Fazer Group's partnership with Solar Foods is a step forward for CO₂-to-protein, but there are still several critical barriers to growth

December 17, 2019 | Case Study

Fazer Group is one of Finland's largest food corporations, with its focus being mostly on bakery and confectionary products. As part of its sustainability initiatives, the company seeks to investigate low-carbon technologies applicable to food production. A result of this initiative is a strategic partnership formed with Solar Foods, a startup that is also based in Finland, with Fazer Group also providing $3.9 million in convertible debt to the startup. Solar Foods develops a CO2 utilization technology for producing single-cell proteins (SCP) from CO2