Brazil’s JBS Starts Building Lab-Grown Beef Factory In Spain
Brazilian meatpacker JBS said that its subsidiary BioTech Foods has started construction in Spain on its first commercial-scale plant to produce lab-grown meat, which is set to be completed by mid-2024.
The factory, which JBS says will be the world’s largest lab-grown meat plant, should produce more than 1,000 metric tons of cultivated beef per year, JBS said. It said it could expand capacity to 4,000 metric tons per year in the medium term.
“The new BioTech plant puts JBS in a unique position to lead the segment and ride this wave of innovation,” said JBS USA’s head of value-added business, Eduardo Noronha.
JBS acquired a 51% stake in Spain’s BioTech in 2021 in a $100 million (€93.5 million) deal, with $41 million (€38.3 million) directed to building the plant, which will be located in San Sebastian.
“With the challenges imposed on global supply chains, cultivated protein offers the potential to stabilise food security and global protein production,” BioTech Foods co-founder and CEO Iñigo Charola said in a statement.
JBS said BioTech plans to gradually increase its production capacity to meet growing consumer demand, and sees Australia, Brazil, the European Union, Japan, Singapore and the United States as key markets.
Related news
Makro Spain expands private label offering
Makro added 406 new private label products to its assortment…
Read more >Mercadona promotes healthy eating
As part of its commitment to healthy eating, Spanish retail…
Read more >Spanish government bans ultra-processed foods and energy drinks from schools
The Spanish government is banning ultra-processed foods and energy drinks…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >More expensive Barbie, thinner Heinz – Trump’s tariffs redraw the global consumer market
The impact of Donald Trump’s tariff policy is affecting more…
Read more >Almost 20 percent cheaper food? The government is satisfied with the results of the margin reduction
“Thanks to the margin reduction, more and more products can…
Read more >