RCS - Agronomics Limited - Clean Food Group Update

AgronomicsAnnouncement

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RNS Number : 6229A  Agronomics Limited  15 April 2026

Agronomics Limited

("Agronomics" or the "Company")

 

Clean Food Group secures £4.5 million investment led by Clean Growth Fund and
New Agrarian

and awarded £0.7 million Innovate UK grant

 

Agronomics (LSE: ANIC), the leading listed company focused on clean food,
announces that portfolio company Clean Food Group Limited ("CFG") has secured
a new £4.5 million investment led by Clean Growth Fund and New Agrarian
Company Limited. CFG has also secured a £0.7 million non-dilutive grant from
Innovate UK, further strengthening the Company's financial position.

 

The funding was announced at in-cosmetics Global Paris, the leading global
event for personal care ingredients, and will be used to complete the scale-up
of CFG's one million-litre fermentation manufacturing facility in Knowsley,
Liverpool. The investment will expand production capacity and accelerate
commercialisation of CFG's high-performance oils and fats.

 

The Knowsley site positions CFG as the world's largest manufacturer of
yeast-derived oils and fats, enabling the company to meet growing global
demand for sustainable, locally produced alternatives to traditional
agricultural and tropical oil supply chains. The global sustainable food
market was valued at US$ 315 billion in 2024 and is projected to reach US$ 524
billion by 2032 at a CAGR of 6.7%.

 

Jim Mellon, Executive Chair, Agronomics, said: "Supply chain fragility is one
of the defining risks of our time. War, climate volatility and trade disputes
are presenting a significant challenge to manufacturers; ingredients once
assumed to be readily available are no longer guaranteed. Clean Food Group is
addressing this head-on, using scalable science and technology to build
resilience and sustainability into how we produce and source key ingredients
used across food and cosmetics. This funding will accelerate CFG's
commercialisation and impact, and we look forward to continuing to support the
company on its journey."

To date, Agronomics has invested a total of £1.6 million in CFG which,
subject to audit, is currently carried at £7.0 million. This position
represents c.5.0% of Agronomics' last stated Net Asset Value as of 31 December
2025. As this investment round is structured as a convertible loan note
("CLN"), Agronomics' current equity interest in CFG remains unchanged. As the
CLN does not imply an equity valuation for CFG unless and until converted,
Agronomics does not consider that this transaction has any impact on the
carrying value of its existing shareholding.

 

Jim Mellon is the Co-Chair of CFG, Chair of SEED Innovations Limited ("SEED")
and Chair of New Agrarian Company Limited ("NACL"), an affiliate company of
Agronomics. SEED contributed £260,000 to the CLN and NACL US$ 2 million.

 

The full announcement from CFG is set out below, reproduced without material
change:

 

Clean Food Group

('CFG' or the 'Group')

 

£4.5 million investment led by Clean Growth Fund and New Agrarian

 

Funding to accelerate scale-up of world-leading Knowsley fermentation facility

 

Clean Food Group, a leading UK biotech manufacturer pioneering sustainable
oils and fats through fermentation, confirms a £4.5 million investment led by
Clean Growth Fund and New Agrarian, two specialist investors dedicated to
fostering sustainable growth in food technology. CFG has also secured a
£700,000 non-dilutive grant from Innovate UK, further strengthening the
Company's financial position.

 

Following the acquisition of CFG's one million-litre fermentation
manufacturing facility in Knowsley, Liverpool in September 2025, this
funding-announced today at the Company's in-cosmetics Global debut in
Paris-provides capital to complete the scale-up of the site, expand production
capacity and accelerate commercialisation of the Company's high-performance
oils and fats.

 

The Knowsley site positions CFG as the world's largest manufacturer of
yeast-derived oils and fats, enabling the Company to meet growing global
demand for sustainable, locally produced alternatives to traditional
agricultural and tropical oil supply chains. The global sustainable food
market was valued at US$315 billion in 2024 and is projected to reach US$524
billion by 2032 at a CAGR of 6.7%.( 2  (#_ftn2) )

 

CFG's proprietary fermentation platform supports the manufacture of
high-performance oils and fats that can deliver both sustainability and
functionality at commercial scale, helping industries transition toward
cleaner, more resilient ingredient systems across food, cosmetics and pet
nutrition markets.

 

The Group continues to appreciate the support from its existing shareholders
including institutional investor SEED Innovations and industry partner Döhler
Group, one of the world's leading ingredient companies who are also supporting
CFG's commercial scale up.

 

Tom Ellen, Chief Financial Officer of Clean Food Group, said: "We are
extremely pleased to have the continued support of Clean Growth Fund and a new
partner in New Agrarian, two highly respected specialist investors in
sustainable food and industrial biotechnology.

 

"Their support, together with the Innovate grant, represents a strong
endorsement of Clean Food Group's significant progress and the scale of the
opportunity ahead. The capital raised will enable the Company to bring on
stream the world's largest yeast-derived oils and fats facility and to deliver
on our long-term vision for sustainable food manufacturing."

 

Rodrigo Hortega de Velasco, Managing Partner at Döhler Ventures, the
strategic investment arm of Döhler Group, commented: "We are pleased to
support Clean Food Group in this latest funding round and proud to have been
part of the Company's scale-up journey to date. CFG has consistently
demonstrated both the strength of its technology and the commercial potential
of its sustainable oils and fats platform. The acquisition of the Knowsley
facility marks a significant milestone, enabling production at a scale that
brings these innovative products closer to widespread commercial reality. We
look forward to continuing our collaboration as CFG advances towards
full-scale market deployment."

 

Jim Mellon, Chairman and Founder of New Agrarian, added: "Supply chain
fragility is one of the defining risks of our time. War, climate volatility,
and trade disputes are presenting a huge challenge to manufacturers; the
ingredients we assumed would always be available are no longer guaranteed.
Clean Food Group is addressing this problem head-on, using scalable science
and technology to build genuine resilience and sustainability into the way we
produce and source key ingredients used in everything from food to cosmetics.
For me, this sits at a rare intersection: a compelling investment case and a
genuine solution to one of the most pressing challenges of our generation."

 

Building the future of sustainable oils and fats

Clean Food Group's mission is to enable a more sustainable and resilient
global food system by producing essential oils and fats through fermentation,
using food waste feedstocks and scalable microbial production.

 

The Company is focused on reshaping how key ingredients are made, supporting
the transition toward localised, low-impact manufacturing that reduces
reliance on environmentally damaging supply chains, while meeting the needs of
global consumer and industrial markets.

 

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 an experienced management team with a successful track record in
scaling businesses in high growth regulated industries. For more information
on CFG, please visit cleanfood.group (http://www.cleanfood.group/) .

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     Canaccord Genuity Limited  33Seconds

                      Cornish Limited       Markets                                          Limited

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

 Denham Eke           James Biddle          Michael Johnson       Harry Pardoe               Amber Carr
 +44 (0) 1624 639396  +44 (0) 207 628 3396  +44 (0) 207 397 8900  +44 (0) 207 523 8000       agronomics@33seconds.co

 info@agronomics.im

 

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