World's Second Largest Meat Processor Invests In Lab-Grown Meat Startup (foxbusiness.com)

Tyson Foods, the world's second largest processor and marketer of chicken, beef, and pork, announced it has invested in Silicon Valley startup Memphis Meats, a company that makes lab-grown meat using animal cells. The investment amount was not disclosed, but it follows a slew of other high-profile backers including Cargill Inc., Bill Gates and Richard Branson. Fox Business reports: Last December, Tyson made a similar investment in another meatless startup called Beyond Meat, investing a roughly 5% stake in the company that produces plant-based meat alternatives. Tyson CEO Tom Hayes told FOX Business in March of last year that he sees plant-based protein as a big part of the company's future. "If you take a look at the FAO (Food and Agriculture Organization) stats, protein consumption is growing around the world -- and it continues to grow. It's not just hot in the U.S.; it's hot everywhere, people want protein, so whether it's animal-based protein or plant-based protein, they have an appetite for it. Plant-based protein is growing almost, at this point, a little faster than animal-based, so I think the migration may continue in that direction," Hayes told FOX Business. Memphis Meats, which debuted its first animal-free meatball in 2016, followed by the world's first chicken strip in 2017, said customers should expect to see these products on store shelves by 2021 or 2022.

Comments

Blockchain grown meat?

[slazzy]

Still waiting for a blockchain grown meat company to invest in.