November 16, 2021
Global investment company has launched the Asia Sustainable Foods Platform, which will focus on scaling up alt-protein production and accelerating the development of sustainable foods in the region.
The new initiative will support food-tech companies through every stage, from product development to commercialisation. It will provide R&D advisory and pilot-scale manufacturing facilities, larger-scale manufacturing capabilities, and market insights into commercialisation opportunities. The Platform will also invest in promising startups and provide companies with a network of connections.
Temasek has previously invested in a range of alt-protein companies, including , , and . The Asia Sustainable Foods Platform is a logical next step in the investment company’s drive to create a more sustainable food system.
The Platform has already announced partnerships with two leading industry experts — German agri-food multinational CREMER, which has expertise in plant-based protein, and global nutrition leader ADM.
The CREMER partnership will help to increase the Platform’s manufacturing capabilities for plant-based products, particularly with regards to high moisture extrusion (HME) technology. Currently, very few Asian companies have significant HME capabilities.
The Platform will also form a joint venture with ADM to enable development and manufacturing of microbial proteins via precision fermentation. This will help both small and larger food-tech companies to scale up efficiently. ADM is already very active in the precision fermentation industry, having worked with companies such and .
“Our key differentiating factor is our end-to-end enabler, operator, and investor capabilities that provide bespoke solutions and support to aspiring food-tech companies at every stage of their growth cycle,” said Asia Sustainable Foods Platform CEO Mathys Boeren. “With our support to remove friction-to-adoption, companies can speed up their product development and pilot launch, as well as accelerate their commercial scale-up and go-to-market. In the end, it is our goal to delight consumers across Asia with tasty, fresh, traceable, and sustainable food.”