Synbio Powerlabs secures $7M to fund precision fermentation pilot plant

December 28, 2022 |

In Finland, Synbio Powerlabs has secured €6.6 million funding for a unique biotechnology pilot plant for precision fermentation.

The Finnish Ministry of Employment and the economy organization Business Finland has granted €2.99 million in funding to Synbio Powerlabs for a pilot project specializing in precision fermentation and biotechnology. The state-of-the-art facility is part of a broad collaborative project to promote the next generation circular bioeconomy through biotechnology. To be built in Hämeenlinna, Southern Finland, it will enable companies and researchers to upscale biotechnology innovations to pre-commercial scale.

A US based investment company led by Alejandro Antalich, Nutrecon, has secured an additional €3.61 million investment to complete the required capital to build the state-of-the-art facility.

Category: Fuels

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