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BP. Bp Plc

510.40
-5.40 (-1.05%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.40 -1.05% 510.40 509.40 509.50 516.60 506.10 516.30 26,147,354 16:35:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.70 86.91B

Calysta, Maker of FeedKind Alternative Protein, Raises $39 Million Led by BP Ventures

09/09/2021 8:31pm

Dow Jones News


Bp (LSE:BP.)
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From May 2021 to May 2024

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By Josh Beckerman

 

Calysta Inc., an alternative protein producer, completed a $39 million financing round, led by BP PLC's BO Ventures.

Adisseo, AquaSpark and WTI and other investors participated.

According to a Wall Street Journal article in August, Meghan Sharp, head of BP Ventures, said BP PLC increased its focus on venture capital since establishing plans last year to reduce oil and gas production. BP's recent investments include geothermal company Eavor Technologies Inc.

Calysta's FeedKind protein is produced with a gas fermentation process using naturally occurring microbes. FeedKind products include feed ingredients for fish, livestock and pets.

The company describes FeedKind as a safe and effective alternative to the fishmeal and soy protein used in the aquaculture market, "allowing for the expansion of aquaculture without needing to catch more fish from the ocean or use more wild spaces to grow crops."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

September 09, 2021 15:16 ET (19:16 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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