Comet Bio invests in sustainable food manufacturing facility
Comet Bio, a manufacturer of healthy and sustainable ingredients, announced an investment with RE Energy to build a manufacturing facility in Denmark.
RE Energy, a REE Holding company, will upgrade and expand its existing facility in Kalundborg to supply over four million kilograms of Comet Bio’s Arrabina prebiotic fibre per year. RE Energy will operate the new facility under supervision of Comet Bio.
“We have great expectations that we, through the cooperation with Comet Bio, will be able to create and operate an innovative and sustainable manufacturing facility for this exciting new product,” said Henrik Maimann, CEO, RE energy.
Based in Ontario, Canada, and Illinois, U.S., Comet Bio uses its patented upcycling technology to produce ingredients from crop leftovers. Comet Bio recently completed a $25 million Series C financing and will use some of those proceeds for this investment.
“RE Energy is a great partner and we are excited to be investing with them to build a dedicated manufacturing facility,” said Comet Bio, CEO, Rich Troyer. “This partnership will allow us to serve our customers’ needs for a prebiotic fiber that is fully soluble and easy to add to nutrition bars, baked goods, beverages or any other format that consumers go to for gut health benefits.”