SIIG invests $70m in alternative protein


Saudi Industrial Investment Group agrees to invest in Danish protein tech company Unibio International 

Unibio International PLC has confirmed that privately-owned petrochemical company Saudi Industrial Investment Group (SIIG) has signed an agreement to invest approximately US$70 million in the Danish protein tech company. 

Using its own fermentation technology, called “U-Loop”, Unibio is producing “Uniprotein”. The technology which has been scaled-up to an industrial scale and is being rolled out globally, uses methane, such as natural gas and biogas as feedstock.

The funds will be used to roll-out new global production capacity, grow operating capabilities, and accelerate innovation and commercialisation. 

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