21 Jun 2024 --- Climate change is impacting the world’s food systems, such as olive oil production, with Spain halving its production and raising prices by 112% in 2022 owing to drought and extreme heat. F&B innovators are now exploring alternatives to mitigate the price surges, including US-based Algae Cooking Club (ACC), which has formulated an algae-based chef-grade cooking oil using fermentation for frying, grilling, sautéing, baking and more. The “all-purpose neutral oil” is formulated using microalgae and uses only one-tenth of the land and water. It also has roughly half the carbon footprint of many traditional oils, claims the company.
