Solar Foods has signed a Memorandum of Understanding (MoU) with two international customers for commercialisation plan of altogether 6,000 tonnes of Solein per year. The MoUs are a joint plan of the companies, and they outline the fundamental principles of the planned collaboration, towards commercialization and binding agreements.
Solar Foods has already been working together with these customers on research and product development. Should the collaboration lead to a binding agreement, the total volume commitment of 6,000 tonnes would correspond to approximately 50% of the full production capacity of Factory 02, now in its pre-engineering phase.
Factory 02 is planned to be constructed in three phases, ensuring an efficient cost structure and optimised unit economics. Aimed to be fully operational in 2030, it has an annual planned capacity of 12,800 tons, which is nearly hundred times the design capacity of the already operational Factory 01. Solar Foods aims to have phase 1 operational in 2028, and the following phases in 2029 and 2030. The final investment decision for Factory 02 is planned to be made in 2026.
“These agreements serve as compelling proof of Solein’s commercial outlook. We are now deepening our collaboration with customers through the development and commercialisation of food, beverages and nutritional consumer products, aiming for new product launches first in the United States. Information about new products and their launches, including launch timelines, are communicated in due course by our customers. These agreements also play an important role in preparing for the final investment decision for our industrial-scale production facility, Factory 02”, says Pasi Vainikka, CEO of Solar Foods.
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