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SCOTLAND - Huge leap forward at biotech business

Scottish salmon will soon be fed with proteins recovered from the whisky production process after a biotechnology firm revealed it is close to building its first processing facility. After two successful large-scale proof of concept trials at a distillery in Dufftown, Horizon Proteins is finalising venture capital investment to set up a production hub in the North East of Scotland. “That has allowed us to start talking to investors and we can now go to the next stage where we can start building.”

April 5, 2017

Scottish salmon will soon be fed with proteins recovered from the whisky production process after a biotechnology firm revealed it is close to building its first processing facility.

After two successful large-scale proof of concept trials at a distillery in Dufftown, Horizon Proteins is finalising venture capital investment to set up a production hub in the North East of Scotland.

“That has allowed us to start talking to investors and we can now go to the next stage where we can start building,” said research and development director Jane White.

The proof-of-concept funding, which came via a £575,000 grant from Scottish Enterprise, was based on the firm achieving £5m in revenue within five years of operating, which Mr Diallo said was “at least what our goal is”.

The business should begin generating revenue in 2018, once the first plant is up and running.

Source: The Herald Scotland // Original Article

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