02 Jan 2023 — Vienna-based Arkeon has received an additional €4 million (US$4.27 million) in capital to advance its CO2 utilization technology, which converts carbon dioxide into protein ingredients. To date, the company has accumulated over €10 million (US$10.69 million) in funding for its technology buildout, infrastructure expansion and product development, as it works to disrupt food production on a global scale.
Arkeon says that by producing functional, nutritious and environmentally sustainable protein ingredients, it can transition industries that require a lot of resources to low-emission systems.