Global food giant Tyson is investing $2.2 million in the Israeli clean-meat startup Future Meat Technologies.
“Future Meat Technologies”, from Jerusalem, produces meat synthetically from animal cells. It’s currently working on making in-vitro meat (also called cultured meat or clean meat) affordable to the average consumer. According to the company, the “Clean Meat” currently costs around $800 per kilo, but should be available for between $5 and $10 by 2020.
Although this type of laboratory meat is not directly vegan, it is supported by a large number of vegans, as it could significantly reduce the total number of animals slaughtered and is reportedly more environmentally-friendly than livestock.
The investment represents a big step forward for Tyson in the field of cultured meat. The company has already invested in the startup “Beyond Meat”.
Executive Vice President, Corporate Strategy and Chief Sustainability Officer of Tyson Foods, Justin Whitmore, says:
“This is our first investment in an Israeli company. We look forward to this opportunity to broaden our horizons with new, innovative ways of producing alternative meat.”
Prof. Yaakov Nahmias, the founder and senior scientist of the company, added: “I want my children to eat meat that is delicious, sustainable and unharmful. That’s our commitment to future generations. “