California-based start-up Calysta has secured £23.6mn investment from BP to support a worldwide rollout of its “alternative protein” maker that turns gas into fish food.
On Thursday 27 June, Calysta explained that the funds will enable it to expand production of its FeedKind protein, which uses a gas fermentation process to produce sustainable feedstock. Benefits of FeedKind include meeting growing demand for feed in aquaculture and agriculture markets, limiting environment impacts of current methods and combating overfishing in response to projected growth.
The investment will also see BP and Calysta establish a strategic partnership in relation to gas and power supply. Megan Sharp, Managing Director of BP Ventures, said: “Their technology complements our core business while providing opportunities for sustainable products for tomorrow.”