MATR Foods Secures €20M From European Investment Bank to Construct First Full-Scale Facility
Danish meat alternatives producer MATR Foods has signed a €20 million loan agreement with the European Investment Bank (EIB). The funding, which is supported by the European Commission’s InvestEU initiative, will allow MATR to construct its first full-scale production facility and conduct more R&D. This will enable the company to produce over 3,000 tonnes of its product per year. On LinkedIn, MATR claimed it was the first ever meat alternatives company to gain the support of the EIB. Healthy and sustainable MATR uses fungi fermentation to produce meat alternatives made from local crops such as beetroot, potatoes, lupin, and peas. The products are said to require minimal processing and are lower in fat than previous-generation meat alternatives. The fermentation process provides an umami flavor that …