming its protein is generally recognized as safe (GRAS), noting that it represents one more important milestone on our journey to provide consumers with the protein of the future.