Meat Giant JBS Begins Construction on $62M Innovation Centre for Cultivated Meat
JBS, the largest meat processing company in the world, announces it has commenced construction of Brazil’s first research facility focused on food biotechnology — the JBS Biotech Innovation Centre. Located at Sapiens Parque innovation hub in Florianópolis, Santa Catarina, and scheduled to open at the end of 2024, the center aims to be a model facility to produce cultivated meat efficiently, scalable, and at competitive prices. “As a global leader …
JBS-Owned BioTech Foods Breaks Ground on “World’s Largest Cultivated Meat Plant” in Spain
The world’s largest meat processing company, Brazil’s JBS, announced that its subsidiary, the Spanish company BioTech Foods, has begun construction of its first commercial-scale plant for cultivated meat, reports Reuters. The facility, located in Eskusaitzeta, Donostia’s industrial area, will open by mid-2024 as the country’s first cultivated meat facility (to our knowledge). Biotech Foods claims it will be the world’s largest cultivated meat plant, with an annual production of 1,000 …
FDA’s Approval of Cultivated Meat: Industry Leaders Respond
Following this week’s groundbreaking news of UPSIDE Food receiving GRAS status for its cultivated chicken, marking the first time in the world that the FDA has given the green light to a cultivated meat product, industry leaders from the GFI, Stray Dog Capital, BioTech Foods, and Synthesis Capital here provide commentary on the significance of this historic development. To recap: UPSIDE Foods has now successfully completed the FDA’s rigorous …
BioTech Foods Receives €750,000 From Spanish Foreign Trade Institute
Spain’s Biotech Foods has received a €753,000 grant for its investMEAT project from the Spanish Foreign Trade Institute (ICEX). The investMEAT project is researching cell lines, cultured media, and biomaterials in order to scale up cultivated meat production to an industrial level. The funding will be provided through ICEX’s R&D program Innova Invest. The ultimate goal is to significantly bring down the cost of cultivated meat, making it available to …
JBS Enters Cultivated Meat With Acquisition of BioTech Foods and $100M R&D Center in Brazil
Brazil’s JBS – the largest meat processing company in the world – announced it is to purchase Biotech Foods, a cultivated meat producer based in Spain. JBS will also establish a cultivated meat R&D centre in Brazil as part of a $100 million drive, with JBS stating that the “acquisition marks the company’s entry into the cultivated protein market,” according to Reuters. The deal reportedly includes $41 million for the building …