Moolec Science

©Moolec Science

Stock market

$504M Moolec to Become “World’s First” Molecular Farming FoodTech Listed on Nasdaq

Moolec Science has entered a new business agreement that will see it become the first molecular farming foodtech to be listed on Nasdaq. The foodtech ingredient pioneer is aiming to become a category creator in the alternative protein landscape and has entered a definitive business combination agreement with LightJump Acquisition Corp, a special purpose acquisition company. UK-based Moolec focuses on developing real animal proteins in plants using molecular farming; a scalable, affordable, and sustainable technology which is the production of animal proteins using plants as small factories. The transaction sets Moolec’s proforma equity value at $504 million and upon closing the combined company is expected to be listed on Nasdaq under the ticker symbol “MLEC”.  Targeting the rapidly expanding alt protein sector, Moolec claims its …

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Frizata vegan burger

©Frizata

Market & Trends

Alt Meat Continues to Gain Traction in Argentina, The “Land of Beef” 

Argentina, a country famed for its beef culture and one of the highest levels of meat consumption in the world, is seeing plant-based meat production reach unprecedented levels.  Driven by demand from consumers concerned about environmental, nutritional, and animal welfare issues – particularly from younger generations – the country is experiencing a surge in alt meat interest. vegconomist takes a look at some of the players on the burgeoning Argentinian alt protein scene:  Kernel Mycofoods / Eternal This week saw Kernel Mycofoods rebrand as Eternal. The Buenos Aires-headquartered biotech uses AI, computer vision, and proprietary tech to create mycoprotein; sustainable proteins from fungi. Eternal has ambitious plans for 2022, recently raising over $15 million and announcing a potential public listing. “We feel Eternal reflects better …

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©Fi Europe Startup Innovation Challenge

Fairs & Events

Plant-Based Innovators Shine in Finals of the Fi Europe 2021 Innovation Awards & Startup Innovation Challenge 

Giving recognition for innovative solutions in the food and beverage ingredients industry, the Fi Europe Innovation Awards and Startup Innovation Challenge has announced its list of nominees for this year’s event. Plant-based and sustainability are the two sectors dominating the shortlist, mirroring current market trends and developments. The finalists will present their submissions in a final pitch to the jury behind closed doors, and winners will be announced live during Fi Europe 2021 on 30 November and 1 December.   The top plant-based innovations on the shortlist are: Most Innovative Plant-Based or Alternative Ingredient Moolec Science (UK) for producing real animal proteins in plants to develop affordable, animal-free ingredients SACCHA (Germany) for extracting proteins from microorganisms such as brewer’s yeast that are similar to egg protein, …

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Cultivate Tomorrow Cell Ag Hackathon Event

©Cultivate Tomorrow

Science

Moolec Science Expands Portfolio in Mission to “Address Dependency of Animal Proteins in Every Segment of the Food Industry”

Moolec Science, a global Ag-Foodtech company based in the UK whose purpose is improving the affordability of animal-free food solutions, presents its latest two developments which join its working portfolio of meat analogs made with blends of soybean with selected porcine proteins and pea with bovine proteins.

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