RCS - Agronomics Limited - Clean Food Group Update

AgronomicsAnnouncement

Today 15:46

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260325:nRSY1398Ya&default-theme=true

RNS Number : 1398Y  Agronomics Limited  25 March 2026

25 March 2026

Agronomics Limited

("Agronomics" or the "Company")

Clean Food Group announces launch of CLEANOil™ ahead of in-cosmetics Global
debut

 

Agronomics (LSE: ANIC), a leading company in the field of clean food, is
pleased to announce that its portfolio company, Clean Food Group Limited
("CFG"), has announced the launch of its latest product - CLEANOil™, ahead
of its debut at the in-cosmetics Global trade event in Paris (14- 16 April
2026).

 

The platform launch marks the progression of CLEANOil™ from concept to
commercial reality, with market readiness achieved through its collaboration
with beauty manufacturer THG Labs.

 

Developed using CFG's proprietary fermentation technology and circular
feedstocks such as surplus bread, CLEANOil™ addresses multi-industry demand
for high-performance ingredients with reduced environmental impact. The
ingredient delivers the sensorial quality and functionality associated with
premium oils - rich, silky, and naturally high in Omega 6 and 7 - while
achieving a >95% reduction in greenhouse gas emissions compared to
conventional agricultural oils.

 

CLEANOil™ will be showcased in the Innovation Zone at in-cosmetics Global,
Paris, where CFG will present its approach to combining biotechnology and
circular feedstocks in the development of next-generation cosmetic
ingredients.

Jim Mellon, Executive Chair of Agronomics, said: " The beauty industry runs on
ingredients with complex, fragile supply chains, often dependent on
agricultural commodities vulnerable to climate volatility and geopolitical
disruption. CLEANOil™ offers a genuine solution to that supply chain
security problem. This is not a trade-off between performance and
sustainability: it is a better product, made in a better way, with a more
resilient and predictable supply chain. Clean Food Group is building exactly
the kind of business that I believe will define the next decade of industrial
transformation, and the commercial readiness they have achieved with THG Labs
is a very encouraging sign of what is to come."

 

To date, Agronomics has invested a total of £1.6 million in CFG which is,
subject to audit, currently carried at £7.0 million. This position represents
c.5.0% of Agronomics' last stated Net Asset Value as of 31st December 2025.

 

The full announcement is set out below, with no material changes:

 

Clean Food Group announces launch of CLEANOil™ ahead of in-cosmetics Global
debut

Biotechnology-derived ingredient platform reaches commercial readiness
following cross-industry collaboration

 

Clean Food Group (CFG) today announces the launch of CLEANOil™, its
biotechnology-derived ingredient platform for the beauty industry, ahead of
its debut at in-cosmetics Global in Paris (14- 16 April 2026).

 

The platform launch marks the progression of CLEANOil™ from concept to
commercial reality, with market readiness having been achieved through a
connected innovation ecosystem with full service beauty manufacturer THG Labs,
integrating biotechnology development, formulation validation and the
industrial scale-up of sustainable ingredients.

 

Developed using CFG's proprietary fermentation technology and circular
feedstocks such as surplus bread, CLEANOil™ addresses multi-industry demand
for high-performance ingredients with reduced environmental impact. The
ingredient delivers the sensorial quality and functionality associated with
premium oils -rich, silky, and naturally high in Omega 6 and 7 - while
achieving a >95% reduction in greenhouse gas emissions compared to
conventional agricultural oils.

 

CLEANOil™ reflects a broader shift in how ingredients are sourced and
produced, demonstrating the role of biotechnology and circular feedstocks in
enabling more sustainable supply chains.  The ingredient has been designed to
meet both environmental and performance requirements and has been evaluated
within real formulation systems. It is compatible across a wide range of
formats, maintaining colour and odour stability while delivering an elegant
sensorial profile.

 

Scalability has been a core consideration in the development of CLEANOil™.
CFG's fermentation platform and manufacturing process have been validated at
scale, supporting consistent production and facilitating adoption by global
brands.

 

CFG's collaboration with THG Labs has supported the translation of the
technology into a commercially viable ingredient. Through formulation
expertise and product development capabilities, the collaboration has enabled
CLEANOil™ to progress beyond proof of concept, with demonstrated performance
in finished products and across relevant application formats.

 

Alex Neves, CEO of Clean Food Group, said: "The launch of CLEANOil™ is a
defining moment for us as a business. We have always believed biotechnology
has the potential to fundamentally reshape how ingredients are made, and with
CLEANOil™, we are showing that sustainable alternatives can meet, if not
exceed, the performance expectations of the beauty industry. Just as
importantly, through our partnership with THG Labs, we have been able to
translate that science into something brands can confidently formulate with
today."

 

Kristal Goodman, Head of Product Innovation at THG Labs (part of THG PLC),
added: "What's been exciting about working with Clean Food Group is the
opportunity to support genuinely new biotechnology and help shape it for the
industry. Our role has been to prove that CLEANOil™ does not just work in
theory - it works in formulation, at scale, and within the demands of modern
beauty product development. That is what ultimately gives brands the
confidence to adopt new ingredients."

 

CLEANOil™ will be showcased in the Innovation Zone at in-cosmetics Global,
Paris, where CFG will present its approach to combining biotechnology and
circular feedstocks in the development of next-generation cosmetic
ingredients.

 

CFG expects that future ingredient innovation will be evaluated not only on
performance, but also on production methods and supply chain impact.
CLEANOil™ represents a step towards this transition.

 

- Ends -

 

About Clean Food Group

CFG is a leading UK biotech manufacturer of sustainable oils and fats for the
global food, cosmetic and pet food industries. Through its proprietary CLEAN
OilCell™ technology platform, CFG delivers functional oils (CLEAN Oil™)
and fats (CLEAN Fat™) at price parity to agriculture alternatives, whilst
meeting the growing need for local and sustainable production. In 2025, its
CleanOil™ 25 product received approval to be used as a cosmetics ingredient
in the UK, US and Europe.

 

Founded in 2022 after eight years of pioneering research, CFG manufactures its
oils and fats from food waste, leveraging scalable yeast strains and
fermentation technology to deliver sustainable alternatives to traditional oil
and fat ingredients. With the manufacturing process now validated at scale and
significantly bolstered by the transformation acquisition of a 1 million litre
fermentation facility in Knowsley, Liverpool in 2025, CFG has strategic and
industrial collaborations in place with leading global FMCG and ingredients
manufacturers and has a strong demand pipeline for its products.

 

CFG has a vastly experienced management team with a successful track record in
scaling businesses in high growth regulated industries. For more information
on CFG, please visit  Clean Food Group (https://cleanfood.group/) .

 

About THG Labs

THG Labs is a UK-based leader in beauty product development and manufacturing,
specialising in bespoke formulations for skincare, haircare, bodycare, and
suncare. Its multidisciplinary team  of in-house beauty experts includes
world-class cosmetic scientists, regulatory specialists, packaging
technologists, and highly experienced production professionals.

 

As the R&D and manufacturing arm of THG Beauty, THG Labs powers innovation
and product development for its brands and global names in beauty. THG Labs
offers cutting-edge solutions at every stage of the product journey - from
concept to consumer. Please visit  https://www.thglabs.com for more
information.

About Agronomics
Agronomics is a leading London-listed company focused on investment
opportunities within the field of cellular agriculture. The Company has
established a portfolio of over 20 companies developing technologies that
produce food and materials historically derived from animals, offering
solutions for improved sustainability, human health, and food security.

A full list of Agronomics' portfolio companies is available at
www.agronomics.im (http://www.agronomics.im/) .

For further information, please contact:

 

 Agronomics Limited   Beaumont              Cavendish Capital     Peterhouse            33Seconds

                      Cornish Limited       Markets               Capital               Limited

                                            Limited               Limited
 The Company          Nomad                 Joint Broker          Joint Broker          Public Relations
 Jim Mellon           Roland Cornish        Giles Balleny         Lucy Williams         Jack Ferris

 Denham Eke           James Biddle          Michael Johnson       Charles Goodfellow    Amber Carr
 +44 (0) 1624 639396  +44 (0) 207 628 3396  +44 (0) 207 397 8900  +44 (0) 207 469 0936  agronomics@33seconds.co

 info@agronomics.im

About Reach announcements

 

This is a Reach announcement. Reach is an investor communication service aimed
at assisting listed and unlisted (including AIM quoted) companies to
distribute media-only / non-regulatory news releases into the public domain.
Information required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an RNS
regulatory announcement and not on Reach.

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUVSVRNUUOUAR



            Copyright 2019 Regulatory News Service, all rights reserved