BP: invests in Californian biotech start-up Calysta
(CercleFinance.com) - BP said on Thursday that it has invested 30 million dollars in Californian biotech start-up Calysta, which uses natural gas to produce protein for fish, livestock and pet food.
Calysta's gas fermentation technology produces sustainable protein that can be used for fish, livestock and pet nutritional products to help meet growing demand for the aquaculture and broader agriculture markets, without the environmental impacts of current methods, BP said.
The oil giant is trying to find new markets in which gas can play a role in a more sustainable way.
The global aquaculture market is expected to grow up to 25% by 2025, BP said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Calysta's gas fermentation technology produces sustainable protein that can be used for fish, livestock and pet nutritional products to help meet growing demand for the aquaculture and broader agriculture markets, without the environmental impacts of current methods, BP said.
The oil giant is trying to find new markets in which gas can play a role in a more sustainable way.
The global aquaculture market is expected to grow up to 25% by 2025, BP said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.