Australian fermented fats producer Nourish Ingredients, founded by scientists Dr. James Petrie and Dr. Ben Leita, announces today a raise of $11 million (USD) of investment from Horizons, the venture firm of Hong Kong billionaire Li Ka-Shing, as well as the Australian government’s Main Sequence Ventures.
Nourish Ingredients Establishes Strategic Hub for Animal-Free Fat in Singapore
Australian precision fermentation company Nourish Ingredients has revealed plans to establish its operations in Singapore to accelerate the production of animal-free fats. Just a few weeks ago, the company debuted its new fat Tastilux in a plant-based chicken wing to showcase its capabilities in improving the taste and smell of alternative meats. Nourish Ingredients will produce its flagship ingredient at Nurasa’s Food Tech Innovation Centre (FTIC), which features labs and a shared pilot facility. Nurasa is part of the Singapore government-owned investment accelerator firm Temasek. The Australian food tech has also partnered with ScaleUp Bio, a local CDMO launched by Nurasa and ADM, to support and accelerate its fermentation capacity and to work with the regulatory body, the Singapore Food Authority. Singapore’s regulatory and legal support, its production capabilities, …