JBS enters cultivated protein market
25/11/2021
Meat and tannery giant JBS is spending $100 million to enter the cultivated protein market, with the purchase of Spanish company BioTech Foods.
It will also set up Brazil's first cultivated protein R&D centre.
Founded in 2017, BioTech Foods is one of the leaders in the development of biotechnology for producing cultivated protein - producing food from animal cells - and has the support of the Spanish government and the European Union.The company operates a pilot plant in the city of San Sebastián and expects to reach commercial production in mid-2024 with the building of a new production facility.
Gilberto Tomazoni, CEO of JBS, said: "We are expanding our global platform to address the new trends in consumption and the growth of the global population. The acquisition of BioTech Foods and the new research center put JBS in a unique position to push ahead in the cultivated protein sector.”
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