BP’s investment arm has just invested $30 million in Calysta, a California-based company that produces alternative protein for fish and animal feeds
The funds would help the California company roll out its Feedkind protein globally, produced from bacteria which feed on methane in natural gas.
BP and peers are betting on growing demand for natural gas, the least polluting fossil fuel, as the world transitions to cleaner forms of energy.
Unlike fishmeal and soy protein concentrate, the technology is more sustainable in that it does not capture wild fisheries and uses less water and agricultural land.
So what?
The investment would see BP supplying gas to Calysta, who may become an important customer of the oil & gas giant given the growing demand for sustainable animal feed.
This is despite the California-based company asserting that it would attempt to use renewable methane over natural gas on previous occasions.
“This could become a reasonably material part of our gas supply business over time,” said BP’s vice president for long-term planning.
