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Agronomics’ Solar Foods Secures €10 Million Grant for Expansion

Story Highlights
  • Agronomics Limited’s portfolio company, Solar Foods, received a €10 million grant.
  • The funding supports Solar Foods’ expansion and commercialization of its Solein® protein.
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Agronomics’ Solar Foods Secures €10 Million Grant for Expansion

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Agronomics Limited ( (GB:ANIC) ) just unveiled an update.

Agronomics Limited announced that its portfolio company, Solar Foods, has secured a €10 million grant from Business Finland to support the commissioning of a new commercial-scale production facility, Factory 02. This funding is part of Solar Foods’ growth strategy to expand its production capabilities and commercialize its Solein® protein, which is produced using carbon dioxide and electricity, offering a sustainable alternative to traditional agriculture. The new facility is expected to significantly increase production capacity and reduce costs, further positioning Solar Foods as a leader in the clean food industry.

More about Agronomics Limited

Agronomics Limited is a London-listed company focusing on investment opportunities within the clean food sector. The company has a portfolio of over 20 companies and invests in technologies that offer sustainable food production solutions, aiming to improve human health, animal welfare, and environmental sustainability.

YTD Price Performance: 111.34%

Average Trading Volume: 4,679,150

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £82.77M

For detailed information about ANIC stock, go to TipRanks’ Stock Analysis page.

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