Sustainable protein company Unibio International announced today an agreement with the Saudi Industrial Investment Group (SIIG) for an investment of approximately $70 million. Unibio said that the proceeds from the investment will be used to roll out global production capacity, grow operating capabilities, and accelerate innovation and commercialization.
Founded in 2001, London-based Unibio provides “U-Loop technology,” which converts natural gas into a highly concentrated protein product, “Uniprotein,” which can be used as a direct supplement in feed for animals, and can be produced without any use of arable land and with low water usage, in addition to being free from pesticides, fully traceable, and non-GMO.
David Henstrom, CEO of Unibio said:
“We are delighted to welcome SIIG as a significant investor in Unibio. Their investment will enable us to play a pivotal role in meeting our customers’ need for sustainable protein. Unibio’s technology will improve food security and speed up the process of feeding the world in a sustainable way.”
Unibio stated that the proceeds from the investment will be deployed to enable its “vision of feeding the world’s growing population in a sustainable way.” Uniprotein has been approved for feed in the European Union, and the company said that the production of its protein for direct human consumption is under development.
Abdulrahman S. Alismail, CEO of the Saudi Industrial Investment Group, said:
“Unibio’s focus aligns with Saudi Arabia’s commitment to increasing domestic protein production and supporting food security through innovation and technology. We are investing in Unibio for the long-term and believe that by doing so we will contribute to a more diverse and sustainable economy.”