Royal Cosun invests in fermentation scale-up planetary

07 October 2024
Cosun has finalised a CHF 3M investment in scale-up planetary SA (“planetary”) to further boost the development of sustainable and cost-effective food ingredients through fermentation. Cosun and planetary will also explore ways to collaborate on commercialising mycoprotein and create new applications for plant-based food.

As an international agricultural cooperative, we aim to further expand our portfolio of food ingredients in line with our Unlock strategy. Fermentation plays a crucial role in this effort, as it helps to create comprehensive food ingredients that meet requirements for taste, texture, health, and price. As one of the largest sugar beet cooperatives in Europe, Cosun has the availability of sugar, relevant side streams and technical knowhow to further develop its fermentation capabilities.

Thijs Bosch, Managing Director Cosun Protein: “Planetary’s expertise in biotechnology will accelerate our ambition to become a significant player in fermentation enabled ingredients. This investment and partnership underlines our commitment to the goals we set for ourselves in our Unlock strategy”

David Brandes, CEO planetary: “We are excited to welcome Royal Cosun as a partner to planetary as we roll out the licensing of our BioBlocks™ platform fermentation technology across the agricultural industry. Through its symbiotic engineering playbook, planetary will enable the conversion of Cosun’s feedstock into higher value mycoprotein ingredients.”

About planetary 

Planetary is the bioeconomy’s industrial production backbone: the Geneva, Switzerland-based firm aims to license its BioBlocks™ fermentation technology globally, enabling the production of sustainable bio-based products such as foods and materials at commercial scale. Today, the company is partnering with the agricultural industry to turn low-value side-streams into high-value bio-based products starting with its first industrial mycoprotein production site in Aarberg, Switzerland.

www.planetarygroup.ch

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