News

Israel and China Sign $300 Million Lab Meat Deal

The carbon-spewing country is reducing its emissions by importing Israel's technologies to phase animals out of agriculture.

China signed a $300 million trade deal this week to import Israel’s slaughter-free meat technologies. There are currently three Israeli food technology firms (SuperMeat, Meat the Future, and Future Meat Technologies) working to replace animals in agriculture with “clean” meat—also known as “lab-grown” or “cultured” meat, a process in which a small amount of animal cells are grown in a laboratory setting to create real meat without slaughtering animals. “It is a colossal market opportunity,” food nonprofit The Good Food Institute executive director Bruce Friedrich said. “This could put [clean] meat onto the radar of Chinese officials who have the capacity to steer billions of dollars into this technology.” China signed the deal with the intent of reducing its greenhouse gas emissions by using Israeli technology to reduce the impact of animal agriculture. Chinese billionaire Li Ka-Shing—often compared to the country’s version of Bill Gates—identified a similar opportunity in the United States and has made substantial investments in US-based food technology firms Impossible Foods (makers of the fully plant-based Impossible Burger) and Hampton Creek—which announced its entry into the clean meat industry earlier this summer, with plans to introduce its first product to the market in 2018.

More News

Team Canada Wears All-Vegan Uniforms at Olympics

Animal-rights activists praise apparel brand Hudson's Bay Company for outfitting this year's Olympians in animal-free outwear.
Read More »

Photographer Creates the Most Vegan Proposal Ever

Popping the question with the help of an avocado is gaining traction thanks to Amsterdam food stylist Colette Dike.
Read More »

Tyson to Launch Plant-Based Meal Bowls

The meat company is disrupting itself to stay competitive as consumer habits shift toward animal-free foods.
Read More »

Pregnant Sisters Launch Vegan Dessert Sushi Brand

Vegan Rice Krispies Treats stand-in for sushi rice, and gelatin-free candies replace fish in creations made by sisters Kasia Mierzejewska and Emilia Augustyn for their allergen-free brand Sweet Sushi Factory.
Read More »

PG Tips Creates New Tea Aimed at Vegan Consumers

The nearly 90-year-old tea brand formulated a new blend that pairs perfectly with plant-based milk.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »