Berlin-based foodtech Formo raises 61 million US dollars
Retailer REWE is one of the new investors in Berlin start-up Formo: the company, which specializes in animal-free cheese alternatives, has raised fresh capital as part of a Series B financing round.
Electrochaea: Important step towards industrial biomethane production
The Munich-based power-to-gas company Electrochaea has successfully brought its technology for microbial biomethane production to industrial scale with EU funding from the EIC Accelerator.
Investments in the market for alternative proteins on the rise
German companies that produce meat and dairy alternatives based on plants, fermentation and cell cultures were able to raise a total of EUR 74 million in the first half of 2024, more than twice as much capital as in the whole of 2023.
Corden BioChem takes over operations of former Clariant biorefinery
Last year, Clariant announced the closure of its commercial biorefinery in Podari, Romania. The contract manufacturer Corden BioChem will now take over operations and convert the plant.
Making greater use of the innovation potential of industrial biotechnology
In a position paper, the industry association BIO Deutschland calls for measures to accelerate the implementation of bioeconomic activities in the industry. Market entry for bio-based products must also be made easier.