Feeding the Future

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Mosa Meat

Mosa Meat completes $85m Series B investment round

MAASTRICHT, The Netherlands (Feb 23, 2021) -- Mosa Meat, the European food technology company that introduced the world’s first cultivated beef hamburger in 2013, announced the third and last closing of its Series B funding. This third closing of $10m brings the total raised in the round to $85m.

Investors in this last closing include new and existing investors like Nutreco, a global leader in animal nutrition and aquafeed, and Jitse Groen, CEO of Takeaway.com. The funding brings together leading global investors with a wealth of knowledge which will help Mosa Meat scale up real beef production in a sustainable and safe way.

“We are delighted to extend our collaboration with existing partners, and welcome new partners in this round,” said Maarten Bosch, CEO of Mosa Meat. “The closing of Series B funding brings us one step closer to our mission to develop a cleaner, kinder way of making real beef. Our partners bring immense strategic capabilities and expertise, and share our strong commitment to increasing the sustainability of our global food system”.

Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers.

Nutreco CEO Rob Koremans says, “I am delighted that Mosa Meat has reached its next milestone towards large scale production of real meat. Nutreco is invested in its mission of Feeding the Future, which will require protein production from traditional and alternative protein production methods. Our partnership in Mosa Meat is an important part of our strategy to help to meet the growing demand for high quality protein.”

The Series B funding round is led by Luxembourg-based Blue Horizon Ventures, the food technology fund that aims to support and promote a positive global impact on the environment, human health, and animal welfare. Mosa Meat welcomes this strong group of mission-aligned investors after its successful Series A funding in 2018, which was led by M Ventures and Bell Food Group.

Nutreco and Proximar partner to establish large-scale land-based Atlantic salmon farming facility in Japan

Amersfoort, February 3, 2021: Nutreco today announces its investment in Norwegian land-based fish farming company, Proximar. Strategically located near the iconic Mount Fuji, Proximar’s Atlantic salmon farming facility will be a large-scale land-based fish farm helping to meet the large demand for salmon in Japan, using Recirculating Aquaculture System (RAS) technology. 

Nutreco CEO Rob Koremans comments, “Our investment in Proximar is perfectly aligned with our mission of Feeding the Future. Japan has a large market and demand for Atlantic salmon in addition to limited possibilities for sea-based production, placing a large dependency on imports from other countries and increasing the environmental cost.”

Local land-based salmon production allows high quality fresh salmon to be produced closer to the consumer all the while reducing the CO2 footprint from airfreight, thereby reducing the entry cost to the market and securing fresher salmon for the consumer.

Nutreco’s Chief Innovation Officer Viggo Halseth comments, “We are delighted to partner with Proximar, we find the team strong and capable in delivering on land-based fish farming and like Nutreco, sustainability is a focus cornerstone for Proximar. Nutreco’s aquaculture division, Skretting, will work with Proximar bringing our knowledge in feeding and salmon production, while also building our own competence and customized fish feed to support all customers that produce RAS.”

“Since establishing Proximar in 2015, we have emphasized building a platform with an industrial footing. We believe this is crucial for success, and we’re therefore very excited to have Nutreco joining. This partnership contributes to further strengthen our platform according to our strategy. Nutreco represent valuable expertise and insights when it comes to operations, which is highly beneficial for Proximar. With Nutreco onboard, we now look forward to taking Proximar to the next stage,” says Joachim Nielsen, CEO of Proximar.  

Today, Proximar began its first day on trading on Euronext Growth Oslo, the Oslo Stock Exchange’s marketplace for high-growth SMEs. The land-based Atlantic salmon farming facility is due to begin construction in Q1-2021 and is expected to be completed in the first half of 2023, with its first harvest during the first half of 2024.
Nutreco launches industry first soy sourcing policy to prevent deforestation

Nutreco launches industry first soy sourcing policy to prevent deforestation

December 16, 2020 – Today, Nutreco announces the launch of its milestone soy sourcing policy, aiming to simplify complex certification schemes for its procurement teams in Skretting and Trouw Nutrition, and facilitate the complete removal of deforestation from its supply chain by 2025. The policy forms part of Nutreco’s Sustainability Roadmap 2025.   

Deforestation is one of the major sustainability challenges for the agri- and aquaculture sector. Soy and oil palm are major deforestation drivers, with over half a million hectares of rainforest, peatland and savannahs destroyed each year for the expansion of these crops.

Annually, Nutreco buys around 1.5 million tonnes of soy ingredients and 80 000 tonnes of oil palm products. Certification schemes and standards are numerous, and provide a variety of deforestation assurances. These assurances vary per certification and they are continuously evolving, to reflect increased knowledge and ambition levels.  To address the challenge of ensuring compliance with certifications, Nutreco procurement teams have launched a transparent policy, highlighting soy-producing regions on low and high risk of deforestation, and outlining the procurement requirements in areas of higher risk. Despite the Nutreco Sustainability Roadmap deadline of 2025 for deforestation-free soy and oil palm ingredients, ambitious intermediate milestones have also been determined for Skretting.  Further milestones for specific regions and/or species are being evaluated, for both Trouw Nutrition and Skretting. 

“The concrete targets outlined in Nutreco’s new policy highlight the commitment to sustainable production, conservation of natural resources and also ensuring that local communities are treated with dignity and respect,” says Emese van Maanen, Managing Director of ProTerra Foundation. “We recognise the genuine concern for the regions from which they source ingredients and are in full support of this landmark approach.”   

“Procurement is about buying the right product at the right time, price and place,” says Robert van den Breemer, Skretting Procurement Director. “When it comes to soy and oil palm, buying the right product is difficult, and I am excited that with this policy, the Nutreco purchasing team now has a tool to make it easier to do the right thing. Because ending deforestation is the right thing, and we in Nutreco don’t just talk, we actually act.” 

“There is immense satisfaction in seeing our corporate divisions Skretting and Trouw Nutrition coming together and moving forward with ingredient purchasing policies that are pragmatic and can be implemented by our procurement managers in over 37 countries,” says Jose Villalon, Nutreco Sustainability Director. “These policies are fully aligned with our corporate sustainability strategy, RoadMap 2025, which we will communicate in more detail in early 2021.”.

Nutreco invests in Nordic Aqua Partners to build China’s first large scale RAS facility

Nutreco invests in Nordic Aqua Partners to build China’s first large scale RAS facility

November 26, 2020 Amersfoort, the Netherlands – Animal nutrition and aquafeed leader Nutreco has announced today that is has fully completed its further investment in Nordic Aqua Partners (NAP). Last week, Nordic Aqua Partners announced successfully completing a private placement of new shares with gross proceeds of approximately EUR 55.1 million. Nordic Aqua Partners will build China’s first fully integrated and commercially viable Recirculating Aquaculture System (RAS) facility. This partnership demonstrates Nutreco’s commitment to Feeding the Future with science-based innovations that advance sustainability across the value chain.

The facility, which will be built in Ningbo, Zhejiang province, will raise Atlantic salmon in all production stages from the hatching of imported eggs to harvesting, processing and distributing fully-grown fish for local consumption. The Norwegian equipment supplier AKVA Group will supply the RAS technology used in the production facility. The total production capability of the facility will be around 8,000 metric tonnes of Atlantic salmon by 2026, with plans to grow further as new markets and customer segments are developed.

Nutreco CEO Rob Koremans comments, “As a global population, we have reached or exceeded sustainable limits of fishing of many species for human consumption and other uses. Aquaculture in RAS provides an additional sustainable and safe way to increase the amount of fish available. For Nutreco, supporting RAS directly supports our mission of Feeding the Future in a way that is better for the planet.

“I’m delighted that we’ll be working together with NAP in China. From the facility in Ningbo we will be able to bring fresh, high-quality, Atlantic salmon to millions of Chinese consumers within hours of harvest, reducing the shipping impact on the environment.”

Nutreco Chief Innovation Officer Viggo Halseth adds, “The collaboration will allow Nutreco to further integrate farming and feed solutions towards optimal fish performance and will help further develop this highly sustainable form of aquaculture. It will also help us expand our learning about RAS and continue Skretting’s development of the best feed tailored for RAS systems.”

NAP Chairman Ragnar Joensen says, “On behalf of the team at NAP, we are thrilled to partner with Nutreco. Over the last year we have worked hard to develop the project to be investment ready and with the support from Nutreco and other co-investors we have completed detailed engineering and are soon ready to start construction.”

Construction of the facility in Ningbo is expected to start at the beginning of 2021.

Sustainability Report 2019

Sustainability Report 2019

To mark the 50th anniversary of Earth Day, Nutreco today publishes its online 2019 Sustainability Report, highlighting the work being done across the company at both a global and local level to drive the company’s mission of Feeding the Future.

Nutreco CEO Rob Koremans says, “At Nutreco, sustainability remains not only a driving force in our business – it’s the only way we do business. Employees across our whole company are focused on our mission of Feeding the Future, carrying it out in ways that fit our local priorities and show their passion for serving customers and communities. In 2019, we took our mission into exciting new directions, through our investments in breakthrough innovation to help our industry produce more food, more sustainably.”

Watch a conversation between Nutreco’s CEO Rob Koremans and Corporate Sustainability Director José Villalón about Nutreco’s 2019 Sustainability Report here. Read the full report here.

 

Soy

Our stance on soy

Nutreco, through its divisions Skretting (aquaculture) and Trouw Nutrition (animal nutrition), purchases soy each year as a raw ingredient for our animal and aqua feed products. Some of this is purchased from Brazil. Whilst we have no reason to believe that soybean farmers in our supply chain hold any responsibility for the fires in the Amazon, we are actively conducting an internal review with the aim of ensuring the soy we buy in deforestation-risk geographies is conversion-free or certified deforestation free. This review may result in prioritizing soy purchases out of high-risk sectors. 

We believe that companies within our industry play an important role in ensuring raw materials are farmed in a sustainable way and we are committed to doing our part. Wherever possible, we always work with NGOs and reputable international organizations to ensure the raw materials we source are sustainable and farmed with as little impact as possible on the planet. In addition, our divisions Skretting and Trouw Nutrition have transition plans in place to meet deforestation targets by 2025 set-out by FEFAC. Supply chain diversification, development of alternative ingredients and risk minimization have been, and will continue to be, a focus for Nutreco.

Our global company brands

Skretting

Skretting is our global company brand for fish and shrimp feed

Skretting

Trouw Nutrition

Trouw Nutrition is our global company brand for animal nutrition

Trouw Nutrition

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