🌳 Enviro Futures #1

HolonIQ's environment futures coverage for the week ahead.

Our Climate Tech coverage has grown significantly, and due to popular demand, we're splitting it into weekly Energy Futures, Enviro Futures, Infra Futures, and Mobility Futures newsletters over the coming weeks.

This newsletter is 'Enviro Futures,' and you can update your subscriptions to any of the other weekly newsletters here.

Happy Monday 👋

British sugar refinery company Tate and Lyle completed its $1.8B acquisition of CP Kelco this week as it looks to expand into the sugar refining and derivative market. Alternative Food production witnessed a bit of traction this week with plant-based beverage manufacturer Califa Farms acquiring Uproot Inc., a US company specializing in plant-based milk dispensers for the food service industry, while Onego Bio, a company producing precision-fermented egg protein, secured €14 million in funding from the EU. The UN outlined its view that multinationals should not be allowed to be considered carbon-negative by using offset agreements amidst a rising wave of offset purchases. 

🌱 Food System Developments

💰 Tate & Lyle Acquires CP Kelco for $1.8B to Expand Sugar Reduction Offerings. Tate & Lyle, a British company originating as a sugar refinery in 1859, acquired CP Kelco for $1.8B as part of a strategic expansion into sugar reduction ingredients and stabilizers.

🥤 Califia Farms Acquires Uproot's Plant-Based Milk Dispensers. Califia Farms, a California-based premium plant-based beverage brand, acquired Uproot Inc., a New York company specializing in plant-based milk dispensers for the food service industry.

🥚 Onego Bio Raises $15.3M to Scale Egg Protein Production. Onego Bio, a company producing precision-fermented egg protein, secured €14 million in funding from the EU Accelerator and a Series A round.

🌲 Carbon Markets Developments

🌳 New Funding for the Carbon Capture Project in Scotland. John Swinney, a Scottish Government official, is allocating new funding for a carbon capture and storage project in the northeast of Scotland, which is considered a landmark initiative.

🌱 CarbonBlue Secures $10M Seed Funding for CO2 Removal Tech. CarbonBlue, a climate-tech startup focused on water-based CO2 removal, raised $10M in a seed funding round.

🌳 UN attacks companies’ reliance on carbon credits to hit climate targets. The UN outlined its opposition to companies using credits to cancel out their carbon dioxide footprint, putting it on a collision course with big oil and technology groups.

♻️ Circular Economy Developments

♻️ Indonesia and IAEA Collaborate on Nuclear Tech to Recycle Plastic Waste. The National Research and Innovation Agency (BRIN) of Indonesia, in collaboration with the International Atomic Energy Agency (IAEA), is developing Nuclear Technology for Controlling Plastic Pollution (Nutec Plastic) to tackle plastic waste problems.

🌱 VC Fund Focused on Food and Water Security Launches. Natural Ventures, a venture capital firm, announced the initial closing of its first fund aimed at investing in solutions for global food and water security challenges.

🌳 Terex Acquires Environmental Solutions Group. Terex Corporation has agreed to acquire Environmental Solutions Group (ESG) from Dover Corporation. This involves companies Terex Corporation and Dover Corporation.

💰 Environment Deals

💰 Tate & Lyle Acquires CP Kelco for $1.8B to Expand Sugar Reduction Offerings. Tate & Lyle, a British company originating as a sugar refinery in 1859, acquired CP Kelco for $1.8B as part of a strategic expansion into sugar reduction ingredients and stabilizers. 

🌱 Micropep Raises $29M to Develop Eco-Friendly Pesticides. Micropep, a company developing cleaner peptide-based pesticides, raised $29 million in Series B funding to further its efforts.

🥚 Onego Bio Raises $15.3M to Scale Egg Protein Production. Onego Bio, a company producing precision-fermented egg protein, secured €14 million in funding from the EU Accelerator and a Series A round.

🌱 CarbonBlue Secures $10M Seed Funding for CO2 Removal Tech. CarbonBlue, a climate-tech startup focused on water-based CO2 removal, raised $10M in a seed funding round.

🌱  Dutch Startup NoPalm Ingredients Raises €5M for Sustainable Palm Oil Alternative. NoPalm Ingredients, a Dutch biotech startup producing yeast oils as a sustainable alternative to palm oil, raised €5 million in seed funding.

Thank you for reading. Have a great week ahead!
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