Create

Memphis Meats gets $161M investment to grow animal meat (minus the animal)

Snacks / Wednesday, January 22, 2020

Disrupt plant-based meat... Venture Capital already wants to do that. Memphis Meats just raised $161M to develop "cell-based meat." It takes cells from animal tissue (like chicken breast), then "feeds" the cells nutrients in a lab, producing this "clean meat." Kinda Brave New World-ish, but it's trying to optimize the flesh-growing process. The idea is to grow meat without the rest of the animal's body, slaughter-free.

The real problem = land and water scarcity... Winston Churchill predicted it back in 1931 (seriously): "We shall escape the absurdity of growing a whole chicken in order to eat the breast or wing." Here's the problem with our current animal-raising for the meat industry:

  • We need more meat: Global demand for meat is expected to double by 2050 as more people enter the middle class and upgrade the heartiness of their meals worldwide.
  • But we don't have enough resources: Animals require lots of food, water, land (for grazing), and time to hit maturity.
  • Back to Memphis: Memphis Meats isn't in stores yet, but it's using the biggest ever fundraise for a lab-grown meat startup to build a pilot production plant.

Which is better, plant or cell-based meat?... Both try to give us the sustenance and juiciness of a shank, loin, or flank, but with less enviro-guilt. Once cell-based meat gets USDA and FDA approval (a critical next step), you'll have to decide your alt-meat preference based on these criteria:

  • Moral: Both win because no animals get slaughtered.
  • Environmental: Impossible and Beyond say their burgers burgers create ~90% less greenhouse gases and use ~93% less water than beef. It's unclear by how much better cell-based may be, though it does release less emissions than beef.
  • Healthiness: Cell-based meat can be bred to be a healthier supermeat (kinda scary), while plant-based meat is actually high in saturated fat.

Get Your News

Subscribe and thrive

Snacks provides fresh takes on the financial news you need to start your day. Chartr provides data visualizations on business, entertainment, and society. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.