Beyond the commercial potential of cultivated meat in the Brazilian market, this alignment also enables both companies in their missions regarding sustainability and food security.
Aleph Farms, Ltd., and BRF SA, a global Brazilian meat and food company, signed a Memorandum of Understanding (MoU) to bring cultivated meat to Brazilian tables. Under this new agreement, Aleph and BRF will co-develop and produce cultivated meat using Aleph’s patented production platforms (BioFarm).
BRF will also distribute Aleph-backed cultivated beef products in Brazil. This partnership will strengthen BRF’s supply chain and reduce its environmental impact while diversifying the company’s product offering to meet the growing consumer demands for a variety of meat products.
BRF is one of the largest meat producers in the world, with over 30 brands in its portfolio. Reporting revenue of approximately BRL 39 billion (approximately USD 7.25 billion) and investing over BRL 155 million in 2020 (approximately USD 28.81 million) in projects to reduce environmental impact, the partnership with Aleph is part of BRF’s 2030 Vision strategy. Unveiled in December 2020, the initiative is expected to garner revenues in excess of BRL 100 billion by 2030 (approximately USD 18.5 billion).
Beyond the commercial potential of cultivated meat in the Brazilian market, this alignment also enables both companies in their missions regarding sustainability and food security. Brazil recently reaffirmed to the UN (United Nations Framework Convention on Climate Change – UNFCCC) the country’s commitment to reducing total net greenhouse gas emissions by 43% in 2030. In April 2020, Aleph Farms committed to eliminating emissions associated with its meat production by 2025 and reach net-zero emissions across its entire supply chain by 2030.