Quantcast

Tyson Foods Invests in 'Clean Meat’

Food

One of the largest meat companies in the U.S. is ramping up its investment in lab-grown animal protein in response to growing demand for meat worldwide.

Tyson Foods, which supplies about one in five pounds of chicken, beef and pork produced in the U.S., announced Monday that their venture capital arm had purchased a minority stake in Memphis Meats, a San Francisco-based "clean" meat startup.


Tyson has also invested in Beyond Meat, a startup that produces plant-based meat alternatives, and other Memphis Meat investors include Bill Gates, Richard Branson and Cargill. Tyson CEO Tom Hayes explained in a statement that the company is "giving our growing population more ways to feel good about the protein they're eating" and "giving today's consumers what they want and feeding tomorrow's consumers sustainably for years to come."

As reported by Business Insider:

"Proponents of food that mimics meat argue that it's more environmentally friendly than raising traditional livestock. Globally, traditional animal farming accounts for about 18% of greenhouse emissions, uses 47,000 square miles of land annually, and exhausts 70% of the world's water.

Tyson faced controversy in the last few years over allegations of price fixing and chicken abuse, but Tyson CEO Tom Hayes said the company is committed to contributing to a sustainable food system.

The plant-based meat industry is expected to grow globally in coming years, despite the fact that red meat consumption may hit an all-time high this year in the United States."

Forbes noted that Memphis Meats is still a startup without commercial production:

"One big hurdle is the sheer cost of producing the meat—currently runs around $2,400 to produce a single pound of its meat, which is often called 'cultured' or 'clean.'

But a meat giant like Tyson, which sells about $30 billion a year of beef, poultry and pork, can help advise Memphis Meats on how to scale up. 'We want to work with them to scale. Cost is the main focus for us,' Memphis Meats CEO and cofounder Uma Valeti told Forbes. 'At the end point, it will be significantly cheaper than conventional meat.'"

For a deeper dive:

WSJ, Bloomberg, AP, Forbes, Fortune, Business Insider, Fox Business, Background: Climate Nexus backgrounders on animal agriculture and climate change

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

EcoWatch Daily Newsletter

Aerial assessment of Hurricane Sandy damage in Connecticut. Dannel Malloy / Flickr / CC BY 2.0

Extreme weather events supercharged by climate change in 2012 led to nearly 1,000 more deaths, more than 20,000 additional hospitalizations, and cost the U.S. healthcare system $10 billion, a new report finds.

Read More Show Less
Giant sequoia trees at Sequoia National Park, California. lucky-photographer / iStock / Getty Images Plus

A Bay Area conservation group struck a deal to buy and to protect the world's largest remaining privately owned sequoia forest for $15.6 million. Now it needs to raise the money, according to CNN.

Read More Show Less
Sponsored
This aerial view shows the Ogasayama Sports Park Ecopa Stadium, one of the venues for 2019 Rugby World Cup. MARTIN BUREAU / AFP / Getty Images

The Rugby World Cup starts Friday in Japan where Pacific Island teams from Samoa, Fiji and Tonga will face off against teams from industrialized nations. However, a new report from a UK-based NGO says that when the teams gather for the opening ceremony on Friday night and listen to the theme song "World In Union," the hypocrisy of climate injustice will take center stage.

Read More Show Less
Vera_Petrunina / iStock / Getty Images Plus

By Wudan Yan

In June, New York Times journalist Andy Newman wrote an article titled, "If seeing the world helps ruin it, should we stay home?" In it, he raised the question of whether or not travel by plane, boat, or car—all of which contribute to climate change, rising sea levels, and melting glaciers—might pose a moral challenge to the responsibility that each of us has to not exacerbate the already catastrophic consequences of climate change. The premise of Newman's piece rests on his assertion that traveling "somewhere far away… is the biggest single action a private citizen can take to worsen climate change."

Read More Show Less
Volunteer caucasian woman giving grain to starving African children. Bartosz Hadyniak / E+ / Getty Images

By Frances Moore Lappé

Food will be scarce, expensive and less nutritious," CNN warns us in its coverage of the UN's new "Climate Change and Land" report. The New York Times announces that "Climate Change Threatens the World's Food Supply."

Read More Show Less
Sponsored
British Airways 757. Jon Osborne / Flickr / CC BY-SA 2.0

By Adam Vaughan

Two-thirds of people in the UK think the amount people fly should be reined in to tackle climate change, polling has found.

Read More Show Less
Climate Week NYC

On Monday, Sept. 23, the Climate Group will kick off its 11th annual Climate Week NYC, a chance for governments, non-profits, businesses, communities and individuals to share possible solutions to the climate crisis while world leaders gather in the city for the UN Climate Action Summit.

Read More Show Less

By Pam Radtke Russell in New Orleans

Local TV weather forecasters have become foot soldiers in the war against climate misinformation. Over the past decade, a growing number of meteorologists and weathercasters have begun addressing the climate crisis either as part of their weather forecasts, or in separate, independent news reports to help their viewers understand what is happening and why it is important.

Read More Show Less