With an infusion of $11.4 million in pre-series A funding announced today, Australian startup Provectus Algae is ready to rapidly scale the commercial production capacity of its sustainable and “complementary” biomanufacturing platform that leverages algae to develop a wide range of high-value ingredients, including a high-performance blood red colorant for the alternative protein market.
With the January 1, 2022 deadline for compliance with the National Bioengineered Food Disclosure Standard (NBFDS) fast approaching, many companies are still struggling with compliance, even at this incredibly late stage, say industry sources.
Plant-based meat boasts fewer calories, saturated fat and more fibre, but research is cautioning about what it calls excessive salt levels found in meat alternatives.