Royal Cosun invests CHF 3 million in fermentation scale-up planetary
Summary
Cosun, a modern Dutch agricultural cooperative, has finalised a CHF 3M investment in scale-up planetary SA to further boost the development of sustainable and cost-effective food ingredients through fermentation. As one of the largest sugar beet cooperatives in Europe, Cosun has the availability of sugar, relevant side streams and technical knowhow to further develop its fermentation capabilities.Geneva-based scale-up Planetary licenses its BioBlocks fermentation technology globally, enabling the production of sustainable bio-based products such as foods and materials at commercial scale. As research for the Swiss Venture Capital Report has now shown, Royal Cosun invested in Planetary in October.Thijs Bosch, Managing Director Cosun Protein: Planetarys expertise in biotechnology will accelerate our ambition to become a significant player in fermentation enabled ingredients. This investment and partnership underlines our commitment to the goals we set for ourselves in our Unlock strategyDavid Brandes, CEO planetary: We are excited to welcome Royal Cosun as a partner to planetary as we roll out the licensing of our BioBlocks platform fermentation technology across the agricultural industry. Through its symbiotic engineering playbook, planetary will enable the conversion of Cosuns feedstock into higher value mycoprotein ingredients.