By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    US-China talks resume as Trump hails ‘total reset’ in trade relations
    US-China talks resume as Trump hails ‘total reset’ in trade relations
    May 11, 2025
    UK plans to end ‘failed experiment’ in immigration
    UK plans to end ‘failed experiment’ in immigration
    May 11, 2025
    Vladimir Putin’s offer of direct talks with Ukraine is the latest attempt to avoid committing to a 30-day ceasefire | World News
    Vladimir Putin’s offer of direct talks with Ukraine is the latest attempt to avoid committing to a 30-day ceasefire | World News
    May 11, 2025
    Putin proposes direct Russia-Ukraine talks in Istanbul on May 15 | Russia-Ukraine war News
    Putin proposes direct Russia-Ukraine talks in Istanbul on May 15 | Russia-Ukraine war News
    May 11, 2025
    Why is Germany such a mess? — RT World News
    Why is Germany such a mess? — RT World News
    May 11, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Bitcoin Price (BTC) News: 5K in Play
    Bitcoin Price (BTC) News: $105K in Play
    May 11, 2025
    Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    May 11, 2025
    Why is Ethereum (ETH) price up today?
    Why is Ethereum (ETH) price up today?
    May 11, 2025
    Bitcoin SV investors attempt to resurrect 2019 Binance lawsuit
    Bitcoin SV investors attempt to resurrect 2019 Binance lawsuit
    May 11, 2025
    Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid
    Ex-UFC champ Conor McGregor touts Irish Bitcoin reserve in presidential bid
    May 11, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: China’s CellX pilots lab-grown meat production, eyes US market
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > China’s CellX pilots lab-grown meat production, eyes US market
China’s CellX pilots lab-grown meat production, eyes US market
Business

China’s CellX pilots lab-grown meat production, eyes US market

Published August 10, 2023
Share
4 Min Read
SHARE

SHANGHAI : In an unassuming industrial park on the outskirts of Shanghai, an unusual taste test was happening.

As part of an event on Wednesday for government, investors and media, the cultivated meat company CellX served up meat developed in a laboratory from animal cells.

The offerings included lab-grown lamb kebabs and tofu with minced lab-grown lamb. CellX said each dish costs less than 100 yuan ($13.87) to produce.

The company, founded in 2020, is among a handful of front runners in lab-grown meat production in China. There are also several other companies focusing on research and development.

They are part of a race globally to develop commercially viable lab-grown meat and fish products to appeal to consumers concerned about the environmental impact of livestock farming, a major source of greenhouse gas emissions.

“Our costs are at around $100 per pound, but by the time we commercially launch in two or three years, the price could go down 10 times,” CellX CEO Ziliang Yang said.

The firm opened a pilot facility in Shanghai this week that Yang said can produce ‘a couple of tonnes’ of cultivated meat a year. The next facility, for commercial production, is expected to be constructed by 2025 and have capacity to produce hundreds of tonnes of meat a year.

Though $100 per pound marks significant progress in terms of cost from the first lab-grown hamburger, which cost $330,000 to produce in 2013, it’s also a long way from the cost needed to be competitive with traditional meat products.

That needs to reach $2.92 per pound to be price competitive, according to Leticia Goncalves, president of global foods at grains merchant Archer-Daniels-Midland, which has invested in cultivated meat companies.

With Singapore and the U.S. leading the world in terms of regulatory approvals for the retail sale of lab-grown meat products, Yang says CellX will file applications in both countries this year with the aim to start selling its products, initially in restaurants, by 2025.

China is an attractive market for cultivated meat sales given in consumes more meat than any other, reaching almost 100 million tonnes in 2021. But there is no indication when regulators might approve lab-grown meat for human consumption.

Still, the promise of China as a low-cost manufacturing base for cultivated meat is equally exciting, Yang said.

The cost of bioreactors, where the meat is grown, in China is significantly lower than in the U.S. or Europe, and the government has offered generous incentives to industry players since cultivated meat was included in the agriculture ministry’s 14th five-year plan last year.

“At the end of the day, producing in China means having that infrastructure at a relatively lower cost and this is a key advantage,” Yang said. “It’s really going to be about leveraging that supply chain and going overseas, that’s the story as we see it.” ($1=7.20 yuan)

#Chinas #CellX #pilots #labgrown #meat #production #eyes #market

TAGGED:CellXChinasEyeslabgrownmarketMeatpilotsproduction
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article PayPal Stablecoin Sparks Political Fury: House Financial Services Committee In Turmoil PayPal Stablecoin Sparks Political Fury: House Financial Services Committee In Turmoil
Next Article China opens up to more destinations for outbound group tourism China opens up to more destinations for outbound group tourism
- Advertisement -

Latest Post

US-China talks resume as Trump hails ‘total reset’ in trade relations
US-China talks resume as Trump hails ‘total reset’ in trade relations
World News
UK plans to end ‘failed experiment’ in immigration
UK plans to end ‘failed experiment’ in immigration
World News
Bitcoin Price (BTC) News: 5K in Play
Bitcoin Price (BTC) News: $105K in Play
Cryptocurrency
Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
Price analysis 3/17: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
Cryptocurrency
Vladimir Putin’s offer of direct talks with Ukraine is the latest attempt to avoid committing to a 30-day ceasefire | World News
Vladimir Putin’s offer of direct talks with Ukraine is the latest attempt to avoid committing to a 30-day ceasefire | World News
World News
Why is Ethereum (ETH) price up today?
Why is Ethereum (ETH) price up today?
Cryptocurrency
- Advertisement -

You Might Also Like

Is Costco Due for a Stock Split in 2024?
Business

Is Costco Due for a Stock Split in 2024?

January 28, 2024
‘Don’t buy’: Dangerous carbon monoxide alarms found on four major online marketplaces
Business

‘Don’t buy’: Dangerous carbon monoxide alarms found on four major online marketplaces

August 11, 2023
Harland & Wolff bailout sparks concerns over future of Royal Navy warships
Business

Harland & Wolff bailout sparks concerns over future of Royal Navy warships

August 3, 2024
Japan stocks higher at close of trade; Nikkei 225 up 0.84% By Investing.com
Business

Japan stocks higher at close of trade; Nikkei 225 up 0.84% By Investing.com

January 29, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?