Unibio International PLC, a sustainable protein company, has announced that the Saudi Industrial Investment Group (SIIG) has agreed to invest about $70 million in Unibio, which will be used to deploy the company’s vision of feeding the world’s growing population sustainably. In addition, the funds will be utilized to develop new global production capacity, grow operating capabilities, and accelerate innovation and commercialization. Unibio uses U-Loop, a unique fermentation technology, for industrial protein production, which can enhance food security by providing sustainable nutrition without arable land and low water usage.
Uniprotein, Unibio’s protein, is free from pesticides, fully traceable, and non-GMO, and is approved for feed in the European Union, with global registrations in progress. The protein is comparable in nutritional value to other high-quality proteins, such as fishmeal, and has been successfully tested in different aqua and animal species. The production of Uniprotein for direct human consumption is currently being developed.
The CEO of Unibio, David Henstrom, is pleased to welcome the Saudi Industrial Investment Group as a significant investor in Unibio and believes that SIIG shares its goal of providing food security to the world’s growing population and helping stop hunger. He is delighted to have SIIG as a partner in achieving this mission. Abdulrahman S. Alismail, the CEO of SIIG, thinks that investing in Unibio is strongly aligned with their new strategy to diversify investments, enter new sectors, focus on sustainability and technology, and partner with international companies. In addition, the Saudi Industrial Investment Group believes that Unibio’s focus aligns with Saudi Arabia’s commitment to increasing domestic protein production and supporting food security through innovation and technology.
The investment in Unibio by SIIG will be paid in two tranches. The first tranche of approximately $25 million has already been paid, with the second subject to applicable Foreign Direct Investment approvals. The investment from the Saudi Industrial Investment Group is significant for Unibio, which can now expand its products and capabilities into developing sustainable protein solutions to feed the world’s growing population without putting a strain on arable land and water resources.
Image provided by Unibio
