RCS - Seed Innovations Ltd - Investee Company Update: Clean Food Group

Seed InnovationsAnnouncement

28/11/2023 13:00

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RNS Number : 9438U  Seed Innovations Limited  28 November 2023

 

 

28 November 2023

 

SEED Innovations Limited

 

("SEED" or the "Company")

 

Investee Company Update: Clean Food Group

Clean Food Group and Roberts Bakery Partner to Pioneer Bread Waste Reduction

 

SEED Innovations Ltd, the AIM-quoted company investment company providing
shareholders with exposure to early-stage health, wellness and medical
cannabis companies, to which, in normal circumstances, they have limited
access to, is pleased to note the partnership agreement with Roberts Bakery
announced by its investee company Clean Food Group Ltd ("Clean Food Group" or
"CFG"), a UK-based food-tech business delivering sustainable oils and fats
solutions to the world's food and cosmetics manufacturers.

 

SEED owns 7,161,336 ordinary shares in CFG representing 5.4% of CFG on a fully
diluted basis.

 

The following announcement is set out without material changes or adjustments
and the announcement in full can be accessed from the following link:
: https://www.prnewswire.co.uk/news-releases/clean-food-group-and-roberts-bakery-partner-to-pioneer-bread-waste-reduction-in-the-baking-industry-301998181.html?tc=eml_cleartime
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.prnewswire.co.uk%2Fnews-releases%2Fclean-food-group-and-roberts-bakery-partner-to-pioneer-bread-waste-reduction-in-the-baking-industry-301998181.html%3Ftc%3Deml_cleartime&data=05%7C01%7Cana%40stbridespartners.co.uk%7Cc298b2ca6cd14f5abb6908dbf00514b3%7C48b7268319d344289c4b73cf144d89ed%7C1%7C0%7C638367676844742526%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=kn8ebXR7SMqbPX1Lda4s%2BZRojg52jmLleWGW1NwrO34%3D&reserved=0)

Start of CFG's announcement:

·      The novel partnership between Clean Food Group and Roberts Bakery
will see bread product waste transformed into valuable oils and fats

·      Roberts will be the first bakery in the UK to validate the use of
factory bread waste in the production of sustainable oils

·      The companies aim to establish a circular, sustainable ecosystem
to address the challenges of the strained food system in the UK

LONDON, Nov. 28, 2023 /PRNewswire/ -- The pioneering UK-based bio-tech
business Clean Food Group, today announces its groundbreaking partnership with
Roberts Bakery, one of the UK's leading bakery brands. The first of its kind
partnership will see Clean Food Group transform surplus bread products into
sustainable consumable oils. This collaboration marks a significant step
forward as both companies aim to address the pressing issue of food waste.

The partnership will focus on utilising Roberts Bakery's surplus bread as a
feedstock for Clean Food Group's proprietary fermentation technology. Waste
bread is a significant concern to producers and retailers, with studies
finding that nearly one million tons of bread are lost from the supply chain
each year(1). This innovative process will convert the discarded bread into
valuable oils and fats, showcasing the potential of circular economy
principles within the food industry.

The investigation is currently in the trial phase; in the future, the ambition
for this partnership is to create a circular ecosystem. In this process,
Roberts will be able to use the glucose syrup and oils created by their own
surplus bread supply, in their own bread and biscuits.

Professor Chris Chuck, Co-founder at Clean Food Group, who has been the
pioneering force behind the technology platform, said: "We're seeing some
great results from our early trials, irrespective of what the bread is, our
yeast can use not just the whole carbohydrate fraction but the protein and
microelements present as well. This all-in-one feed, gives us a real advantage
over using more complex media, in both performance and sustainability."

Will Harrop, Head of Sustainability and the Environment at
Roberts, said: "This partnership with Clean Food Group is an important one
for us here at Roberts.  We are committed to optimising the environmental and
social impact of our business and part of this is reducing the impact of food
waste, working towards our goal of Net Zero and supporting our Deforestation
and land use change plan. This partnership with Clean Food Group is also a
wonderful opportunity to investigate new ways to reduce the impact of our food
waste in the production of new oils and fats that have a positive impact on
the environment."

Clean Food Group is focused on scaling its technology, advancing the
regulatory pathways associated with bringing sustainable oils and fats to
market, and working closely with a range of commercial partners.

Clean Food Group Co-founder and CEO Alex Neves, said: "This is an exciting
time for Clean Food Group and we're delighted to be working with Robert's
Bakery on this first of its kind partnership. We're entering a new era for
oils and fats, one where we can address the biggest concerns in modern food
production, from limiting wasted food sources and creating more nutritionally
advanced food while reducing the environmental impact of traditional
ingredients."

End of CFG's announcement

 

- Ends -

 

 

 

For further information on the Company please
visit:    www.seedinnovations.co (http://www.seedinnovations.com/)
   or contact:

 

  Ed McDermott        SEED Innovations Ltd             E: info@seedinnovations.co 

 Lance de Jersey                                        
 James Biddle         Beaumont Cornish Limited,        T: (0)20 7628 3396

 Roland Cornish       Nomad                             
 Isabella Pierre      Shard Capital Partners LLP       T: (0)20 7186 9927

 Damon Heath          Broker
 Catherine Leftley    St Brides Partners Ltd,          E: info@stbridespartners.co.uk

 Ana Ribeiro          Financial PR

 Isabelle Morris

 

Notes

 

Seed Innovations Ltd

SEED Innovations is an AIM quoted investment company focused primarily on
disruptive high growth life sciences and technology businesses particularly
within the medical cannabis arena. The Company's strategy is to identify
early-stage opportunities that have an upcoming investment catalyst and grow
its portfolio in terms of value whilst limiting the number of investee
companies to a level where relevant time can be devoted to each.

 

About Clean Food Group

Clean Food Group is a UK-based food-tech business delivering sustainable oils
and fats solutions to the world's food and cosmetics manufacturers, with the
mission to deliver scalable, healthier, competitively priced ingredients that
have a positive impact on the economic, environmental, and social health of
the planet.

 

Clean Food Group is founded by a team with key experience in growing bio-tech,
food industry and retail businesses supported by established venture capital
and family office investors with a track record supporting fast-growth
start-up companies in highly regulated industries. Clean Food Group's
proprietary technology platform has been developed as a result of 8 years
pioneering research by Professor Chris Chuck, technical lead at Clean Food
Group, and the University of Bath.

 

 

 

 

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