AppHarvest secures US$75m investment from Rabobank as AAK signs US$476m sustainability linked credit facility

US – AppHarvest, a leading AgTech specializing in the development of high-tech indoor farms, has secured US$75 million from Rabo AgriFinance, a subsidiary of Rabobank.  According to a statement from the Kentucky based company, the funds will be used to fuel expansion of its rapidly growing network of high-tech controlled environment agriculture (CEA) facilities in Central Appalachia.   AppHarvest  builds some of the world’s largest high-tech indoor farms that grow non-GMO, chemical pesticide-free produce.  The company says its farms use up to 90% less water than open-field agriculture and only recycled rainwater while producing yields up to 30 times that…

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AAK partners Mars, NGOs and impact investor to undertake decade-long sustainable shea initiative in Ghana

GHANA – The global specialist in plant-based oils, AAK, has joined forces with global confectionery, food, and pet care company Mars Incoporated, several leading NGOs, and an impact investment fund to undertake the Women in Shea (WISH) initiative in Ghana. WISH, scheduled to run until 2030, aims to improve the livelihoods of women working in Ghana’s shea supply chain. Stakeholders in the initiative have the common goal to bring economic and social benefits to 13,000 women shea collectors from more than 150 communities in Northern Ghana. It also seeks to…

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Food ingredients supplier AAK appoints Tomas Bergendahl as new Chief Financial Officer

SWEDEN – AAK, a global food ingredients company, has appointed Tomas Bergendahl as its new Chief Financial Officer of AAK, replacing Fredrik Nilsson who has decided to pursue new opportunities outside of AAK. According to a statement from AAK, Tomas- a seasoned and highly experienced financial expert, is expected to assume his new role before August 1 this year. Tomas joins AAK from COWI Holding A/S – a leading international consulting group within engineering, economics and environmental science based in Denmark- where he served as CFO and Executive Vice President.…

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AAK to establish innovation center for plant based-foods in Netherlands

NETHERLANDS – Leading provider of specialty vegetable oils and fats AAK has announced plans to establish a new global innovation center for plant-based foods at its existing premises in Zaandijk, the Netherlands. The center which is expected to be operational before the end of 2021 will feature two pilot plants, an analytical laboratory, a customer experience kitchen and a sensory suite. AAK says that the new center will allow customers to leverage on the company’s state of the art facilities and expertise to develop and bring plant-based food and beverages.…

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Food ingredients company AAK launches Illexao, a super compound for chocolate manufacturers

SWEDEN — AAK, a Swedish-Dansih company that is a leading provider of value-adding vegetable oils and fats, has developed Illexao, a new super compound for the chocolate industry. Illexao is a blend of shea butter and palm oil with the main fat phase of the “super compound” comprising of vegetable fats with a similar composition to cocoa butter. This means it is fully compatible with cocoa butter, allowing chocolate manufacturers to use it in their products to reduce costs while adding cocoa mass to their formulations. According to AAK, Illexao…

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