Future Meat Technologies
TypePrivately held company
IndustryFood technology
Founded2018
FoundersYaakov Nahmias
Headquarters
Jerusalem and Rehovot
,
Israel
Websitebelievermeats.com

Future Meat Technologies, or Future Meat for short, is a biotechnology firm which produces cultured meat from chicken cells and is working on cultured lamb kebabs and beef burgers. Based in Israel, its main office is located in Jerusalem, while its primary production facility is operating in Rehovot.[1] Future Meat Technologies mainly seeks to supply hardware and cell lines to manufacturers of cultured meat rather than directly selling food products to consumers.[2] In November 2022, Future Meat Technologies rebranded to Believer Meats.[3]

History

Future Meat Technologies was founded in 2018 by Yaakov Nahmias, a biomedical engineering professor of the Hebrew University of Jerusalem.[1] He became Future Meat's chief scientific officer.[1]

The company presented its cultured meat prototype to the public in 2019. In October 2019, it raised $14 million to build its pilot plant, and estimated that it could bring its products to the market in 2022.[2] To achieve this, Future Meat stated in February 2020 that it sought to bring down the price of producing cultured meat to $10 per pound by 2022.[4]

In January 2020, Quartz found around 30 cultured meat startups, and that Memphis Meats, Just Inc. and Future Meat Technologies were the most advanced because they were building pilot plants.[5][6]

In June 2021, the construction of Future Meat's pilot plant in Rehovot was completed, and it entered into service.[7] As of November 2021, the facility was capable of producing 500 kilograms of cultured meat per day, or 182,625 kilograms a year.[1] That year it raised a Series B investment round of US$347M.[8]

Technology

The company extracts cells from live animals. It cultures those cells in stainless steel fermenters, where they reproduce and develop into edible tissues. The company claims that reproduction rates are 10x greater than others, while generating 20% of their greenhouse gas emissions. Compared to animal husbandry, it uses 1% of the land and 4% of the water. In 2021, it reduced the cost of a cultured chicken breast from US$7.50 to $1.70.[8]

References

  1. 1 2 3 4 Ben-David, Ricky (25 November 2021). "Lab to table: Israeli tech kitchens cook up future of animal-free food". The Times of Israel. Retrieved 6 December 2021.
  2. 1 2 Shieber, Jonathan (10 October 2019). "Lab-grown meat could be on store shelves by 2022, thanks to Future Meat Technologies". TechCrunch. Retrieved 26 May 2020.
  3. ↑ "Future Meat Becomes Believer Meats as it Readies for US Market Launch". Vegconomist. 15 November 2022.
  4. ↑ Kateman, Brian (17 February 2020). "Will Cultured Meat Soon Be A Common Sight In Supermarkets Across The Globe?". Forbes. Retrieved 26 May 2020.
  5. ↑ Purdy, Chase (22 January 2020). "A startup says it's building a US pilot plant for cell-based meat". Quartz. Retrieved 27 May 2020.
  6. ↑ Purdy, Chase (13 May 2020). "As the US meat supply chain fumbles, cultured meat startups consider a better system". Quartz. Retrieved 27 May 2020.
  7. ↑ Dunne, Ally (23 June 2021). "Future Meat Technologies Launches World's First Industrial Cultured Meat Production Facility". PR Newswire (Press release). Retrieved 6 December 2021.
  8. 1 2 Lavars, Nick (21 December 2021). "Future Meats drives cost of lab-grown chicken down to $1.70 a breast". New Atlas. Retrieved 21 December 2021.
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