The companies have signed a nonexclusive memorandum of understanding (MOU) that will see them work together to develop and commercialize cultivated meat products.
ADM (Chicago) has signed a nonexclusive memorandum of understanding (MOU) with Believer Meats, a cultivated-meat company pioneering scalable lab-grown meat. ADM will lend its ingredient resources and expertise to enhance Believer’s proprietary cell-cultivated meat process, with new products potentially to be commercialized as a result of the collaboration.
“By pairing ADM’s leading expertise in ingredient application development, and complete nutrition solutions they bring to their customers, with our groundbreaking cell-cultivation technology, with its unmatched efficiency and scalability, we aim to accelerate the development and commercialization of high-quality, safe, and delicious meat products that deliver on the increasing demands of our growing global population,” stated Gustavo Burger, CEO, Believer Meats, in a press release.
ADM’s President of Global Foods Leticia Gonçalves, added, “Cultivated meat represents an exciting evolution and yet another way to meet long-term food-security needs—along with other traditional and novel sources of protein. Seven in ten consumers are aware of cultivated meat, and with flexitarians representing more than half of consumers globally, there is an important opportunity to continue to expand the universe of protein choices.”