TelestackViganVan AalstTBA GroupSailors SocietyThe Wolfson Centre for Bulk Solids Handling Technology
  • Van Aalst
  • TOC Europe 2023
  • Vigan
  • Cimbria
  • Sailors Society
  • Port of South Louisiana

Cargill invests in Aleph Farms

(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.

Latest News

Call for EU co-legislators to secure clean ammonia production

(Posted on 28/03/23)

Fertilizers Europe has called on EU co-legislators to ensure that clean fertilizer and ammonia production... Read more


BHP and Hatch design study for electric smelting furnace pilot

(Posted on 24/03/23)

BHP and global engineering, project management and professional services firm, Hatch, have signed an... Read more


Rio Tinto spends over A$15.3 bn with Australian suppliers

(Posted on 20/03/23)

Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part... Read more


Trafigura closes the refinancing and extension of credit facilities

(Posted on 20/03/23)

Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing... Read more


Nexyst 360 selects Nexxiot to digitalize 5000 grain containers

(Posted on 07/03/23)

Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize... Read more


Cargill strengthens executive team

(Posted on 28/02/23)

Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa... Read more


SACE’s Push Strategy to support supplies of commodities to Italy

(Posted on 24/02/23)

Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five... Read more


Job losses loom as British steel proposes coke ovens closure

(Posted on 22/02/23)

British Steel has announced proposals to close its coke ovens as part of its drive to overcome global... Read more


Rio Tinto and Marubeni to create stronger Aluminium supply chains

(Posted on 20/02/23)

Global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed... Read more


Trafigura completes acquisition of Ecobat Stolberg multi-metals plant

(Posted on 20/02/23)

Trafigura, a market leader in the global commodities industry, and Ecobat, the global leader in battery... Read more


Port of StocktonTOC Europe 2023TOC Europe 2023Bühler GmbHCimbriaPort of South Louisiana
  • The Wolfson Centre for Bulk Solids Handling Technology
  • IMPA Events
  • Port of Stockton

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping