Hoxton Farms raises $22 million for cultivated animal fat
Oct 20 (Reuters) – London-based Hoxton Farms said on Thursday it had raised $22 million from investors to build a pilot plant to produce animal fat from stem cells, aiming to tap into the growing market for less carbon-intensive foods.
Many people in developed countries are looking to cut their consumption of traditional meat, but some find plant-based alternatives less satisfying to eat or cook with.
Hoxton Farms seeks to address the issue by producing animal fat from stem cells that can then be used as an ingredient in plant-based products.
“The result is not an alternative. It’s real fat tissue, just made in a different way,” co-founder Max Jamilly told Reuters.
“Coconut, sunflower, palm, and canola oil taste funky, degrade quickly, burn easily, melt inconsistently,” he said in a statement.
By Juliette Portala / Reuters
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