Bond Pet Foods Achieves Key Milestone For Sustainable Protein Production
DOUGLAS, ISLE OF MAN / ACCESSWIRE / February 6, 2024 / Agronomics Limited (“Agronomics” or the “Company”) Agronomics (LON:ANIC), a number one listed firm in mobile agriculture, is happy to announce that its portfolio firm Bond Pet Foods (“Bond”), the US-based firm that produces animal proteins by means of precision fermentation, has delivered two metric tons of animal protein to one of the vital fashionable pet meals suppliers within the US, Hill’s Pet Nutrition Inc (“Hill’s”) – a division of the Colgate-Palmolive Company.
This represents a significant milestone towards Bond commercialising its fermentation expertise for pet meals purposes. The scale of the supply will enable Hill’s to formulate a wide range of take a look at merchandise at its Pet Nutrition Center in Topeka, Kansas, for regulatory overview and analysis. That information will probably be used for the ingredient’s eventual overview by the U.S. Food and Drug Administration’s Center for Veterinary Medicine, in addition to to arrange prototypes for market analysis.
The business settlement reinforces a robust partnership between Bond and Hill’s after the businesses first introduced a three way partnership in 2021 to develop a supply of extra sustainable animal protein to fulfil the dietary wants of dogs and cats. In the U.S. alone, 74 million dogs and 56 million cats in households at present devour important quantities of animal-based protein. As a consequence, a 2017 examine revealed within the scientific journal PLUS One discovered that pets alone account for 30% of the carbon dioxide emissions related to home meat consumption.
Agronomics holds 531,692 Series A Preferred Shares, representing an fairness possession of 1.85% in Bond.
Rich Kelleman, Founder and CEO of Bond Pet Foods stated:
“Producing two tons of product on the 45,000-litre scale is a significant milestone within the Bond-Hill’s collaboration. Hill’s dedication to broaden on our work collectively demonstrates the chance we collectively see in Bond’s components for the pet trade’s meals future.“
Jim Mellon, Co-Founder and Executive Chair of Agronomics commented:
“The rising business partnership with Hill’s, considered one of America’s hottest pet meals suppliers, reveals the speedy progress being made towards taking these merchandise to market. Prototype and market analysis is among the remaining steps towards regulatory approval, and we await the outcomes with anticipation. Many congratulations to Bond on its distinctive work to date.”
About Agronomics
Agronomics is a number one listed different proteins firm with a give attention to mobile agriculture together with precision fermentation and cultivated meat. The Company has established a portfolio of over 20 corporations on this quickly advancing sector. It seeks to safe minority stakes in corporations proudly owning applied sciences with defensible mental property that provide new methods of manufacturing meals and supplies with a give attention to merchandise traditionally derived from animals. These applied sciences are driving a significant disruption in agriculture, providing options to enhance sustainability, in addition to addressing human well being, animal welfare and environmental injury. This disruption will decouple provide chains from the surroundings and animals, in addition to being elementary to feeding the world’s increasing inhabitants. A full record of Agronomics’ portfolio corporations is available at https://agronomics.im/.
About Bond Pet Foods
Bond Pet Foods is a Boulder, Colorado-based firm utilizing biotechnology to create meat proteins which might be nutritionally corresponding to their typical counterparts however with out all of the related dangerous materials – so individuals, pets, livestock and the planet all win. Using among the identical processes which might be employed in craft brewing, Bond produces high-quality animal proteins by means of fermentation, harvests them to raised meet the dietary necessities of companion animals, and provides the components to producers for pet meals, deal with and complement purposes.
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Agronomics Limited |
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The Company |
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Jim Mellon Denham Eke |
Roland Cornish James Biddle |
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Giles Balleny Michael Johnson |
Lucy Williams Charles Goodfellow |
Bob Huxford |
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SOURCE: Agronomics Limited
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