The Rise of Pekilo: A Novel Mycoprotein Revolutionizing the Alternative Protein Industry
Introduction
In the world of alternative proteins, Finnish biotech startup Enifer is making waves with its proprietary single-cell fungus-based protein, Pekilo. Originating from the 1960s and '70s, Pekilo was initially developed by the local paper industry to address pollution caused by production waste.
The Discovery of Pekilo
- Originally developed for animal feed
- Discovered accidentally in a lab setting
- Production refined over 15 years through biorefining and fermentation
The Resurgence of Pekilo
- Rediscovered by Enifer founders in 2020
- Decision to spin out a company from VTT Technical Research Centre of Finland
- Focus on reviving and extending production for human consumption
Funding and Factory Development
- Series B funding closed for €33 million
- First factory located in Kirkkonummi, Finland
- Utilizing food industry sidestream raw materials for production
Novel Features of Pekilo
- Processed into a dry powder for extended shelf life
- Mild and neutral flavor suitable for various food applications
- Utilizes dairy industry waste as a feedstock for production
Market Potential and Applications
- Intended for B2B use in the food industry
- Potential uses include patties, cold cuts, yogurts, cheeses, and more
- Aim to be cost-competitive with pea protein while enhancing product quality
Regulatory Clearance and Future Plans
- Applying for novel food clearance in the EU, Singapore, and the U.S.
- Confident in obtaining approval due to historical safety data
- Developing Pekilo for pet foods and exploring animal feed partnerships
Conclusion
Enifer's pioneering efforts in reviving and commercializing Pekilo showcase the potential of mycoproteins in the alternative protein market. With a focus on sustainability and quality, Pekilo is poised to make a significant impact as a versatile and cost-effective protein source for various applications.
