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Mycoprotein producer Enough raises €40M toward doubling its production capacity on August 20, 2023 at 11:00 pm

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Making protein out of mushrooms is not a new concept; however, Enough believes its technology — and the ability to scale production quickly — will set it apart.

The Scotland-based company grabbed €40 million ($43.5 million in today’s dollars) in new growth funding to test out that theory. Enough is pumping that dough into doubling the output capacity of its first production site in the Netherlands, completed last September.

Enough was founded as 3F BIO in 2015 by Jim Laird, who has a background in food operations. The company’s proprietary technology feeds fungi with sugars from renewable feedstocks and then ferments it similar to the way beer is made.

What results is the Abunda sustainable mycoprotein, which the company says has a neutral flavor and meaty texture and is high in protein and fiber. That protein can then be used to make plant-based meat, fish and dairy products.

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The company also boasts that Abunda is “up to 15 times more efficient than protein from beef,” also using less feed and producing fewer carbon dioxide emissions, which is how it’s also more affordable to produce.

“What sets us apart is our focus on introducing high-scale capacity that will serve the market on a B2B basis and with the ability to grow in line with the growing market,” Laird said in an email interview. “As the protein transition continues there is a need for non animal sources that make food that tastes as good or better and costs the same or less than the animal, and our process achieves that aim.”

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Prior to building the Netherlands factory, Enough was producing small batches. Now with that online, the company is ramping up, initially producing over a tonne of Abunda every hour and around 10,000 metric tonnes per year.

The lead time from factory trials at its customers to the point where Enough supplies to retailers will often take six months, so the company does not expect retail launches until the end of the year, and more beginning in 2024, Laird said.

“We expect that demand could start to exceed our capacity by the second half of 2024, and for that reason, we are starting the installation of a second line,” Laird said. “Doubling our capacity is an important next step, but if we believe the estimates from the big banks and consultancies it is nowhere near enough to meet the growing global demand, which is forecasted to be about 10,000 tonnes per week, or the equivalent of one of our lines needed every week.”

Future plans include scaling up to over 60,000 tonnes per year starting in 2024, which Laird said would be the equivalent of growing one cow’s worth of protein every two minutes. The company expects to reach over a million tonnes, cumulatively, by 2032. Should the market continue in the forecasted trajectory, Laird said Enough has plans for a second location and is eyeing North America.

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Today, Enough joins mushroom-focused food tech companies like Meati Foods and Fable Foods in bringing in a round of new venture capital. The growth funding, which closed this month, brings Enough’s total capital raised to date to over €95 million ($103 million).

World Fund and CPT Capital co-led the round, while existing investors, including AXA IM Alts through the Axa Impact Fund, HAL Investments through 280ppm, Onassis Group through Olympic Investments Inc., Tailored Solutions and Scottish Enterprise were also part of the investment.

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The new investment will enable the company to scale up capacity at the factory and grow its teams across its offices in Glasgow, London and at Sas van Gent. Enough’s employee base doubled in size to 50 in 2022, and has now grown to 60, including adding John Gray as managing director of its Europe operations.

Meanwhile, the company is working with some of its partners, including Plukon Food Group, M&S and Unilever, on first-market launches. It is also gearing up to build its second production line to be completed at the end of 2024.

“We continue to strengthen the team in key areas and will continue to look at our growth finance needs,” Laird said. “The challenges in a growth industry is in aligning capacity with demand. Our balance over the coming years will be on installing capacity ahead of the growing demand curve.”

Precision fermentation’s capacity craze: Have we lost the plot?

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​ Now with the Netherlands factory online, Enough is ramping up to produce over a tonne of Abunda every hour and around 10,000 metric tonnes per year.  

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US May Completely Cut Income Tax Due to Tariff Revenue

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President Donald Trump says the United States might one day get rid of federal income tax because of money the government collects from tariffs on imported goods. Tariffs are extra taxes the U.S. puts on products that come from other countries.

What Trump Is Saying

Trump has said that tariff money could become so large that it might allow the government to cut income taxes “almost completely.” He has also talked about possibly phasing out income tax over the next few years if tariff money keeps going up.

How Taxes Work Now

Right now, the federal government gets much more money from income taxes than from tariffs. Income taxes bring in trillions of dollars each year, while tariffs bring in only a small part of that total. Because of this gap, experts say tariffs would need to grow by many times to replace income tax money.

Questions From Experts

Many economists and tax experts doubt that tariffs alone could pay for the whole federal budget. They warn that very high tariffs could make many imported goods more expensive for shoppers in the United States. This could hit lower- and middle‑income families hardest, because they spend a big share of their money on everyday items.

What Congress Must Do

The president can change some tariffs, but only Congress can change or end the federal income tax. That means any real plan to remove income tax would need new laws passed by both the House of Representatives and the Senate. So far, there is no detailed law or full budget plan on this idea.

What It Means Right Now

For now, Trump’s comments are a proposal, not a change in the law. People and businesses still have to pay federal income tax under the current rules. The debate over using tariffs instead of income taxes is likely to continue among lawmakers, experts, and voters.

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Epstein Files to Be Declassified After Trump Order

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Former President Donald Trump has signed an executive order directing federal agencies to declassify all government files related to Jeffrey Epstein, the disgraced financier whose death in 2019 continues to fuel controversy and speculation.

The order, signed Wednesday at Trump’s Mar-a-Lago estate, instructs the FBI, Department of Justice, and intelligence agencies to release documents detailing Epstein’s network, finances, and alleged connections to high-profile figures. Trump described the move as “a step toward transparency and public trust,” promising that no names would be shielded from scrutiny.

“This information belongs to the American people,” Trump said in a televised statement. “For too long, powerful interests have tried to bury the truth. That ends now.”

U.S. intelligence officials confirmed that preparations for the release are already underway. According to sources familiar with the process, the first batch of documents is expected to be made public within the next 30 days, with additional releases scheduled over several months.

Reactions poured in across the political spectrum. Supporters praised the decision as a bold act of accountability, while critics alleged it was politically motivated, timed to draw attention during a volatile election season. Civil rights advocates, meanwhile, emphasized caution, warning that some records could expose private victims or ongoing legal matters.

The Epstein case, which implicated figures in politics, business, and entertainment, remains one of the most talked-about scandals of the past decade. Epstein’s connections to influential individuals—including politicians, royals, and executives—have long sparked speculation about the extent of his operations and who may have been involved.

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Former federal prosecutor Lauren Fields said the release could mark a turning point in public discourse surrounding government transparency. “Regardless of political stance, this declassification has the potential to reshape how Americans view power and accountability,” Fields noted.

Officials say redactions may still occur to protect sensitive intelligence or personal information, but the intent is a near-complete disclosure. For years, critics of the government’s handling of Epstein’s case have accused agencies of concealing evidence or shielding elites from exposure. Trump’s order promises to change that narrative.

As anticipation builds, journalists, legal analysts, and online commentators are preparing for what could be one of the most consequential information releases in recent history.

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Netanyahu’s UN Speech Triggers Diplomatic Walkouts and Mass Protests

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What Happened at the United Nations

On Friday, Israeli Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly in New York City, defending Israel’s ongoing military operations in Gaza. As he spoke, more than 100 delegates from over 50 countries stood up and left the chamber—a rare and significant diplomatic walkout. Outside the UN, thousands of protesters gathered to voice opposition to Netanyahu’s policies and call for accountability, including some who labeled him a war criminal. The protest included activists from Palestinian and Jewish groups, along with international allies.

Why Did Delegates and Protesters Walk Out?

The walkouts and protests were a response to Israel’s continued offensive in Gaza, which has resulted in widespread destruction and a significant humanitarian crisis. Many countries and individuals have accused Israel of excessive use of force, and some international prosecutors have suggested Netanyahu should face investigation by the International Criminal Court for war crimes, including claims that starvation was used as a weapon against civilians. At the same time, a record number of nations—over 150—recently recognized the State of Palestine, leaving the United States as the only permanent UN Security Council member not to join them.

International Reaction and Significance

The diplomatic walkouts and street protests demonstrate increasing global concern over the situation in Gaza and growing support for Palestinian statehood. Several world leaders, including Colombia’s President Gustavo Petro, showed visible solidarity with protesters. Petro called for international intervention and, controversially, for US troops not to follow orders he viewed as supporting ongoing conflict. The US later revoked Petro’s visa over his role in the protests, which he argued was evidence of a declining respect for international law.

BILATERAL MEETING WITH THE PRIME MINISTER OF ISRAEL Photo credit: Matty STERN/U.S. Embassy Jerusalem

Why Is This News Important?

The Gaza conflict is one of the world’s most contentious and closely-watched issues. It has drawn strong feelings and differing opinions from governments, activists, and ordinary people worldwide. The United Nations, as an international organization focused on peace and human rights, is a key arena for these debates. The events surrounding Netanyahu’s speech show that many nations and voices are urging new action—from recognition of Palestinian rights to calls for sanctions against Israel—while discussion and disagreement over the best path forward continue.

This episode at the UN highlights how international diplomacy, public protests, and official policy are all intersecting in real time as the search for solutions to the Israeli-Palestinian conflict remains urgent and unresolved.

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