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Comet Bio and RE Energy Announce Investment in Sustainable Food Manufacturing Facility

In December 2021, Canadian company Comet Bio, a manufacturer of healthy and sustainable ingredients, announced an investment with Danish company RE Energy to build a dedicated manufacturing facility in Denmark. 
RE Energy will upgrade and expand its existing facility in Kalundborg to supply over 4 million kilograms of Comet Bio's Arrabina prebiotic fiber annually. RE Energy will operate the new facility under supervision of Comet Bio.

Based in Ontario, Canada, and Illinois, USA, Comet Bio uses its patented upcycling technology to produce innovative ingredients from crop leftovers. Its Arrabina Arabinoxylan Plant Fiber Extract is a premium prebiotic dietary fiber with superior tolerability and functionality. Arrabina is clinically proven to promote growth of beneficial bacteria in the gut, help maintain healthy blood glucose levels, and support immunity.

Comet Bio can extract the prebiotic arabinoxylan for its Arrabina from a variety of sources such as wheat straw, brewer's grains, corn stover and pea husks. The RE Energy facility will partner with Danish farmers to source local wheat straw for Arrabina production. The partnership will benefit the farmers, as they will be able to fully utilize their harvest, thus providing a new revenue stream while also improving circularity of the food chain.
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"RE Energy is a great partner and we are excited to be investing with them to build a dedicated manufacturing facility. This partnership will allow us to serve our customers' needs for a prebiotic fiber that is fully soluble and easy to add to nutrition bars, baked goods, beverages or any other format that consumers go to for gut health benefits."
Rich Troyer CEO, Comet Bio
RE Energy's facility is part of the larger Kalundborg Eco Industrial Park (Kalundborg Symbiosis); an industrial network of public and private companies located in Kalundborg, Denmark. The Park applies a circular approach to production in which one manufacturer's residual output provides resources to another. The RE Energy facility uses renewable power and this investment will enable ultra-low-carbon production of the Arrabina as well as the existing production of advanced biofuel and lignin.
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"We have great expectations that we, through the cooperation with Comet Bio, will be able to create and operate an innovative and sustainable manufacturing facility for this exciting new product."
Henrik Maimann CEO, RE Energy

Support from Invest in Denmark and Copenhagen Capacity 

Invest in Denmark and Copenhagen Capacity have been in dialogue with Comet Bio and RE Energy since early spring 2021, helping with the implementation of the investment. The services provided by Invest in Denmark and Copenhagen Capacity have, among other things, been; Danish framework conditions, guidance on entity establishment, legal services, introductions to the Danish ecosystem and R&D opportunities. 


Do you want to learn more about setting up a business in Denmark? Contact our investment managers for more information.