Following the close of $120 million in Series B funding, Remilk, the food-tech innovator reimagining dairy, announced it will build a full-scale precision fermentation facility on more than 750,000sq-ft of newly acquired land within The Symbiosis project, a pioneering sustainable industrial ecosystem, in Kalundborg, Denmark. This next major milestone demonstrates Remilk's continued leadership in the rapidly developing category by offering consumers animal-free dairy products identical to its traditional counterparts but free of lactose, cholesterol, and hormones, thus severing the dairy supply chain's reliance on animals.

Kalundborg's Symbiosis project is a pioneering industrial ecosystem with transformational economic and environmental results. Within the network, byproducts of one company become resources for another. At present, Symbiosis is a collaborative effort involving more than a dozen visionary public and private companies including industry giants such as Novozymes, Novo Nordisk and Chr. Hansen. At the new facility, Remilk will produce non-animal dairy protein for use in products like cheese, yogurt, and ice cream, in volumes equivalent to that produced by 50,000 cows each year.

Remilk pioneered a yeast-based fermentation process that produces non-animal milk proteins for use in dairy products traditionally made with cow-derived milk proteins. Remilk's protein enables the production of products that are indistinguishable in taste and function from traditional dairy. According to a report by Boston Consulting Group and Blue Horizon Corporation, alternative proteins could account for 11% ($290B) of the global protein market by 2035. Dairy produced through precision fermentation requires a fraction of the Earth's resources and emits a fraction of the harmful greenhouse gas emissions of animal dairy.

After an extensive search, the company selected Kalundborg, Denmark as the site for its first full-scale fermentation facility because of the location's strategic advantage and powerful approach to industrial sustainability, as well as access to a deep pool of local talent and the strategic cooperation and support from the city and the Danish government.

The selection of this location was made possible through a partnership with the city of Kalundborg, Invest in Denmark (Ministry of Foreign Affairs of Denmark), the Danish embassy in Israel, and the Israeli Embassy in Denmark.

Denmark is a world leader in its sustainability efforts and achievements. When considering total power consumption, about 80% of the energy mix in the grid comes from green power sources including wind, solar and hydro according to Energinet. Denmark has stated an ambitious goal to transition its entire electricity system to be independent of fossil fuels by 2027, as set by the Danish parliament.

www.remilk.com