Sunday, October 1, 2017

China makes massive investment in Israeli lab meat technology

$300 million deal sees Chinese partner with Israeli high-tech companies battling global warming

By Sue Surkes   

TIMES OF ISRAEL - September 17, 2017

China has signed a $300 million deal to partner with Israeli high-tech companies working to create laboratory-grown meat as the Asian giant looks to embrace technologies that will help it cut down on harmful emissions and pollution.
Israeli companies SuperMeat, Future Meat Technologies, and Meat the Future are three of only eight companies in the world growing meat from animal cells in laboratories, Quartz magazine reported.
The move potentially opens up the massive Asian economy for the Israeli companies. The Chinese market is potentially huge: China imported meat worth more than $10 billion in 2016, according to the International Trade Centre.
As the country modernized and the standard of living rose for the average Chinese, meat consumption has rocketed.