Sector News

Fazer Group forms strategic partnership with Solar Foods

September 18, 2019
Food & Drink

Fazer Group has announced that it has entered a strategic partnership with Finnish foodtech start-up company, Solar Foods as part of its sustainability agenda. The partnership is based on the shared objective to jointly research and develop Solar Foods’ protein ingredient, Solein.

Revised in 2018, Fazer’s sustainability approach is made up of four goals to be achieved by 2030: 50% less emissions, 50% less food waste, 100% sustainably sourced and more plant-based.

With its newly entered partnership, Fazer aims to become a more sustainable food company by developing and promoting solutions to abate climate change.

Christoph Vitzthum, CEO of Fazer Group said: “Fazer believes in open innovation and cross-disciplinary collaboration in creating sustainable and socially significant solutions. Sustainability in food and nutrition is high on Fazer’s research agenda and we want to be an innovative trend setter.

“Our strong heritage offers us the roots necessary to take on bold innovations. The partnership with Solar Foods is a great example of sustainable innovation, supporting Fazer in reaching our sustainability core goal of 50% less emissions by 2030.”

Solar Foods has developed Solein, a carbon neutral protein that is produced from electricity, CO2 and water. Its manufacturing process is completely independent from soil, negative land use impacts, and the weather and climate.

Fazer plans to do further research into the ingredients’ applicability to food while running tests to ensure food safety.

The start-up foodtech company has recently raised a total of $3.5m in convertible loans through a financing round in aid of continuing development on Solein. As well as Fazer, Solar Foods received funding from Holdix Oy Ab, Turret Oy Ab and Lifeline Ventures.

“We are excited now to go full steam ahead and hope to learn from Fazer’s extensive experience in offering customers new food experiences,” said Pasi Vainikka, CEO and co-founder of Solar Foods.

By Emma Upshall

Source: FoodBev

comments closed

Related News

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.