The UK Isn’t the Only European Country Focussing on Alternatives

Business Finland has conditionally approved a recycling and reuse investment grant of more than €12 million for biotech startup Enifer to build its first commercial-scale PEKILO® mycoprotein ingredient factory. The funding comes from the European Union NextGenerationEU recovery instrument.

The product is a protein- and fiber-rich powder with a neutral taste and colour that can be used in a similar way to plant-based proteins in the food industry today.

The new facility will have a production capacity of three million kilograms a year of sustainable, locally sourced protein – roughly equivalent to the protein content of meat from 30,000 cows but with at least 20 times lower carbon emissions and considerably lower water and land use.

The factory is currently projected to cost €30 million to build and is expected to be completed by the end of 2025, with production ramp-up occurring in 2026.

The company is expecting to file for regulatory approval of its food-grade ingredient during the first half of 2024.