The Better Meat Co. Signs Largest Supply Deal to Date for Mycoprotein
The Better Meat Co. (BMC) has signed a letter of intent (LOI) with a large South American meat company for the purchase of Rhiza mycoprotein. The agreement, the company’s largest to date, outlines plans to supply 30 dry tons of Rhiza mycoprotein per month, equivalent to 90 tons when hydrated. This latest LOI brings BMC’s total projected revenue from signed agreements with major meat companies in South America, North America, and Asia to approximately $13 million annually. The company partners with meat producers under joint development agreements (JDAs), allowing them to incorporate Rhiza mycoprotein into new product formulations. Participating companies pay a monthly fee for access to the ingredient and, upon completion of the JDA, may enter purchase agreements contingent on commercial-scale availability. Applications in …
