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Synonym Awarded Open Philanthropy Funding to Explore Gas Fermentation for Sustainable Food Production

Synonym to conduct comparative techno-economic analysis for single-cell protein production through gas fermentation.

New York, NY - 28th November 2023 - Synonym, the New York-based biomanufacturing firm developing and funding essential infrastructure for the biorevolution, today announces that it has been awarded funding from Open Philanthropy to advance research into gas fermentation for food production.

Open Philanthropy, a grantmaking organization which aims to use its resources to help others as much as it can, is supporting Synonym's work to help the bioeconomy reach its full economic and climate-impact potential. While Open Philanthropy’s interest in gas fermentation as a food production technology is rooted in its resilience to tail-event disruptions in traditional agriculture, Synonym is also eager to examine its potential financial advantages over fermentation processes that leverage plant-based carbon sources like dextrose.

Synonym, with its team of experienced process engineering and capital markets experts, will utilize the funding to conduct comparative techno-economic assessments of single-cell protein production using various gas fermentation techniques. This analysis will encompass a detailed examination of capital expenditures across multiple process designs, as well as overall operating expenditures, covering nutrient media, staffing, utilities, and more.

Crystal Bleecher, Vice President of Engineering, commented: "Synonym has been on a transformative journey towards building more sustainable supply chains of the future. This funding from Open Philanthropy will help us evaluate different adaptable feedstock processes for generating sustainable feed sources at larger scales. We are excited to contribute to Open Philanthropy’s mission to build more secure and resilient global systems, including the food system."

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About Synonym

Synonym is accelerating our materials transition by building an entirely new asset class. Synonym believes that bioproducts will emerge as crucial parts of the global industrial supply chain and help catalyze a decarbonized future. Synonym allows the companies behind next-generation products to expand and scale seamlessly with the most efficient financing and development mechanisms in the market, while opening an entirely new industrial asset class to investors. Synonym launched the world's only free directory of available fermentation capacity at Capacitor.bio and, this year, Scaler, another free tool allowing companies to better understand their bioproducts’ paths to market. Learn more about at www.synonym.bio or follow us on LinkedIn for the latest on the biomanufacturing revolution.