BioCity invests in carbon recycling start-up
BioCity, the Nottingham-based life science incubator, has made an undisclosed investment in Deep Branch Biotechnology, a Nottingham-based carbon recycling start-up.
Unlike traditional carbon storage technology that collects and stores carbon dioxide, Deep Branch’s carbon recycling solution converts carbon dioxide into sustainable single cell protein (SCP) producing a clean, nutritious and sustainable single cell protein alternative to soy and fishmeal for the feed industry.
Investment from BioCity will cover construction costs of a mobile production unit.
Deep Branch Biotechnology was founded in July 2018 by Peter Rowe and Rob Mansfield, who were named as part of Forbes’ European 30 Under 30 in Manufacturing and Industry in 2019.
The seed capital investment marks the twenty-sixth investment made by BioCity.
Dr Imelda Juniarsih from BioCity, said: “We were impressed with the potential this new technology has on reducing global emissions. Investing in very early stage companies is a priority for BioCity. We invest in young companies to support the development of new technologies which we think could have real impact.”
“We were also impressed with the Deep Branch co-founders and what they have accomplished in a relatively short time. Scientific lead, Bart Pander, has deep knowledge of gas fermentation, commercial lead Pete Rowe brings expertise in innovation management and operational lead, Rob Mansfield has extensive experience in successfully executing synbio projects. Together, they are a powerful team.”
Peter Rowe, Deep Branch CEO & co-founder said: “We view the next phase of our development as pivotal to the success of Deep Branch. BioCity have already supported us in many ways on our journey, but this significant financial backing will enable us to take our technology out of the lab and into the real world.”
