Savor, AAK Sign Strategic Collaboration Agreement on Development and Commercialization of Dairy Alternatives
Savor and AAK entered into a two-year long collaboration agreement on July 9 to jointly develop and commercialize solutions for dairy alternative and bakery applications. The agreement targets customers across the world with a focus on the US and European markets.
The partnership combines Savor’s proprietary carbon-to-fat conversion platform, which delivers a structurally new supply chain for sustainable specialty fats that will be domestically produced and decoupled from agriculture, and AAK’s formulation expertise and commercial infrastructure in plant-based oils and fats. These new fats could require 1,000x less land use and up to 98% lower carbon emissions than their conventional counterparts.
Kathleen Alexander, the Co-founder and CEO of Savor, stated: “AAK is a global leader in plant-based oils and fats, and they bring exactly the formulation expertise and commercial infrastructure we need to scale our impact, […] This collaboration accelerates our path to the large food manufacturers who are actively seeking supply chain resilience and ingredient innovation at scale.”
The Global Head of R&D at AAK, Kim Olofsson, said: “Savor’s technology platform opens a new source of saturated fats, decoupled from agriculture and traditional supply chains, with a strong sustainability profile. In addition, these fats can be designed together with AAK’s plant-based oils for a vast array of functionality and solutions,”
The collaboration will focus on dairy alternatives and bakery, since both segments face growing demand for fats that deliver functional performance, such as texture and taste, at a time when the need for supply chain diversification has never been stronger. Reportedly, this new technology platform can be implemented anywhere in the world, with no need for fertile land, fertilizers or fresh water. In combination with plant-based oils, it enables more diverse and resilient supply chains. In the long run, this could also bring more stable costs and pricing, reducing market volatility.
Chiara Cecchini, the SVP of Commercialization at Savor, said: “Food and CPG manufacturers are under real pressure on two fronts simultaneously: supply chain stability and the need to reduce the environmental footprint of key ingredients, […] This collaboration puts a compelling answer to both in front of customers who need it most.”
Savor is a company that creates sustainable fats and oils directly from carbon without the need for conventional plant and animal agriculture. AAK specializes in plant-based oils that are the value-adding ingredients in the products people consume.
