Shiok Meats, a Singapore-based start-up, is wading into the alternative meat market with lab-grown shrimp and lobster
SINGAPORE - Shiok Meats, a Singapore-based start-up whose name means very good in local slang, aims to become the first company in the world to bring shrimp grown in a laboratory to diners’ plates.
But so-called clean meat, which is genuine meat grown from cells outside the animal, is still at a nascent stage. Shiok grows minced meat by extracting a sample of cells from shrimp. The cells are fed with nutrients in a solution and kept at a temperature of 28 degrees Celsius , which helps them multiply.One kg of lab-grown shrimp meat now costs $5,000, says Chief Executive Sandhya Sriram. That means a single ‘siu mai’ dumpling typically eaten in a dim sum meal would cost as much as $300, using Shiok’s shrimp.
Shiok is backed by Henry Soesanto, chief executive of Philippines’ Monde Nissin Corp, which owns British meat substitute firm Quorn. It wants to raise $5 million to fund a pilot plant in Singapore to sell to restaurants and food suppliers.
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