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

Avocados That Last 50 Percent Longer Debut at Costco

The popular toast-topper is wrapped in an organic plant-based preservation skin made by tech company Apeel Sciences.
Read More »

80-Year-Old Food Brand Goes Vegan

Heritage Health Food plans to transition its entire brand to be free of animal products by 2019 and launch innovative new vegan foods geared to mainstream markets.
Read More »

Canada's Senate Passes Cruelty-Free Cosmetics Act

Cruel cosmetic testing on animals may soon become a thing of the past in Canada.
Read More »

Month-Long Vegan Festival Kicks Off in London

V For festival will hosts events featuring vegan food, cruelty-free fashion, art, and fitness throughout the month of August.
Read More »

Vegan Cheese Sales Spike by 45 Percent in 52 Weeks

Consumer research firm Nielsen reveals new consumer statistics, including that African-Americans are 48 percent more likely than the average American consumer to purchase vegan food.
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 »