Alternative protein companies Oatly, Benson Hill initiate plans to go public

US – Oatly and Benson Hill, two prominent alternative protein companies, have kickstarted the processes of going public in a bid to raise more equity to fund future growth prospects. Vegan milk firm Oatly said in a statement that it has commenced an initial public offering of 84,376,000 American Depositary Shares (ADSs), each representing one ordinary share offered by Oatly and certain selling shareholders. According to a report by Food Ingredients First, the company which is backed by high-profile investors including Oprah Winfrey, Jay Z, and Starbucks head Howard Schultz…

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Benson Hill doubles down on plant-based ingredients as research shows US$3.1Bn was invested alternative proteins in 2020

US –   Alternative protein ingredients company Benson Hill is launching two new business segments — Ingredients and Fresh — to help it meet growing demand for plant-based foods. The Ingredients unit will use Benson Hill’s work developing a genomic map for yellow pea to create new varieties. The company says its new products will have reduced off-flavors, higher protein content and will require less water, energy, and money to produce. The Fresh segment will develop and commercialize differentiated produce and functional foods by applying Benson Hill’s CropOS technology platform to…

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