Checkerspot and AAK Announce Joint Development Agreement to Develop, Scale, and Commercially Produce an Alternative Source of Structuring Fats and Oils
March 21, 2024 at 10:00 am EDT
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Checkerspot and AAK announced a joint development agreement to develop, scale, and commercially produce an alternative source of structuring fats and oils. Consumers and global brands continue to push for new plant-based options. The crux of the challenge is to develop new fats and oils that meet three criteria: they can be produced at scale, provide unique consumer experience, and are less vulnerable to climate change.
AAK publ AB, also known as AarhusKarlshamn publ AB, is a Sweden-based holding company active primarily in the food processing sector. The Company refines vegetable oils for specialized products. The Company is organized, along with its subsidiaries, into three business segments: the Food Ingredients segment includes baking fat, dairy fat alternatives, Ice cream fats, infant formulas and oil/fats ingredients, among others; the Chocolate & Confectionery Fats segment provides chocolate and confectionery advantages, ranging from products developed for better sensory, health and longer shelf life to cost efficiency, know-how, technology and service, and the Technical Products & Feed segment includes golden wax, fatty acids, glycerin, deinking chemicals and animal feed. The Company operates Kamani Oil Industries Pvt Ltd. as a majority owned subsidiary.
Checkerspot and AAK Announce Joint Development Agreement to Develop, Scale, and Commercially Produce an Alternative Source of Structuring Fats and Oils