Kernel Initiates Strategic Growth Plans
The alternative protein market is set to be worth $290 billion by 2035
The alternative protein market is set to be worth $290 billion by 2035 and Kernel™ is turning that trend into product demand.
Growth plans include strategic partnerships with food producers, augmented by Kernel™ own facilities. These new plants are enabled by the strategic capital from Union Group Ventures, the investment conglomerate which has become a substantial stakeholder in the business.
The company hinted at a potential public listing in 2022, supported by Union Group Ventures, in order to accelerate further Kernel’s ambitious plans, which includes a production capacity in excess of 50,000 tons per year in five years, in addition to a dozen new patents filed during 2022 and breaking ground in Kernel 1 - the first of several facilities to be built.
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