SUBSCRIBERS

Consortium to build plant-based protein facility in Singapore

The factory aims to generate thousands of tonnes of protein - an egg substitute, and possibly later, cultured meat

Published Tue, Oct 20, 2020 · 09:50 PM

    Singapore

    A FOOD production company which makes JUST Egg, an egg substitute from mung beans, has tied up with a consortium to build and run a plant-protein production facility in Singapore.

    The consortium is led by Proterra Investment Partners Asia, an investment-management firm focused on the food and agribusiness sectors. The consortium will invest up to US$100 million, while egg-substitute maker Eat Just will put in up to US$20 million for the facility.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.