By Josh Beckerman

 

Calysta Inc., an alternative protein producer, completed a $39 million financing round, led by BP PLC's BO Ventures.

Adisseo, AquaSpark and WTI and other investors participated.

According to a Wall Street Journal article in August, Meghan Sharp, head of BP Ventures, said BP PLC increased its focus on venture capital since establishing plans last year to reduce oil and gas production. BP's recent investments include geothermal company Eavor Technologies Inc.

Calysta's FeedKind protein is produced with a gas fermentation process using naturally occurring microbes. FeedKind products include feed ingredients for fish, livestock and pets.

The company describes FeedKind as a safe and effective alternative to the fishmeal and soy protein used in the aquaculture market, "allowing for the expansion of aquaculture without needing to catch more fish from the ocean or use more wild spaces to grow crops."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

September 09, 2021 15:16 ET (19:16 GMT)

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