NEW TECH FOODS

Solar Foods has signed a letter of intent (LOI) with an international health and performance nutrition brand to commercialise 500–1,650 tonnes of Solein annually between 2026 and 2030.

The LOI covers product development in the health and performance category and sets the framework for future binding agreements. The collaboration aims to develop new products and integrate Solein into consumer offerings such as ready-to-mix protein shakes and protein bars.

If finalised, the upper commitment of 1,650 tonnes per year would account for about 13% of the planned annual production capacity of Solar Foods’ upcoming Factory 02.

Currently in its pre-engineering phase, Factory 02 is scheduled for phased construction, with phase one expected to start operations in 2028 and full completion targeted for 2030. Once operational, the facility will produce 12,800 tonnes per year, nearly 100 times the capacity of Factory 01. A final investment decision for Factory 02 is expected in 2026.

Earlier this year, Solar Foods signed two Memorandums of Understanding with customers for a combined 6,000 tonnes of Solein per year. Together with the new LOI, potential agreements would cover 50-60% of Factory 02’s capacity.

Rami Jokela, the recently appointed CEO of Solar Foods, said: “These agreements strongly validate Solein’s commercial potential, and should the collaborations lead to binding agreements, they would correspond already to a major share of the production capacity of Factory 02. Customers’ interest towards Solein also plays an important role in preparing for the final investment decision for Factory 02."

“Our goal is to develop products that meet consumer demands for nutrition, taste and functionality, while delivering a distinct advantage in sustainability and future supply security."