Methane emissions reduction focused biotech, Volta Greentech, and food company, Protos, are teaming up again to release climate-friendly beef in Sweden.
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Swedish startup, Volta Greentech, which is focused on using seaweed to reduce methane emissions in cattle by up to 80%, has just closed a SEK 17 million (€1.7m) funding round to further expand its pilot production, and to prepare for the setting up of a large-scale factory.
Participants in the latest funding round included investor, Claes Dinkelspiel, founder of internet bank Nordnet, Peter Carlsson, CEO at Swedish battery manufacturing company, Northvolt, along with one of Volta s customers in the retail sector.
Volta is looking to commercialize a product derived from the red algae, Asparagopsis.
When we last spoke to Fredrik Åkerman, co-founder and CEO of Volta, in June 2020, the team had just moved into a pilot facility, a closed land-based system, in Lysekil, on the Swedish west coast, where it was looking to develop prototypes for how to grow the seaweed cost-effectively at scale.