TIDMSEED
Seed Innovations Limited
28 November 2023
28 November 2023
SEED Innovations Limited
("SEED" or the "Company")
Investee Company Update: Clean Food Group
Clean Food Group and Roberts Bakery Partner to Pioneer Bread
Waste Reduction
SEED Innovations Ltd, the AIM-quoted company investment company
providing shareholders with exposure to early-stage health,
wellness and medical cannabis companies, to which, in normal
circumstances, they have limited access to, is pleased to note the
partnership agreement with Roberts Bakery announced by its investee
company Clean Food Group Ltd ("Clean Food Group" or "CFG"), a
UK-based food-tech business delivering sustainable oils and fats
solutions to the world's food and cosmetics manufacturers.
SEED owns 7,161,336 ordinary shares in CFG representing 5.4% of
CFG on a fully diluted basis.
The following announcement is set out without material changes
or adjustments and the announcement in full can be accessed from
the following link: :
https://www.prnewswire.co.uk/news-releases/clean-food-group-and-roberts-bakery-partner-to-pioneer-bread-waste-reduction-in-the-baking-industry-301998181.html?tc=eml_cleartime
Start of CFG's announcement:
-- The novel partnership between Clean Food Group and Roberts
Bakery will see bread product waste transformed into valuable oils
and fats
-- Roberts will be the first bakery in the UK to validate the
use of factory bread waste in the production of sustainable
oils
-- The companies aim to establish a circular, sustainable
ecosystem to address the challenges of the strained food system in
the UK
LONDON, Nov. 28, 2023 /PRNewswire/ -- The pioneering UK-based
bio-tech business Clean Food Group, today announces its
groundbreaking partnership with Roberts Bakery, one of the UK's
leading bakery brands. The first of its kind partnership will see
Clean Food Group transform surplus bread products into sustainable
consumable oils. This collaboration marks a significant step
forward as both companies aim to address the pressing issue of food
waste.
The partnership will focus on utilising Roberts Bakery's surplus
bread as a feedstock for Clean Food Group's proprietary
fermentation technology. Waste bread is a significant concern to
producers and retailers, with studies finding that nearly one
million tons of bread are lost from the supply chain each year(1) .
This innovative process will convert the discarded bread into
valuable oils and fats, showcasing the potential of circular
economy principles within the food industry.
The investigation is currently in the trial phase; in the
future, the ambition for this partnership is to create a circular
ecosystem. In this process, Roberts will be able to use the glucose
syrup and oils created by their own surplus bread supply, in their
own bread and biscuits.
Professor Chris Chuck, Co-founder at Clean Food Group, who has
been the pioneering force behind the technology platform, said:
"We're seeing some great results from our early trials,
irrespective of what the bread is, our yeast can use not just the
whole carbohydrate fraction but the protein and microelements
present as well. This all-in-one feed, gives us a real advantage
over using more complex media, in both performance and
sustainability."
Will Harrop, Head of Sustainability and the Environment at
Roberts, said: "This partnership with Clean Food Group is an
important one for us here at Roberts. We are committed to
optimising the environmental and social impact of our business and
part of this is reducing the impact of food waste, working towards
our goal of Net Zero and supporting our Deforestation and land use
change plan. This partnership with Clean Food Group is also a
wonderful opportunity to investigate new ways to reduce the impact
of our food waste in the production of new oils and fats that have
a positive impact on the environment."
Clean Food Group is focused on scaling its technology, advancing
the regulatory pathways associated with bringing sustainable oils
and fats to market, and working closely with a range of commercial
partners.
Clean Food Group Co-founder and CEO Alex Neves, said : "This is
an exciting time for Clean Food Group and we're delighted to be
working with Robert's Bakery on this first of its kind partnership.
We're entering a new era for oils and fats, one where we can
address the biggest concerns in modern food production, from
limiting wasted food sources and creating more nutritionally
advanced food while reducing the environmental impact of
traditional ingredients."
End of CFG's announcement
- Ends -
For further information on the Company please visit:
www.seedinnovations.co or contact:
Ed McDermott SEED Innovations Ltd E: info@seedinnovations.co
Lance de Jersey
James Biddle Beaumont Cornish Limited, T: (0)20 7628 3396
Roland Cornish Nomad
-------------------------- ------------------------------
Isabella Pierre Shard Capital Partners LLP T: (0)20 7186 9927
Damon Heath Broker
-------------------------- ------------------------------
Catherine Leftley St Brides Partners Ltd, E: info@stbridespartners.co.uk
Ana Ribeiro Financial PR
Isabelle Morris
-------------------------- ------------------------------
Notes
Seed Innovations Ltd
SEED Innovations is an AIM quoted investment company focused
primarily on disruptive high growth life sciences and technology
businesses particularly within the medical cannabis arena. The
Company's strategy is to identify early-stage opportunities that
have an upcoming investment catalyst and grow its portfolio in
terms of value whilst limiting the number of investee companies to
a level where relevant time can be devoted to each.
About Clean Food Group
Clean Food Group is a UK-based food-tech business delivering
sustainable oils and fats solutions to the world's food and
cosmetics manufacturers, with the mission to deliver scalable,
healthier, competitively priced ingredients that have a positive
impact on the economic, environmental, and social health of the
planet.
Clean Food Group is founded by a team with key experience in
growing bio-tech, food industry and retail businesses supported by
established venture capital and family office investors with a
track record supporting fast-growth start-up companies in highly
regulated industries. Clean Food Group's proprietary technology
platform has been developed as a result of 8 years pioneering
research by Professor Chris Chuck, technical lead at Clean Food
Group, and the University of Bath.
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November 28, 2023 07:51 ET (12:51 GMT)
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