Introduction:
Enifer, a microbial production specialist, has received a €12 million grant from Business Finland to construct a mycoprotein ingredient factory. The factory will have a production capacity of 300,000 tonnes per year and will utilize fungal fermentation to produce PEKILO® mycoprotein ingredients. The funding aligns with the EU’s circular economy action plan and the Sustainable Growth Programme for Finland.
- The €12 million grant will be used to build a mycoprotein ingredient factory with a production capacity of 300,000 tonnes annually.
- The factory will utilize fungal fermentation to produce PEKILO® mycoprotein ingredients, which are protein- and fiber-rich powders with a neutral taste and color.
- The factory is expected to cost €30 million and will be completed by the end of 2025, with production ramping up in 2026.
- The funding aligns with the EU’s circular economy action plan and the Sustainable Growth Programme for Finland.
- Enifer has already raised €11 million in series A funding and has partnerships with global companies in the feed and food industries.
Conclusion:
Enifer has secured a €12 million grant to build a mycoprotein ingredient factory, which will utilize fungal fermentation to produce protein-rich powders. The funding supports the EU’s circular economy action plan and the Sustainable Growth Programme for Finland. Enifer’s partnerships with global companies in the feed and food industries position them well for success in the market.
