Brief: AAK Invests In Start-Up Company Green-On

AAK AB (publ)

18/07/2022 07:32

July 18 (Reuters) - AAK AB (publ.)  AAK.ST :
    * SAID ON FRIDAY IT HAS DECIDED TO INVEST IN
GOTHENBURG-BASED
GREEN-ON, A START-UP COMPANY IN THE FOOD TECH INDUSTRY
    * INVESTMENT HAS NO SIGNIFICANT IMPACT ON AAK'S EARNINGS
    * GREEN-ON'S CONCEPT IS BASED ON THE SO-CALLED POWER-TO-X
TECHNOLOGY, AMBITION WITH WHICH IS TO CREATE RAW MATERIALS - IN
THIS CASE OILS AND FATS FOR FOOD AND OTHER USES - DIRECTLY FROM
CARBON DIOXIDE, RENEWABLE ENERGY AND WATER
    * AS PART OF THE INVESTMENT, AAK WILL PROVIDE ITS EXPERTISE
IN
OILS AND GREASES AND OFFER RESOURCES TO SUPPORT AND FURTHER
DEVELOP GREEN-ON AND ITS WORK

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr8XhsmN
 Further company coverage:  AAK.ST  

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