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

Tim P. Whitby / 21st Century Fox / Getty Images

The beauty products we put on our skin can have important consequences for our health. Just this March, the U.S. Food and Drug Administration (FDA) warned that some Claire's cosmetics had tested positive for asbestos. But the FDA could only issue a warning, not a recall, because current law does not empower the agency to do so.

Michelle Pfeiffer wants to change that.

The actress and Environmental Working Group (EWG) board member was spotted on Capitol Hill Thursday lobbying lawmakers on behalf of a bill that would increase oversight of the cosmetics industry, The Washington Post reported.

Read More Show Less
A protest march against the Line 3 pipeline in St. Paul, Minnesota on May 18, 2018. Fibonacci Blue / CC BY 2.0

By Collin Rees

We know that people power can stop dangerous fossil fuel projects like the proposed Line 3 tar sands oil pipeline in Minnesota, because we've proved it over and over again — and recently we've had two more big wins.

Read More Show Less
Sponsored
Scientists released a study showing that a million species are at risk for extinction, but it was largely ignored by the corporate news media. Danny Perez Photography / Flickr / CC

By Julia Conley

Scientists at the United Nations' intergovernmental body focusing on biodiversity sounded alarms earlier this month with its report on the looming potential extinction of one million species — but few heard their calls, according to a German newspaper report.

Read More Show Less
DoneGood

By Cullen Schwarz

Ethical shopping is a somewhat new phenomenon. We're far more familiar with the "tried and tested" methods of doing good, like donating our money or time.

Read More Show Less
Pixabay

Summer is fast approaching, which means it's time to stock up on sunscreen to ward off the harmful effects of sun exposure. Not all sunscreens are created equally, however.

Read More Show Less
Sponsored
Mark Wallheiser / Getty Images

The climate crisis is a major concern for American voters with nearly 40 percent reporting the issue will help determine how they cast their ballots in the upcoming 2020 presidential election, according to a report compiled by the Yale Program on Climate Change Communication.

Of more than 1,000 registered voters surveyed on global warming, climate and energy policies, as well as personal and collective action, 38 percent said that a candidate's position on climate change is "very important" when it comes to determining who will win their vote. Overall, democratic candidates are under more pressure to provide green solutions as part of their campaign promises with 64 percent of Democrat voters saying they prioritize the issue compared with just 34 percent of Independents and 12 percent of Republicans.

Read More Show Less
Flooding in Winfield, Missouri this month. Jonathan Rehg / Getty Images

President Donald Trump has agreed to sign a $19.1 billion disaster relief bill that will help Americans still recovering from the flooding, hurricanes and wildfires that have devastated parts of the country in the past two years. Senate Republicans said they struck a deal with the president to approve the measure, despite the fact that it did not include the funding he wanted for the U.S.-Mexican border, CNN reported.

"The U.S. Senate has just approved a 19 Billion Dollar Disaster Relief Bill, with my total approval. Great!" the president tweeted Thursday.

Read More Show Less
Reed Hoffmann / Getty Images

Violent tornadoes tore through Missouri Wednesday night, killing three and causing "extensive damage" to the state's capital of Jefferson City, The New York Times reported.

"There was a lot of devastation throughout the state," Governor Mike Parson said at a Thursday morning press conference, as NPR reported. "We were very fortunate last night that we didn't have more injuries than what we had, and we didn't have more fatalities across the state. But three is too many."

Read More Show Less