Monday, October 3, 2022

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Oatly Providing $400K in Sustainability Grants to Small US Espresso BusinessesDaily Espresso Information by Roast Journal


Sweden-based oat milk big Oatly has renewed its Large Concept Grant for Espresso program for 2022, upping the award pool to a complete $400,000.

Designed for small enterprise sustainability initiatives in the USA espresso business, the grant program was launched final 12 months with undisclosed award quantities going to seven completely different espresso firms, together with names seen on these digital pages similar to 1A Espresso in Vermont, Three Keys Espresso in Houston and Junior’s Roasted Espresso in Portland, Oregon.

Oatly, which stays a number one oat milk provider to Starbucks, has profiled every of final 12 months’s grant recipients by means of a forthcoming printed zine and web site, selling a form of anecdotal open-source strategy to sustainability by means of which these firms share their successes and failures.

The applying interval for 2022 grants opened immediately and runs by means of Friday, Oct. 28. Espresso companies based mostly in the USA with fewer than 300 staff are eligible for grant prizes, though Oatly says this system is just not designed to assist startup prices.

FAQs and the appliance are out there right here.

In its most up-to-date quarterly monetary report, Nasdaq-traded Oatly reported an estimate of $800-$830 million (USD) in whole income for the 2022 12 months, representing a 24%-29% improve over the 2021 12 months.


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