EXCLUSIVE COVERAGE & INSIGHTS BY GREEN QUEEN

Swedish oat milk giant Oatly has indicated it could be seeking a public listing in Hong Kong, shortly after registering its planned IPO on the Nasdaq stock exchange with the U.S. Securities and Exchange Commission (SEC). The Blackstone-backed company says it will pursue a Hong Kong listing in the case of any “material adverse effect” on its relationship with state-owned Chinese conglomerate China Resources.


Why it’s important: China Resources is one of Oatly’s largest shareholders, and having it as a major backer will no doubt propel Oatly’s Asia-focused global expansion – especially as it eyes the lucrative business opportunity to be made in China, the world’s second largest economy. While there are perks for Oatly’s China and Asia strategy, it could pose issues if U.S. authorities decide to crack down on Chinese-owned firms, so seeking a Hong Kong listing is a smart workaround.


Led by a team of Czech biotechnologists and food scientists, Prague-based startup Bene Meat Technologies is the first and only project in Central and Eastern Europe working on bringing cultivated meat to plates.


Why it’s important: Bene Meat revealed that they are also focused on creating affordable FBS-free medium alternatives that can replace the current standard used in laboratories, a feat that would dramatically reduce costs for cell-based protein producers, ultimately making the end-product much more competitive when it reaches market. The firm’s focus is testament to the fact that cell-cultured protein should be available to all, not just the few.


Hungry Planet recently closed a US$25 million Series A financing round to help build capacity for its wide range of chef-crafted plant-based meats and accelerate its growth domestically and internationally.


Why it’s important: co-founder Jody Boyman commented: “Hungry Planet is the first and only company to deliver a complete range of plant-based meats. While others in this category are still working on beef and burgers, Hungry Planet is delivering on a much broader range featuring craveable taste and texture with demonstrably superior nutrition.”


Female-founded food tech Orbillion Bio raised US$5 million in an oversubscribed seed round for the development of its cruelty-free lab-grown alternatives to ‘heritage meats’ like wagyu beef, elk, sheep, and American bison.


Why it’s important: in a previous interview with Green Queen, Orbillion Bio co-founder and CEO Dr. Patricia Bubner discussed the company’s process and why it stands out from other similar competitors in the market. “Our advanced bioprocessing enables us to rapidly isolate, screen and select cells that are best suited for commercial-scale food production. This allows us to move from sample to finished product 5x faster than other companies.” On the products, ex-GoogleX co-founder and managing partner at At One Ventures, Tom Chi, said: “This has the potential to both address the higher end of the marketplace as well as the possibility of biodiversity wins from lessened pressure on game animals.”


Female-founded food tech Orbillion Bio raised US$5 million in an oversubscribed seed round for the development of its cruelty-free lab-grown alternatives to ‘heritage meats’ like wagyu beef, elk, sheep, and American bison.


Why it’s important: in a previous interview with Green Queen, Orbillion Bio co-founder and CEO Dr. Patricia Bubner discussed the company’s process and why it stands out from other similar competitors in the market. “Our advanced bioprocessing enables us to rapidly isolate, screen and select cells that are best suited for commercial-scale food production. This allows us to move from sample to finished product 5x faster than other companies.” On the products, ex-GoogleX co-founder and managing partner at At One Ventures, Tom Chi, said: “This has the potential to both address the higher end of the marketplace as well as the possibility of biodiversity wins from lessened pressure on game animals.”


Israeli food tech BioMilk went public on the Tel Aviv Stock Exchange this month, becoming the world’s first publicly traded cell-based milk company. The startup produces real cow’s milk and human breast milk directly from cells, and plans to release its first samples over the next two years.


Why it’s important: BioMilk is also ambitious to make its presence known globally, saying that its latest IPO move was just the beginning. With its long-term goal to enter multiple international markets, the startup says that a U.S. IPO on the prestigious Nasdaq exchange isn’t off the cards


American multinational food giant ADM has just opened a new plant-based innovation lab in Singapore, as the firm pivots to ramp up alternative protein development and production in response to “rapidly growing consumer demand” across the Asia-Pacific.


Why it’s important: housing a team of experts in proteins and texturing ingredients and flavouring specialists, ADM says that the new hub will be able to come up with and scale new plant-based products for customers that are “tailor-made” for Asian appetites and palates. ADM’s decision to open its innovation lab in Singapore will further solidify the island’s strong reputation as an alternative protein hub.


Alternative protein and dairy restaurant chain player Globally Local debuted on the Toronto Stock Exchange’s Venture Exchange on April 16, becoming the first vegan fast-food company to go public in Canada.


Why it’s important: the TSXV is the eighth largest stock market in the world in terms of market capitalization, and the third-largest in North America. Globally Local develops its own proteins and dairy alternatives, distributes them to several other restaurants and is able to supply the massive demand due to its own, high-tech food manufacturing facility.


Hong Kong-based cellular agriculture startup Avant Meats has announced that it will be establishing its R&D and pilot manufacturing plant in Singapore. The plan, supported by the Singapore Economic Development Board, will enable Avant Meats to scale up and speed up the route to market, given the regulatory framework already in place in the city-state.


Why it’s important: Carrie Chan, co-founder and CEO of Avant Meats, commented: “Avant has grown its presence in strategic locations in Asia to optimise its market access, technology ecosystem, and funding opportunities. Singapore provides Avant with regulatory clarity, international talents, and sufficient space for the next step of scaling up.” The firm plans to bring its cell-based dish fillet to market in 2023, and is poised to disrupt the global US$60.5 billion seafood market, primarily driven by Asia-Pacific consumers.


Clara Foods, the San Francisco-based food tech fermenting animal-free proteins, has teamed up with ZX Ventures, the innovation arm of the world’s largest brewing company AB InBev. The new R&D partnership will be tasked to “unlock precision fermentation” and its potential to “brew” egg proteins without chickens on a large scale.


Why it’s important: eggs, one of the most widely available and affordable sources of protein globally, remains a category ripe for alternative protein disruption. Teaming up with a centuries-old firm will bring in vital know-how, while the Bay Area startup will offer its technological leadership in the precision fermentation space.


Agribusiness giant Cargill has invested in Bflike, a startup hailing from the Netherlands that licenses its proprietary plant-based technology and ingredient solutions to food companies looking to produce alternative proteins. The partnership between Cargill and Bflike will mean faster and more affordable routes to market for new “next generation” plant-based meat and fish analogues.
Why it’s important: the partnership with Cargill will mean a “seamless” transition for food businesses, producers and retailers who want to license Bflike’s technology, to move from pilot stage to commercialisation. It will also mean faster scale-up timelines for food producers who use their own facilities and machinery, while being supported by Cargill’s secure ingredients supply chain.


Food processing solutions giant Bühler has joined forces with Givaudan, the world’s largest flavour and fragrance manufacturer, to open an Asia Pacific plant-based protein innovation centre in Singapore. The centre will be managed by experts from both firms to increase the production and simultaneous consumption of sustainable plant-based products on a global scale.


Why it’s important: Bühler’s technology and processing equipment and Givaudan’s culinary capabilities will allow the center to produce 40 kilograms of plant proteins per hour. Givaudan Taste & Wellbeing, Monila Kothari, commented: “By bringing flavor solutions that are vegetarian, vegan, plant-based and natural, as well as technologies such as wet extrusion to Singapore and the region, we are helping to make plant-based foods more delicious, authentic, and accessible to business and consumers.”








Published by Sharon Lee Davies-Tight, artist, writer, chef

AFC GLOBAL™. Chef Davies-Tight™. The Animal-Free Chef™. ANIMAL-FREE SOUS-CHEF™. FAT-FREE CHEF™. Word Warrior GLOBAL™. Word Warrior Davies-Tight™. HAPPY WHITE HORSE™. Global Word Chef™. SHARON ON THE NEWS™. BIRTH OF A SEED™. Till now and forever © Sharon Lee Davies-Tight, Artist, Author, Animal-Free Chef, Activist. ARCHITECT of 5 PRINCIPLES TO A BETTER LIFE™ & MAINSTREAM ANIMAL-FREE CUISINE™.

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