At BP Ventures, we are committed to finding markets that can help us all live in a more sustainable world. A large part of this comes from finding synergies between our portfolio of business assets and some of the most exciting innovations in the world today.
This is why we are so excited about our new partnership with Calysta, whose fermentation technology harnesses the power of a naturally-occurring process to turn natural gas into FeedKind® protein – a sustainable and traceable feed product for fish, livestock and pets.
Best of all, it helps increase the global food supply.
But why is this important? The continued growth of the population means we have to produce more protein to meet rising demand – and we have to do it soon. By 2050, we will likely need 50% more protein. Unfortunately, many of the food production techniques we use at the moment are already at their limits.
By converting gas into food, we can make better use of the resources we already have and ensure more of the food we grow can go directly into the human food chain and not be used to feed fish or livestock which are ultimately destined for our plates.
More food and less pressure on our natural resources. It is an extraordinary opportunity.
This makes our partnership with Calysta an important moment for both companies.
By combining our skills, expertise and resources, we are presenting the world with a scalable and safe solution that can improve global food security and sustainability – and in a way that allows BP to meet our strategic goal of growing our gas business.
As I prepare to take a seat on the Calysta board, I’m both excited and energized by the challenge that awaits us as Calysta scales up FeedKind fermentation technology to global production scale. Calysta’s mission is to make more from less – something we look forward to achieving with FeedKind protein in the years ahead.
David Hayes, Senior Principal, BP VenturesBack to journal