Menu

Search

  |   Technology

Menu

  |   Technology

Search

Artificial Meat Company Raises $3M For Creating Lab-Grown Chicken Parts

Chicken Thigh Meat.DagnyWalter/Pixabay

With the world becoming increasingly warmer and the livestock industry being a huge producer of greenhouse gasses, some companies are working hard to create alternatives for meat lovers. One of these companies is SuperMeat and it just raised $3 million to develop artificial chicken meat. The goal is to create what the industry calls “clean meat,” which alludes to its environmental impact.

Among the venture capitalist firms that provided the seed funding for SuperMeat are New Crop Capital and Stray Dog Capital, TechCrunch reports. Even Europe’s biggest poultry producer, PHW got involved and also invested in the startup, which is a sign that some traditional livestock corporations are at least willing to make some changes.

Speaking to the publication recently, Ido Savir, the CEO and co-founder of SuperMeat notes how some in the food industry are open to the idea of transformation. From a financial standpoint, lab-grown meats make a lot of sense because of their scalability and their sustainability.

With regards to the planned lab-grown chicken meat project, the company explains that they will be grown from the cells of actual chickens, Futurism reports. The meat will be produced in green facilities, which would eliminate the need to rear live animals, which would be huge contributors to greenhouse gasses.

Of course, it’s also understandable that most traditional meat producers are still wary of fully supporting artificial alternatives. For now, lab-grown meats are still more expensive and companies have yet to perfect the formula to closely mimic the taste and smell of real meat.

The industry is getting closer every day, however, and if the artificial meat industry finally surpasses traditional livestock companies, it would have a huge positive impact on the environment. The prospect of growing chicken in a lab itself would reduce the impact of the meat industry on the world by up to 99 percent.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 22 14:30 UTC Released

USECRI Weekly Annualized

Actual

3.1 %

Forecast

Previous

2.7 %

June 22 14:30 UTC Released

USECRI Weekly Index

Actual

150.1 %

Forecast

Previous

149.3 %

January 31 00:00 UTC 207555207555m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 207555207555m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 219375219375m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 207555207555m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 219375219375m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 207555207555m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 207555207555m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 207555207555m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.