steakholder food's 3D printing machine

© Steakholder Foods

Company News

Steakholder Foods Announces Closure of Belgian Alt Fat Subsidiary Peace of Meat

Steakholder Foods Ltd, formerly MeaTech 3D Ltd., today announces the closure of its wholly-owned subsidiary, Peace of Meat BV (PoM), in order to focus on the advancement of its core 3D printing tech of cultivated meat products. The closure is set to reduce Steakholder’s expenses by $4.5M annually. The company states that the move aims to “optimize its funds and investment strategy, alongside enabling a greater focus on recently-announced core goals such as accelerating the commercialization of its 3D printing technology.” Timeline of events The company acquired Peace of Meat in December of 2020. In March 2021, the company announced the opening of a new Belgium facility for Peace of Meat, then in the following July it revealed it had established a stable and unique …

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Peace of Meat's cultivated poultry

© Peace of Meat

Company News

Peace of Meat Refocuses Resources Ahead of Cultivated Avian Product Launch in Singapore 

As part of its plan to launch a cultivated avian product onto the Singaporean market, Israeli 3D-printed cultivated meat company Steakholder Foods has announced a strategic restructuring of its Belgian subsidiary, Peace of Meat (PoM). The changes are designed to streamline PoM’s operations and position it for success. “Today’s announcement is an important step in our efforts to successfully launch a product in the Singaporean market,” said Arik Kaufman, Steakholder Foods’ CEO. Refocusing resources PoM’s 2023 business plan will focus on regulatory submissions for its avian product. This includes submitting to the Singapore Food Agency (SFA) by the end of the year and preparing for submission in the USA. To speed up production, PoM will outsource production to a third-party plant, thus eliminating the need to …

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alternative protein market company Upside Foods serves a cultivated chicken burger

© UPSIDE Foods

Business Wire

Global Cultured Meat Markets Report – By 2040, a Projected 60% of Meat will be Created from Cells Grown Within Bioreactors and Sold Across Grocery Stores and Restaurants Worldwide

DUBLIN–(BUSINESS WIRE)–The “The Global Market for Cultured Meat – Market Size, Trends, Competitors, and Forecasts (2022)” report has been added to ResearchAndMarkets.com’s offering. By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide. The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry’s ability to provide “tailor-made nutrition” through its meat and seafood products. Recent surveys indicate that nearly 50% of the consumers do not have any reservations about cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market. The number of startups focused …

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Peace of Meat-hybrid-nuggets-MeaTech

Hybrid nuggets © MeaTech

Cultivated Meat

Peace of Meat Announces Cultured Avian Capabilities

MeaTech 3D announces today that Peace of Meat, the Belgian supplier of cultured fat that it fully acquired in December 2020 for around $20 million, has established a stable and unique avian cell line with a clear upscaling path. Peace of Meat says it plans to commercialize its product by collaborating with conventional meat producers as well as other alt protein companies to produce a range of sustainable hybrid products, echoing the sentiments of others in the industry who assert that hybrids are a productive way to work with the meat industry in order to produce less meat, including Planteneers, DSM, Future Meat, and Nova Meat to name a few. Last year, Peace of Meat successfully produced 700 grams of cultured chicken fat biomass in …

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Vegan Bacon enough

©ENOUGH

Fungi, Mushrooms & Mycelium

ENOUGH Announces Partnership With Peace of Meat Amid Asian Expansion 

Food tech startup ENOUGH has announced a “first-of-its-kind” collaboration with cultivated fat leader Peace of Meat. ENOUGH plans to create hybrid products with its proprietary mycoprotein and Peace of Meat’s cultivated fat biomass, while the company has also announced a commercial agreement in Asia.   Currently building what is claimed to be the world’s largest new protein facility in the Netherlands, ENOUGH’s partnership with Peace of Meat – MeaTech’s wholly owned Belgian subsidiary – represents a potential new chapter in alt protein with the hybrid combination of mycoprotein and cultivated fat ingredients to add authentic meaty flavors to animal-free products.  ENOUGH has also announced a commercial collaboration agreement with DAESANG Corporation to address the rapidly growing market in Asia for non-animal protein sources. The partnership will …

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Peace of Meat-hybrid-nuggets-MeaTech

Hybrid nuggets © MeaTech

Cultivated Meat

MeaTech Holds First-of-its-Kind Hybrid Chicken Nugget Tasting Event With Prominent Investors

MeaTech 3D announces it has held a “first-of-its-kind” tasting event with its Israeli anchor investors, offering samples of hybrid chicken nuggets created with plant protein and cultured chicken fat biomass developed by its subsidiary Peace of Meat. The news comes at the end of a productive month for MeaTech, with March also seeing the company’s entrance into the US food market with MeaTech US launching in California, and last week’s announcement of a brand new cultivated meat facility for Peace of Meat. The group of attendees included prominent food industry investors Rami Levy Group, the Pozilov family, and Eli Nidam, as well as Stella Weinstein, Secretary General of Yamina (the party leading Israel’s governing coalition), and representatives from the Manufacturers’ Association of Food Industries in …

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MeaTech / Peace of Meat pilot plant

Peace of Meat pilot plant © Steakholder Foods

Company News

MeaTech & Peace of Meat to Open New Cultivated Meat Pilot Plant in Belgium 

MeaTech, the Israeli 3D printed meat pioneer, has announced a new cultivated meat facility for its Belgian subsidiary, Peace of Meat. The new facility will expand and accelerate MeaTech’s cell-cultured avian technology as it prepares for the company’s market entry. The new 21,530 sq. ft. pilot plant in Belgium represents another step forward in MeaTech’s go-to-market strategy as the race to scale up mass production of cultivated meat gathers. Recently, subsidiary Peace of Meat cultivated just over 700 grams of pure chicken fat biomass in a single production run, a potential breakthrough toward industrial-scale production.  MeaTech, the world’s first publicly traded cultivated meat producer, is an international deep-tech food company at the forefront of the cultured meat revolution and is in the process of expanding …

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©77 Foods

Market & Trends

The Future is Fat: The Startups Looking to Fatten up Vegan Food

Research shows vast swathes of the global population are turning to plant-based for a healthier diet, with vegan food associated with a wide array of health benefits. On the other hand, however, researchers have concluded that many consumers simply find processed animal-based foods too tasty to give up.  According to Phil Morle from plant-based industry investor Main Sequence; to “unlock the mysteries of fats and create animal-free fats” is “essential for the future of the industry”. Fat holds the key to flavour, and creating viable, healthy and tasty vegan fats is the latest innovation frontier. With this in mind, vegconomist takes a look at the fattiest players in the alt meat sphere:   77 Foods  After being named by Unilever as the winner of its Innovation …

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Steak MeaTech

© Steakholder Foods

Printed Technology

MeaTech to Open Belgium Factory to 3D Print “Real Meat Cuts” Like Steak & Chicken Breast

MeaTech 3D Ltd., the first cell-cultured meat company to be publicly listed, yesterday announced its intention to establish, own, and operate a pilot plant in 2022, with the goal of producing cultured chicken fat for industry collaborations. Ultimately, MeaTech plans to  produce real meat cuts, such as steak or chicken breast, using 3D bioprinting technology. The cultured fat production process will be designed to deploy technologies developed by recently acquired Belgian subsidiary Peace of Meat, whose laboratory work and public taste tests have shown that cultured chicken fat has the potential to significantly enhance the flavor, mouthfeel, and texture of plant-based alternative meat products whilst reducing the total number of ingredients. Sharon Fima, CEO of MeaTech, states: “We believe that our cultured fat is an …

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MeaTech

©MeatTech

Stock market

MeaTech, The First Publicly Traded Cultured Meat Company, Announces Financial Results

The first publicly traded cultured meat company, MeaTech, which develops cell cultured meat production capabilities including its proprietary three-dimensional printing technology, biotechnology processes, and customizable manufacturing processes for slaughter-free real meat manufacturing, today announced its financial results for the year ended December 31, 2020. Its 2020 year-end cash position was $13.5 million ($8.5 million pro-forma to POM acquisition) with a further $28 million raised as part of the Nasdaq listing, bringing current cash position to $33.5 million. In addition to several funding rounds in 2020 totaling $15 million, MeaTech raised $28 million in a public offering of ADSs on the Nasdaq in March 2021. MeaTech is the first cultured meat company to be publicly traded in the US. This week, its subsidiary MeaTech Europe, has …

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Peace of Meat

©Peace of Meat

Printed Technology

MeaTech 3D, Producer of 3D Printed Meat, Fully Acquires Peace of Meat

Israel’s MeaTech 3D, the only publicly listed producer of cultured meat, invested an initial $1million in the cultured fat producer this October as part of a planned full acquisition which has taken place today. Meat-Tech estimates that the first hybrid products based on the Peace of Meat cultured fat technology could be on the market as early as 2022.

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MeaTech

©MeatTech

Science

MeaTech Invests €1M In Belgium’s Peace of Meat as Part of Full Acquisition

MeaTech 3D Ltd, a developer of industrial-scale cultivated meat production technologies based on advanced 3D bioprinting, announces it has made an initial €1M investment in Belgian cultured fat startup Peace of Meat, as part of a planned full acquisition. Peace of Meat has developed a unique, proprietary, stem-cell-based technology to produce animal fats, such as those from cattle, chicken or geese without harming any animals. In 2020 POM was awarded a subsidy of €1.2 million (US$1.33 million) from the Flemish government as part of the €3.6 million Foieture project. The acquisition of the remainder of the company remains subject to the completion of a final agreement. Upon completion of the final agreement and, as POM achieves pre-agreed technological milestones over the course of two years, …

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Society

Vegan Business Solidarity: Ten Plant-Based Leaders Reveal Their Favourite Vegan Companies

In these uncertain times when many businesses are suffering hardship or even facing closure, we at vegconomist reached out to plantbased leaders across the globe and asked them to nominate their most-loved vegan business, which they feel is deserving of love and support from the vegan community right now.

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Peace of Meat

©Peace of Meat

Company News

Peace of Meat: Belgian Startup Aims to Transform a $163 Billion Dollar Industry With Cultured Fats

With only 20 grams of fat, the startup Peace of Meat shows how to transform a multi billion-dollar industry and how nutrition will develop in the future. Co-founder Eva Sommer predicts that mass production of cultured meat will soon be a reality and in response has developed her first products – cultured animal fat and liver.

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