I wonder how long that raw Solein lasts and whether it can be stored at room temperature and in normal humidity conditions?
I couldn’t find an answer in Inde’s video, on Google, or on Solar Foods’ website.
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Does it taste good? How long do its effects on humans need to be studied to determine that it is good for people? Is this a new “margarine” that will only be understood to be inherently harmful to humans after decades?
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I took a quick look at the story and the product, and I’m not really sold yet.
So we’re talking about solving a global “problem” with a green processed product that requires electricity, hydrogen, and a bunch of metals (iron, copper, magnesium, cobalt, etc.) mined from here, there, and everywhere. The end result is a product that isn’t cost-effective, nor is it actually green in any way, and its current use cases are perhaps limited to ice cream—assuming the product even gets a sales permit. Hopefully, they won’t pivot to the padel business after listing, like certain other protein ice cream innovation firms.
Agriculture bad, processed powder good!?
The company is conducting a technical listing because, well, it’s convenient and cheaper. But for this product to make money one day, it’ll require cost-efficiency—which basically means several new factories and new investments. Setting up Factory02/03/04 will cost more money, hundreds of millions, maybe a billion, and the end result will be massive dilution.
Essentially, the company is going public because no one is willing to buy it, the VC market has cooled down, and the old owners want to be able to sell off their holdings.
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@Aili has written a piece about this company. 
Subheadings:
- Emission targets and the rising cost of farmland as catalysts
- Would you eat Solein?
- Food neophobia not identified
- Early-stage commercialization of Solein
Unlike Spinnova, Solar Foods does not inherently aim to obtain a price premium for its end product. The final price will be determined by supply and demand. The premise is that the end product is more affordable for customers than agricultural products.
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The PE markets are quite active even though cash has accumulated to record levels. This cash is looking for targets in the market, but consumer purchasing power and AI disruption are in focus when wading through targets. I wouldn’t say that VC/PE money has skipped the company; rather, the listing may have also genuinely sought a visibility boost and credibility for the company globally.
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A couple of points I have to comment on:
Agricultural emissions and land-use impact are indeed a very real problem, not something to put in quotation marks.
This process certainly doesn’t require any significant amounts of metals. So it’s not a valid basis for criticism. Microbes need trace elements to live, just like all organisms (including humans and plants), but the scale is very small and doesn’t significantly affect the environmental impact of the process.
I don’t know exactly what you mean by processed, but it’s not necessarily any more processed than agricultural proteins either, just produced by a different organism.
Agreed on this.
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It would be great if the critics (especially the loudest ones) could read, for example, this short introduction to Solein, before spouting their inaccurate criticisms here as facts.
It is worth familiarizing yourself with the subject before starting to criticize it so grandiosely. Otherwise, it may happen that the critic’s ignorance of the matter is just glaringly exposed.
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Many thanks @Sijoittaja-alokas for sharing the article again. 
I don’t remember exactly if this was answered, but I came across this same sentence that Kalle Norri has stated.
So, air proteins often have a good amino acid composition.
I did also come across the fact that Solar Foods hasn’t released this information to the public yet. I’d need to check the exact wording, but I think they were waiting for more extensive health studies.
It is a completely new product, after all.
But even though Fazer is involved and there’s talk about replacing milk, among other things, it’s worth considering this as animal feed first. If it’s not suitable for that, it’s unlikely to be suitable for humans in the end.
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An excellent image like this showing the amino acid composition was once featured in a marketing brochure
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Recent, August 2024
https://www.sciencedirect.com/science/article/pii/S095032932400034X
“The species of bacteria used by Solar Foods to produce Solein® is currently not publicly known, so the metabolic physiological processes involved in microbial protein production are here described in general terms with reference to hydrogen-oxidizing bacteria.”
Theirs is patented, public, and they have some permits in Singapore; is there something about the microbial strain? Could someone use another microbial strain that is, say, twice as efficient, or is their patent somehow all-encompassing?
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apparently this is the thing, so
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An isolated bacterial strain or a derivative thereof, wherein said derivative preferably has retained the ability to grow using hydrogen gas as energy source and carbon dioxide as the only carbon source.
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A process for the production of biomass, said process comprising culturing a bacterial strain of the genus Xanthobacter in continuous culture with hydrogen as energy source and an inorganic carbon source, wherein the inorganic carbon source comprises carbon dioxide.
is this VTT-E-193585 and is a path like this the path to a food revolution, or is it something or some others
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I read this myself and was also going to write August 2024, but the latest version was already published earlier.
But that doesn’t change anything. It is recent.
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What an interesting company, and thanks to the forum members for the extensive info packages. From an investment perspective, I anticipate that there are early investors involved for whom almost any price after the listing is a decent exit point, so it might behave like, for example, Nightingale—down significantly and then at some point it’ll start moving. Keeping an eye on it with this in mind.
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I almost completely agree. The company and synthetic proteins have immense potential, and the technology is very good, assessed with university Cum Laude-level organic chemistry expertise. Megatrends are on their side. But there are also major hurdles, from scaling to consumer attitudes, and the stock overhang you mentioned is a major negative. Additionally, the company will have to raise a lot more capital at some point.
Into my portfolio once the market cap drops somewhere below one hundred million euros.
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Of course, the survey itself was conducted in late 2020, so the data isn’t very recent considering that Solar Foods was only founded in 2017. It is also worth noting that about 90% of the participants in that study had never even heard of Solein. Since then, awareness has spread more widely, and people have had time to digest the matter. I believe this will have a positive impact on attitudes toward Solein. Although these aren’t matters of faith 
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This is a prime example of a deep-tech startup. A big vision, 7 years of tech development, and no revenue or proven business yet. The fact is that only 10% of these deep-techs succeed in growing; the rest do not. Due to the incredibly high risks, these are funded by expert tech funds that have special terms or protections to secure their capital.
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The company reports that its Solein protein has achieved what is known as “independent conclusion of GRAS status” (Generally Recognized as Safe) in the U.S. market. This is also referred to as self-affirmed GRAS status.
According to the company, this is a significant step forward in the commercialization of Solein and entry into the U.S. market.
In addition, the listing is progressing: Solar Foods has submitted its listing application to the Helsinki Stock Exchange. Trading is expected to begin on September 10, 2024.
I’ll be following this with interest.
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You can now register here to attend in person or online Solar Foods: Yhtiöesittely - Inderes event on 9.9 at 18:00 :)!
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Apparently there won’t be an offering?
“The listing is intended to be carried out as a technical listing, meaning that no share issue or sale will be organized in connection with it. According to Solar Foods, the purpose of the listing is to enable the company’s business to grow globally.”
How does a listing without an offering help with that? The fact that old owners get to sell shares to new owners doesn’t help the company’s situation much… Or is this setting the stage for future share issues once they are on the stock exchange?
An interesting product in itself, I’d guess there would be demand for this in some niche situations (e.g., a colony on Mars could use this invention for local food production).
An interesting story, but from an investment perspective, I’m staying far away from this, I’m not getting involved.
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