ADM partners with air-based protein company
ADM and Air Protein have entered into a Strategic Development Agreement to collaborate on research and development that advances new and novel proteins for nutrition. Air Protein is a pioneer in air-based nutritional protein that requires no agriculture or farmland, decoupling protein production from traditional supply chain risks.
The agreement will combine ADM’s nutrition, formulation and research expertise with Air Protein’s landless agriculture platform to identify ways to scale cost-effective ingredients that enable meat substitutes to deliver on their cost, nutrition, flavour and texture targets. It also provides the mutually exclusive rights for ADM and Air Protein to build and operate an Air Protein commercial-scale plant.
Ian Pinner, ADM Senior Vice President, Strategy and Innovation, said food security and sustainability are driving the evolution of protein demand.
“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,” Pinner said.
ADM was 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, Air Protein has raised $107 million in cumulative capital. With the funding, Air Protein has accelerated the expansion of a team of scientists, manufacturing and food experts, as well as the construction of its Air Farm in San Leandro, California.
“Air Protein is excited to extend our relationship with ADM, which has been a strong supporter and collaborator in our mutual mission to provide innovative protein solutions that can sustainably feed the growing global population,” said Air Protein Founder and CEO Lisa Dyson. “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 shared that Air Protein successfully concluded an important regulatory review confirming its protein is GRAS.
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