Mitsubishi Corporation partners with Unibio
Thursday, December 5, 2019
Unibio has raised additional capital from Mitsubishi Corporation to support the roll out of projects on a global scale. “We are very pleased to welcome Mitsubishi as a shareholder and partner,” said Unibio Group CEO, Henrik Busch-Larsen. “Having a world-renowned partner, with an excellent track record, brings a lot of momentum to Unibio. It has been a pleasure working with the Mitsubishi team, we have built trust and a very good relationship, and I would like to thank Mitsubishi for their support and their commitment to the Unibio vision,” said Busch-Larsen.
Mitsubishi Corporation is a global integrated business company that develops and operates businesses together with its offices and subsidiaries in approximately 90 countries and regions worldwide, as well as a global network of around 1,400 group companies. The company has ten business groups that operate across virtually every industry. Through these ten business groups, Mitsubishi Corporation’s current activities have expanded far beyond its traditional trading operations to include project development, production and manufacturing operations, working incollaboration with trusted partners around the globe.
The companies will together develop the alternative protein business. Mitsubishi Corporation considers that it has a variety of existing and potential functions to add value and develop the new single-cell protein business model covering the entire methane-to-food value chain. Unibio is an alternative protein company with core competences in microbial fermentation technologies. In collaboration with the Technical University of Denmark and other partners, Unibio has developed a range of innovative technologies under the U-Loop® brand. These technologies allow the cost-effective, large-scale conversion of methane (natural gas or biogas) into high-quality protein using methanotrophic (“methane-eating”) microbes.
Unibio has its pilot and R&D facilities and demonstration plant in Denmark. The first full-scale production plant, constructed and operated by Unibio’s partner Protelux, is being commissioned in Russia. The company has signed two license agreements for the U-Loop® technology, one for the Russian Federation and one for the USA.
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