This article was first published by The Times of Israel and was re-posted with permission.
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.
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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.
“It is a colossal market opportunity,” said Bruce Friedrich, head of the The Good Food Institute (GFI), which supports and lobbies on behalf of meat alternative interests. “This could put [lab-made] meat onto the radar of Chinese officials who have the capacity to steer billions of dollars into this technology.”
The move is expected to garner applause from environmentalists as a step toward reducing greenhouse gases.
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Photos and video: SuperMeat, CulturedBeef.Org