CULT Food Science portfolio company to build world's largest cultivated meat bioreactor
CULT Food Science Corp., an innovative investment platform with an exclusive focus on cellular agriculture that is advancing the development of novel technologies to provide a sustainable, environmental and ethical solution to the global factory farming and aquaculture crises, is pleased to announce that the GOOD Meat subsidiary of CULT's U.S.-based portfolio company, Eat Just Inc., has committed to building the world's largest bioreactor complex for cultivated meat. Measuring four-stories in height, the 10-bioreactor facility is expected to be operational by late 2024 and have the capacity to grow up to 13,700 tonnes of chicken and beef per year by 2030.
GOOD Meat is a cellular agriculture business that cultivates meat by growing cells in bioreactors. The company has been selling cultivated chicken in Singapore since December 2020 and is the only company with regulatory approval to sell its product to the public. The 10 new bioreactors in GOOD Meat's new complex are being designed to have a capacity of 250,000 liters each and the U.S.-based site for the facility is due to be finalized within the next three months. CULT's investment in GOOD Meat is proving to be timely as both entities are prioritizing making the world a better place by tackling the food crisis through cellular agriculture.