Arkeon, A Startup Turning CO2 Into Protein, Files for Insolvency

Arkeon, A Startup Turning CO2 Into Protein, Files for Insolvency

4 Mins Read Austrian biotech firm Arkeon, known for its gas fermentation technology to make proteins from air, has filed for insolvency. Vienna-based gas fermentation firm Arkeon has filed for insolvency, a marker of the investment and financial challenges facing the alternative protein sector. The startup upcycled carbon into amino acids, helping industries decarbonise while producing valuable proteins that aren’t a threat to the planet. In a L…

Breaking: Gas fermentation 'protein from air' startup Arkeon files for insolvency... 'Every failure teaches us something new'

Vienna-based gas fermentation startup Arkeon has filed for insolvency. In a LinkedIn post Thursday,  cofounder and CEO Dr. Gregor Tegl explained: “While this is a difficult moment, I am incredibly grateful for everyone who believed in our vision for sustainable protein production via gas fermentation.” He added: “Although Arkeon’s journey has come to an end, my belief in the potential of sustainable biotechnologies remains as strong as ever. Eve…