I know, I know, at some point in the food chain it's all plant-based, but this is the wording the industry has chosen, 'frankenburgers' having apparently lost out to the less emotive 'plant-based'.
From Vegconomist:
Novozymes Enters Alt-Protein Space With Investment of 2Bn Danish Kroner
Danish biotech giant Novozymes has entered into a contract with an unnamed key player in the plant-based industry. As part of the contract, it will invest 2 billion Danish kroner into an alt-protein production line in Nebraska.
The company says it is increasingly committed to meeting the growing demand for sustainable proteins, after research found that plant-based meat was the fastest-growing retail category in the US in 2020. Alt proteins received $3.1 billion in investments last year, a new record and three times the figure for 2019. However, a report in July found that there are several challenges facing the industry, including scale-up, speed to market, and regulation....
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Bloomberg had a short blurb with some details:
Novozymes A/S, the world’s largest maker of industrial enzymes, is betting on more growth in the plant-based meat market.
The Danish company said Thursday it will invest 2 billion kroner ($316 million) in a new production line north of Omaha, Nebraska, after entering into a long-term contract with an unidentified “key player in the plant-based industry.” The firm raised the low end of its full-year forecasts after second-quarter earnings beat estimates, driven in part by growth in its food and beverage business.
“We are answering one of the most pressing needs of the society, which is how are we feeding a world population in a more sustainable way,” Chief Executive Officer Ester Baiget said in a phone interview. “We are masters in fermenting catalytic proteins and now we’re unleashing those capabilities also into the space of novel proteins.”....
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