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An agricultural feed startup has received $ 9.4 million in seed funding for its technology that produces pure protein from CO2.
The protein would come from carbon dioxide generated by industrial exhaust gases and would combine with hydrogen to create cheap, scalable animal feed to replace soybeans, an important food crop largely linked to deforestation.
Deep Branch combines some of the most basic chemical components, present in everything from stars to skyscrapers, such as carbon, oxygen, and hydrogen, into a fermentation chamber where it produces a high-value protein called “Proton. “
This proton is then dried, mixed with other nutrients, and turned into granules with a 90% CO2 saving rate compared to other food sources.
With the support of Europe’s largest feed producers, as well as carbon monitoring / sustainable investment funds from financial institutions such as Barclays, a Series-A financing round has been completed with multiple long-term investment commitments.
James ferrier, Barclays chief investment officer, said in a statement that “Deep Branch technology has the potential to be part of the solution to overcome the greatest environmental challenges of our time.”
Unlike fishmeal or soybeans, there are no fluctuations in price or yield caused by seasonality, food safety, or dependence on favorable weather conditions.
The resulting stable prices and reliable manufacturing mean that each link in the supply chain can calculate costs much more accurately.
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Deep Branch, operating in the UK and the Netherlands, is currently looking for a suitable location for its first large-scale production facility.
His hope is that the product will reduce the market share of soybeans, but also fishmeal normally produced from leftover wild-caught salmon, another source of protein for animal feed. Their first place explored It is located in Norway, the world’s largest exporter of salmon.
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Deep Branch is looking to start commercially testing its feed with farmed salmon and chickens next year, and the only major production hurdle remaining is where to find sources of other vitamins and minerals necessary for healthy growth of the animals.
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