Tetra Pak has announced plans to collaborate with fungi-based natural ingredient manufacturer Mycorena to construct a facility for alternative protein production.
The new greenfield production facility will be located in Falkenberg, Sweden, and will produce meat replacement products through fungi-based fermentation.
“The process of fungi fermentation utilises microorganisms that are bioprocessing powerhouses which can create high quality, nutritious proteins,” said Charles Brand, executive vice president for processing solutions and equipment at Tetra Pak. “They may be small, but they have the potential to make a big impact on building a more robust and diverse food system, cementing a better future for all.”
The first phase of the plant will include the creation of mince-based products that will ultimately serve as ingredients for making alternative meat products.
Brand added: “We are very excited to be working with Mycorena on this project for the innovation and advancement of the food supply chain that aligns with all three areas of our purpose – protecting food, people and the planet.”
Mycorena also plans to expand its production capacity and extend its geographical reach by opening new factories across Europe and Asia in the near future.
By Lauren Ford
After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.
International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.
According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.