As it has already been published in several media, for example HERE or HERE, we are immersed, indeed, in a great project that we are very excited about and that will mean a great leap, not only in the trajectory of BioTech Foods but also in that of the cultivated meat. In 2024 we will have the capacity to produce 1,000 tons of cultivated meat per year, with the possibility of expanding this capacity in the medium term until reaching 4,000 tons, thanks to the new plant that we are building in San Sebastián. The industrial scaling of BioTech Foods is already a reality.
Therefore, 2024 will be a very special year for us, since it is the year that our leadership in the sector will be consolidated. Currently, one of the great challenges for cultivated meat is production in adequate volume and cost. The new BioTech Foods plant will allow the establishment of a highly efficient cultivated meat production line to respond to both this challenge and the global need for a more balanced food production system that provides sustainability benefits.
And what will this new plant be like?
It will be located in the Eskusaitzeta industrial park (Donostia, Basque Country), on a 20,000 m2 piece of land. Initially, it will measure 11,000 m2, but it will have the possibility of being expanded till 15 000 m2. With these dimensions, it will be for the moment the plant with the largest production capacity in the world. There we will have our equipment for cultivating meat, as well as the research and development area and our offices.
In addition, we will increase the staff considerably, with a forecast of reaching up to 150 employees, with expert professional profiles in biology, biochemistry and biotechnology, as well as personnel specialized in process engineering, production and specialized training in cell cultures.
This is just the beginning!
This is undoubtedly an emerging market with great growth prospects for the next decade, so BioTech Foods is planning its development in such a way that it can embrace all this potential: Australia, Brazil, Japan, Singapore and, of course, the European Union are key markets, which will star in a high demand that will have to be answered.
The food sector is immersed in a profound transformation, as a consequence of the impact of new technologies and new habits in consumers. The foodtech ecosystem is pushing a new configuration of the food system, in which cultivated meat is called to play a particularly important role; the consulting firm McKinsey estimates that the cultivated meat industry will have a turnover of 25,000 million dollars in 2030. BioTech Foods is getting ready for it.
