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A New Dawn in Protein Production
Scotland-based company, Enough, has successfully secured a whopping €40 million in growth funding, aiming to redefine the way we perceive protein production. Leveraging fungi and innovative technology, Enough is set to double the output capacity of its premier production site in the Netherlands.
The Science Behind Enough
While the concept of deriving protein from mushrooms isn’t novel, Enough’s unique approach and rapid scalability set it apart. Founded by Jim Laird in 2015, the company employs a proprietary technology that feeds fungi with sugars from renewable sources. This process, akin to beer fermentation, results in the production of Abunda, a sustainable mycoprotein. This protein boasts a neutral flavor, meaty texture, and is rich in both protein and fiber, making it an ideal ingredient for plant-based meat, fish, and dairy products.
Sustainability at its Core
Enough’s production process is not only innovative but also environmentally friendly. The company claims that Abunda is up to 15 times more efficient than beef protein. This efficiency translates to reduced feed consumption, lower carbon dioxide emissions, and a more cost-effective production process.
Scaling Up The Road Ahead
After the completion of its Netherlands production site in September, Enough has been on a rapid growth trajectory. The company is now gearing up to produce over a tonne of Abunda every hour, aiming for an annual production of around 10,000 metric tonnes. With the recent funding, Enough plans to further expand its production capacity, targeting an output of over 60,000 tonnes per year starting in 2024.
A Global Vision
While the company initially had plans to venture into Ghana and Uganda, the focus has now shifted to deepening its roots in Kenya. Enough aims to serve a broader base of micro-SMEs and onboard more distributors in the region. The company’s long-term vision includes reaching a cumulative production of over a million tonnes by 2032.
Investor Confidence and Future Collaborations
The recent funding round witnessed participation from renowned names like World Fund, CPT Capital, AXA IM Alts, HAL Investments, Onassis Group, and Scottish Enterprise. This investment will not only bolster Enough’s production capabilities but also facilitate collaborations with partners like Plukon Food Group, M&S, and Unilever for first-market launches.
Conclusion A Promising Future for Mycoprotein
With its innovative approach, commitment to sustainability, and robust growth plans, Enough is poised to lead the charge in the mycoprotein revolution. The company’s vision of providing a sustainable and efficient protein source promises to reshape the foodtech landscape in the years to come.
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