World’s Largest Beef Producer Invests $100M in Cultivated Meat.

JBS, the world’s largest beef and poultry producer, invests $100M into two cultivated meat projects in Spain and Brazil. This investment will provide a new facility in Spain and Brazil’s first Food and Protein Biotechnology R&D Center, which will open this year. JBS is the world’s second-largest pork producer and has over 170 locations in 7 countries. These additional resources are aimed to reduce the costs of cultivated meat and increase its profitability commercially.