Wednesday, February 8, 2023

Biotech Foods to invest 30 million in Spain’s first cultured meat factory

Biotec Foods, a Basque company working on the future development of so-called cultured meat, will invest €30 million The first industrial plant to produce it in Spain and which will be one of the first on the continent. The area is attracting many investors such as the founder of Microsoft Bill Gates, Sergey Brin, co-founder of Google; and richard branson, From Virgin.

with investment backed by own resourcesAccording to the information received from the company, they will open the factory in 2024. The 11,000-square-metre center will be located in the Escucieta industrial estate in Donostia, where all of the company’s activities will take place. At present, he prepares meat in the pilot plant.

“This new plant will allow us to increase production capacity to face the next phase of expansion,” he says. Inigo Charola, CEO Biotech Foods, “There is no doubt that this will be a very important milestone for us, as it will mean a huge step forward in the development of our technology and will allow us to make a definite leap forward with the product release to the market,” he added. Told. ,

Enhanced Meat Production – Which animal sacrifice is not required– Begins with capturing cells via a cattle biopsy. Biotech Foods currently works with beef, but may do so with poultry, beef or pork. The sample corresponds to muscle cells, proteins that can be reproduced industrially. This tissue goes into stainless steel tanks similar to those in a dairy industry or winery, in which the cells are provided with amino acids, vitamins, salts and oxygen.

After this, the tissue grows out and a mass known as cultured meat is removed. Biotech Foods will direct that product to customers making processed foods, who will use it as a raw material to make sausages, hamburgers or meatballs, for example.

Inigo Charola and Mercedes Villa, founders of Biotech Foods.

“In our plan, Future plans to build new plants, We are in an emerging market with huge growth potential for the next decade and we are planning our growth in such a way that we can capture all this potential.” Biotech Foods to significantly increase workforce in the medium term is planning to do, up to 150 employees.

The CEO of the biotech company also says that this cultured meat market is expected to experience tremendous growth over the next decade. The company envisages that 12% of the protein consumed in the world in 2032 could come from this type of production system.

In order to prepare products for future distribution to consumers, the company has cooperation projects with potential customers such as Aldelis, Sigma Alimentos, Argyle and Martinez Somalo, In addition to being an investor, the Brazilian JBS, one of the world’s largest meat protein companies. Currently, Singapore, the US, Japan, Australia and the European Union are the most advanced markets for cultured meat. In the European Union, authorization from the European Commission is expected to be linked to advances in industrial process.

who is behind

Brazilian company JBS, one of the world food giants, entered the biotech food capital a year ago. The Sao Paulo listed company made an investment of 36 million euros, covering a capital increase of the Gipuzkoan firm.

As such, JBS became the main shareholder, although the exact percentage of shareholding with which it was created was not disclosed. The Brazilian firm is known as the refrigerator of Latin America, as a manufacturer of all kinds of meat products. Following the operation, Charola and co-founder Mercedes Villa will remain in charge of shareholding and business management. The meat producer Aves Nobles y Derivados (Aldelis), the Interalloys family office and the CIC Nanogune Basque Center also remain in the capital.

Nation World News Desk
Nation World News Desk
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