Unibio International, a sustainable protein company, has received a $70m investment from Saudi Industrial Investment Group (SIIG) to aid its goal of feeding the growing global population sustainably. Unibio uses its U-Loop fermentation technology to create Uniprotein, which mimics a natural process and uses methane as feedstock. The protein is approved for feed in the EU and has been successfully tested in various aqua and animal species. Unibio will use the funds to expand its global production capacity, grow operating capabilities, and accelerate innovation and commercialisation. The investment will be paid in two tranches, subject to Foreign Direct Investment approvals.
resource: https://esgnews.com/siig-to-invest-us70-million-in-sustainable-protein-company-unibio/