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Business

Meatpacker JBS invests $100 million in cellular meat company

by Matt Blois
November 26, 2021 | A version of this story appeared in Volume 99, Issue 43
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JBS, which calls itself the world’s largest protein company, is taking a majority stake in the Spanish cell-based meat firm BioTech Foods. The $100 million investment will include a plant in Spain and a research center in Brazil, where JBS is based. JBS expects the Spanish plant to reach commercial production by 2024 and plans to eventually add a plant at the R&D center. While this is JBS’s first foray into cultivated meat, which is grown from animal cells, competitors Tyson and Cargill have made similar investments.

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