The cultured protein innovation centre is aimed at making production “more efficient” and “economically competitive”.
Meat giant JBS has started construction work on an R&D site that will develop cell-based protein, marking its latest investment in the early-stage industry.
JBS said the facility will work towards making the production of cultured protein “more efficient, scalable and economically competitive”.
The Biotech Innovation Centre will be located in the Sapiens Parque innovation park in Florianópolis in south-eastern Brazil. Scheduled to open towards the end of next year, it will be the country’s largest food biotechnology research centre.
JBS said the centre will require approximately $62m in investment in three instalments. The third stage will consist of building “a basic module on an industrial scale to demonstrate the technical and economic viability of cultured protein”.
The Brazil-based meat behemoth signalled its interest in the nascent market for cell-cultivated meat market back in 2021 when it acquired a majority stake in Spanish-cultivated protein firm BioTech Foods. The deal gave the company access to BioTech’s technology and protein production in return for JBS’ industrial processing capacity, and pathed the way for the construction of the world’s largest cultivated beef protein plant in San Sabastián, Spain, earlier this year.
Some of the meat industry’s largest players have put investment behind the fledgling cell-protein sector. Cargill and Tyson Foods have also taken stakes in the up-and-coming players. Both have invested in Memphis Meats – now called Upside Foods – while Cargill has backed Aleph Farms and Tyson has put cash into Future Meat Technologies (now called Believer Meats).
So far, only the US and Singapore have cleared cell-based meat for commercial sale and, even then, only a small number of companies are selling products in selected restaurants.
Nevertheless, as the regulatory environment poses a roadblock to commercialisation, total investment in cultured protein innovators remains high. According to the Good Food Institute’s analysis, annual investment in cultivated meat and seafood reached $1.3bn in 2021 and $896m in 2022.
** Click here to read the full-text **
