Planetarians uses spent yeast from commercial fermentation facilities and native plant proteins, such as soy flakes,  left from vegetable oil extraction,  to produce whole cuts of protein with the flavor and chewy texture of meat.

Elo also expects to open a Series B financing round later this year to further scale and commercialize its sweetener products, and expand its R&D pipeline with additional healthy and sustainable ingredients.

The new facility, which will have a fermentation capacity of 600,000 liters with a fully dedicated downstream process (DSP), will be located in the Midwest Industrial Park in Richmond, Ind. Commercial production is expected by the end of 2024.

Over the next three years, the company plans to invest approximately $50 million to enhance its Camden facilities to drive greater creativity, collaboration and career development, as well as to accommodate more than 1,600 employees that will now be located on its renovated campus.

Perry’s Ice Cream Company, Inc., a Great Lakes regional brand, expanded its production capabilities to meet increased category growth.  Perry’s is investing $18 million in a 20,000sq-ft expansion and the purchase of a state-of-the-art extruded stick bar line from Tetra Pak of Denmark.

iTi Tropicals, Inc. (iTi), a supplier of bulk tropical fruit juice purees and concentrates, announced the opening of a new passion fruit production facility in Vietnam. The new facility, operated by passion fruit industry leader Quicornac, offers iTi customers greater flexibility in budgeting, expanded product offerings, stability of production, increased availability, diversity in applications, and more. 

Blue Point Capital Partners recently invested in food businesses with the acquisition of Water Lilies Food, LLC. Water Lilies is a manufacturer and distributor of premium frozen Asian-inspired cuisine for major retail private label and foodservice customers nationwide.

Through the collaboration, ADM will process and commercialize a portfolio of proprietary ingredients derived from Benson Hill Ultra-High Protein (UHP) soybeans through an exclusive North American licensing partnership

Firmenich unveiled its newly completed Taste & Beyond Pilot Plant in Anaheim, Calif., the long-standing home of its West Coast commercial business. The modern facility hosts a full range of capabilities and state-of-the-art equipment specifically designed to enhance collaboration and accelerate speed to market by preparing customers for scaled-up production. 

For the sixteenth consecutive year, almonds are the top nut in global new product development according to Global New Products data from Innova Market Insights, having been first recognized as the number one nut globally in 2006. With more forms than any other tree nut, almonds' versatile taste, texture and health claim benefits align to consumers’ ever-changing tastes, lifestyles and preferences.