Comet Bio to invest in sustainable food manufacturing facility
The dedicated facility will increase the supply of Arrabina prebiotic fiber to over 4 million kilograms annually.
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LONDON— Ingredients manufacturer Comet Bio has announced plans to invest in RE Energy to build a dedicated manufacturing facility in Denmark. RE Energy, a REE Holding company, will upgrade and expand its existing facility in Kalundborg to supply over 4 million kilograms of Comet Bio’s Arrabina prebiotic fibre per year. RE Energy will as well operate the new facility under supervision of Comet Bio.
Based in Ontario, Canada, and Illinois, USA, Comet Bio uses its patented upcycling technology to produce innovative ingredients from crop leftovers. Comet Bio recently completed a $25 million Series C financing and will use some of those proceeds for this investment.
According to Comet Bio, its Arrabina Arabinoxylan Plant Fibre Extract is a premium prebiotic dietary fibre with superior tolerability and functionality. The company stated that Arrabina is clinically proven to promote growth of beneficial bacteria in the gut, help maintain healthy blood glucose levels, and support immunity.
“RE Energy is a great partner and we are excited to be investing with them to build a dedicated manufacturing facility,” said Comet Bio CEO Rich Troyer in a statement.
“This partnership will allow us to serve our customers’ needs for a prebiotic fiber that is fully soluble and easy to add to nutrition bars, baked goods, beverages or any other format that consumers go to for gut health benefits.”
RE Energy’s facility is part of the larger Kalundborg Eco Industrial Park which is an industrial network of private and public companies located in Kalundborg, Denmark.
The Park applies a circular approach to production, in which one manufacturer’s residual output provides resources to another. The RE Energy facility uses renewable power and this investment will enable ultra-low-carbon production of the Arrabina as well as the existing production of advanced biofuel and lignin.
“We have great expectations that we, through the cooperation with Comet Bio, will be able to create and operate an innovative and sustainable manufacturing facility for this exciting new product,” says Henrik Maimann, CEO of RE energy in a statement.