Israeli cell-cultured meat company MeaTech 3D has announced that its subsidiary, Peace of Meat, has produced over half a kilogram of cultured chicken fat biomass in a single production run.
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 …