Arkeon, an Austrian startup using fermentation to turn carbon dioxide into high-quality amino acids, has formally filed for insolvency.
Co-founder and CEO Gregor Tegl made the announcement on LinkedIn, but did not reveal why the startup had run into difficulties. He thanked Arkeon’s team members, advisors, investors, partners, and supporters for their dedication to the company.
Arkeon was founded to transform industrial emissions into proteins, with the aim of creating a circular economy and supporting sustainable manufacturing. The microbe used as part of the company’s regenerative bioprocess naturally produced all 20 proteinogenic amino acids, but had been engineered to selectively produce single amino acids tailored…
