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The World’s Top Beef Supplier Is Building a Lab-Grown Meat Plant

Published 06/07/2023, 01:33 PM
&copy Bloomberg. Signage outside JBS Foods headquarters in Greeley, Colorado, U.S., on Tuesday, June 1, 2021. A cyberattack on JBS SA, the world's largest meat producer, has forced the shutdown of some of the largest slaughterhouses globally, and there are signs that the closures are spreading. Photographer: Michael Ciaglo/Bloomberg
JBSAY
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(Bloomberg) -- Top global beef producer JBS SA (OTC:JBSAY) is building the world’s biggest plant for lab-grown meat in Spain.

The facility will produce about 1,000 metric tons of cultivated meat per year, with capacity to expand output to 4,000 tons, JBS said Wednesday in an emailed statement. The plant, to be built east of Bilbao in San Sebastián, will be owned by cultivated meat firm BioTech Foods, which is 51% owned by the Brazilian meat giant.

Read More: What You Need to Know About Cell-Cultured Meat

JBS said it will invest $41 million in the Spanish facility, which is expected to be finished next year. The company also plans to spend $60 million on building a research institute in southern Brazil to develop technology to make protein from animal cells.

©2023 Bloomberg L.P.

© Bloomberg. Signage outside JBS Foods headquarters in Greeley, Colorado, U.S., on Tuesday, June 1, 2021. A cyberattack on JBS SA, the world's largest meat producer, has forced the shutdown of some of the largest slaughterhouses globally, and there are signs that the closures are spreading. Photographer: Michael Ciaglo/Bloomberg

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