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The Silicon Review Asia

ADM, Asia Sustainable Foods Platform Announce a JV

ADM, Asia Sustainable Foods Platform Announce a JV

The Joint Venture will serve fast-growing demand for microbial-based alternative protein in Singapore

ADM and Asia Sustainable Foods Platform, Temasek's wholly owned company focused on commercialization of sustainable foods in Asia, have announced a joint venture that will provide technology development and precision fermentation for companies serving the growing consumer demand for a wide variety of bio-based products, including alternative protein, in Singapore and the wider Asia-Pacific region.

This joint venture will act as a one-stop-shop for startups and businesses across APAC that are looking for support in food-grade fermentation, downstream processing, consulting, and lab services. The joint venture will also look to help customers, from bench to pilot scale, and would specialize in the development of microbial-based proteins to create alternatives to meat and dairy proteins and other in-demand food and beverage solutions.

“We’re proud to advance a proposed partnership with Temasek’s Asia Sustainable Foods Platform and the Singapore Economic Development Board to bring our unparalleled precision fermentation expertise to companies across APAC who are meeting the growing demand for alternative proteins,” said ADM Chairman and CEO Juan Luciano.

This joint venture will be supported by the Singapore Economic Development Board.

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