

(Posted on 20/05/19)
The demand for protein is expected to grow 70% over the next 30 years as the global population increases significantly. With an eye to complementing its focus on animal protein, Cargill has announced it will invest in Aleph Farms, a cultured meat company focused on growing complex meat varieties like steak.
Cargill is participating in a Series A investment round led by VisVires New Protein and joined by several other investors looking to move Aleph Farms’ product from prototype to the commercial marketplace. Aleph Farms grows meat directly from beef cells using a 3D tissue engineering platform. In December 2018, it achieved a world-first by demonstrating it could grow a steak directly from bovine cells.
“Cargill is committed to innovation and we are delighted to be a part of Aleph’s accelerated growth,” said Sonya Roberts, managing director of growth ventures and strategic pricing for Cargill Protein North America. “This partnership connects new frontiers in cell-based technology with insights in the global food system and supply chains to meet future customer and consumer needs.”
While cultured proteins represent a relatively small portion of Cargill’s portfolio, the company sees value in investments in innovators like Aleph Farms.
“Consumer demand for protein continues to be very strong. That means there’s an opportunity for plant and cultured protein growth to complement our traditional animal protein portfolio,” said Roberts.
Aleph Farms plans to begin building bio-farms and move toward a limited consumer product launch with steak grown under controlled conditions within three-to-five years. https://www.aleph-farms.com/#RD.
The investment in Aleph Farms builds on Cargill’s other partnerships in alternative protein. In 2017, Cargill was an early investor in Memphis Meats, a company leading the way in development of cultured meat. Cargill also is an investor in plant-based protein through Puris, a firm that has launched a new pea-based protein that is non-GMO, organic and allergen-friendly. These investments complement the company’s investment in its traditional animal protein portfolio, which has totaled more than $1.5 billion over the several years.
“We all need to work together to address the increasing global need for protein in the coming years, especially as more consumers move into the middle-class and the demand for protein increases. We have a responsibility to look at all innovations that can help us feed the world,” said Jon Nash, president, Cargill Protein-North America.
The company’s commitment to investing in animal protein remains unwavering.
“We believe in the power of protein and the critical role animal protein will continue to play in nourishing the world for the long-term,’ said Nash.
Fertilizers Europe has called on EU co-legislators to ensure that clean fertilizer and ammonia production... Read more
BHP and global engineering, project management and professional services firm, Hatch, have signed an... Read more
Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part... Read more
Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing... Read more
Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize... Read more
Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa... Read more
Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five... Read more
British Steel has announced proposals to close its coke ovens as part of its drive to overcome global... Read more
Global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed... Read more
Trafigura, a market leader in the global commodities industry, and Ecobat, the global leader in battery... Read more