a pioneer in the investment, development, and commercialization of cellular agriculture technologies and products, congratulates Australian startup, Vow, for becoming the first cultivated meat company to satisfy the Hong Kong Centre for Food Safety requirements and for launching their Forged Gras product in restaurants across Hong Kong.
Alongside this achievement, CULT is pleased to share updates on the remarkable progress of Israeli startup Supermeat and Czech biotech company Bene Meat Technologies, each contributing to a more sustainable, animal-friendly food system.
Key Takeaways:
- Vow has earned regulatory approval in Hong Kong for their lab-grown foie gras. This marks the first regulatory approval in Hong Kong for a cultivated meat product.
- Supermeat has achieved a breakthrough in cost parity for its cultivated chicken. Recent advancements in yield and speed allow SuperMeat to produce a pound of chicken for USD$11.79, on par with pasture-raised premium chicken in the U.S.
- In partnership with the Czech Technical University and the University of Nottingham, Bene Meat Technologies recently completed a life cycle assessment study showing that cultivating 1kg of meat only required 3.1 square meters of land and produced 5.28kg of CO2 emissions.