TIDMSEED
Seed Innovations Limited
05 December 2022
5 December 2022
SEED Innovations Limited
("SEED" or the "Company")
Investee Company Update : Clean Food Group Ltd
SEED Innovations Ltd, the AIM-quoted company investing in
fast-growing and industry-leading businesses with a focus on the
medical cannabis, health, and wellness space, is pleased to note an
announcement released by portfolio company, Clean Food Group Ltd
("Clean Food Group" or "CFG"), a UK-based cellular agriculture
company focused on the commercialisation of palm oil by
fermentation. CFG has received an investment from Doehler Ventures,
the venture arm of Doehler Group GmbH ("Doehler"), who are focused
on early-stage start-ups in the Nutrition & Technology
ecosystem.
Ed McDermott, CEO of SEED, commented: " I am very pleased to
share news of CFG's investment from, and strategic partnership
with, Doehler Ventures. For a young company, CFG's opportunity to
be involved with an influential and global producer, marketer and
provider of technology-driven natural ingredients and systems
represents a key milestone.
"This latest investment by Doehler Ventures further highlights
CFG's opportunity as a disruptive food-tech business bringing
sustainable, cultivated foods to market. The collaboration provides
CFG with Doehler Group's industry-leading expertise in production
scale up, to accelerate its proprietary fermentation platform and
accelerate the production of its palm oil alternative."
The Company owns a holding of 5,850,000 shares representing
5.38% of CFG's total issued share capital. The investment by
Doehler in CFG has no current impact on this position.
The following extract from the announcement is set out without
material changes or adjustments and the announcement in full can be
accessed from the link below this section.
Doehler Ventures invests in food-tech business Clean Food Group
to accelerate scale up and market approval of sustainable Palm Oil
Alternative
-- Doehler Ventures has made an investment in pioneering food-tech business Clean Food Group
-- Through a further technical collaboration agreement Doehler
Group will provide its industry-leading expertise in production
scale up to accelerate Clean Food Group's technology,
-- Clean Food Group's mission is to be part of the solution to
the environmental crisis beginning with the production of its palm
oil alternative
Today, 5 December 2022, Clean Food Group - a pioneering UK-based
food-tech business that has developed a revolutionary and
sustainable, bioequivalent alternative to palm oil has announced
that it has received investment from Doehler Ventures, part of the
Doehler Group, a global producer, marketer and provider of
technology-driven natural ingredients, ingredient systems and
integrated solutions for the global food, beverage and nutrition
industry.
As part of an accompanying collaboration agreement between the
two companies, Doehler Group will support the scale up of the Clean
Food Group's technology, demonstrating production at commercial
scale as well as manufacturing product batches required for market
approval. The two groups plan to continue the strategic partnership
in the future, as Clean Food Group continues to develop their
category offerings.
The revolutionary sustainable palm oil alternative will help
reduce the detrimental environmental impact of a range of
palm-based ingredients that can be found in nearly 50% of all
packaged products on our supermarket shelves. Clean Food Group's
mission is to be part of the solution to this environmental crisis
beginning with the production of its palm oil alternative.
The global palm oil market was valued at US$ 50.6 billion in
2021 and is expected to reach US$ 65.5 billion by 2027. However,
palm oil production continues to be a major driver of deforestation
of some of the world's most biodiverse habitats, impacting
critically endangered species like the orangutan, pygmy elephant
and Sumatran rhino. This process combined with the conversion of
carbon-rich peat soils, is releasing millions of tonnes of
greenhouse gases into the atmosphere, contributing to climate
change.
Alex Neves, co-founder and CEO of Clean Food Group says: "We are
delighted to be partnering with Doehler Group, a leading
manufacturer and innovator within the area of technology-driven
natural ingredients and ingredient systems.
With Doehler Group's support, we are excited to accelerate the
scale-up of our ground-breaking technology, which will allow us to
bring our sustainable palm oil alternative to market more
quickly."
- Ends -
For further information on the Company please visit: www.seedinnovations.com or contact:
Ed McDermott SEED Innovations E: info@seedinnovations.co
Lance de Jersey Ltd
James Biddle Beaumont Cornish T: (0)20 7628 3396
Roland Cornish Limited,
Nomad
----------------------- -------------------------------
Isabella Pierre Shard Capital Partners T: (0)20 7186 9927
Damon Heath LLP
Broker
----------------------- -------------------------------
Catherine Leftley St Brides Partners E: info@stbridespartners.co.uk
Isabelle Morris Ltd,
Max Bennett Financial PR
----------------------- -------------------------------
Notes
Seed Innovations Ltd
SEED Innovations is an AIM quoted investment company focused
primarily on disruptive high growth life sciences and technology
businesses particularly within the medical cannabis arena. The
Company's strategy is to identify early-stage opportunities that
have an upcoming investment catalyst and grow its portfolio in
terms of value whilst limiting the number of investee companies to
a level where relevant time can be devoted to each.
About Clean Food Group
Clean Food Group was co-founded by CEO Alex Neves and
Co-Chairman Ed McDermott in 2021, with the goal of becoming the
leading independent UK cultivated food ingredients business. CFG is
a British based food Technology Company which aims to become the
leading independent UK cultivated food business. CFG are developing
a sustainable yeast technology that produces cultivated,
sustainable alternatives to palm oil and soy protein, two
ingredients in food and cosmetics with currently massive and still
growing demand and negative environmental impact. CFG has gathered
a knowledgeable board of directors and an experienced advisory team
which familiarity with both biotechnology, life sciences and
high-growth industries.
Having acquired the IP for a technology platform that produces a
bio-equivalent palm oil alternative using microbial fermentation
from the University of Bath in Q1 2022, Clean Food Group has
secured a 2-year collaboration with the university to scale the
technology and bring its palm oil alternative to market.
About Doehler Group:
Doehler is a global producer, marketer and provider of
technology-driven natural ingredients, ingredient systems and
integrated solutions for the global food, beverage and nutrition
industry. Doehler is all about mastering multi- sensory performance
and nutrition. Being Sustainable by nature(R), we help to nourish
the world better - good for people, good for planet(R).
All our ingredients are derived from natural raw materials.
Doehler's comprehensive product portfolio of natural ingredients
ranges from natural flavours, natural colours, natural health
ingredients, a broad range of plant-based ingredients to ingredient
systems and end-to-end solutions. Focused on science, technology
and innovation, we shape the future of nutrition.
Our customers are at the heart of all we do and are the reason
why we exist. With more than 45 production sites, 75 offices and
application centres, Doehler creates value for customers in over
160 countries. More than 8,500 dedicated employees, including 1,000
people in R&D and technology, are committed to making our
customers successful.
"WE BRING IDEAS TO LIFE." describes Doehler's integrated and
entrepreneurial approach to innovation. This also includes
innovation services, market intelligence, advice on food safety and
microbiology, as well as sensory & consumer science. Doehler
also runs its own venture unit with more than 85 active ventures.
Smart ideas have a way of becoming great products.
Every day, millions of people around the world enjoy products
created by Doehler.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAQLLFBLLLXFBK
(END) Dow Jones Newswires
December 05, 2022 02:00 ET (07:00 GMT)
Fastforward Innovations (LSE:FFWD)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Fastforward Innovations (LSE:FFWD)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024