- Food processing company Archer-Daniels-Midland Co (NYSE:ADM) has signed a non-exclusive memorandum of understanding (MOU) with Believer Meats to boost the development and commercialization of cultivated meat products.
- Under the terms of the MOU, the companies will work together to explore various opportunities spanning the cultivated meat production process.
- The agreement also allows for the commercialization of new products arising from the collaboration.
- “With a global population expected to reach 10 billion by 2050, ADM is working with partners across the value chain to meet food security and sustainability needs by expanding the protein ecosystem,” said Leticia Gonçalves, ADM’s president, Global Foods.
- Price Action: ADM shares are trading higher by 0.08% at $81.46 on the last check Wednesday.
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