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. 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(approximately ) and investing over in 2020 (approximately ) in projects to reduce environmental impact, the partnership with Aleph is part of BRF’s 2030 Vision strategy. Unveiled in , the initiative is expected to garner revenues in excess of by 2030 (approximately ).