RCS - Agronomics Limited - SuperMeat Update

AgronomicsAnnouncement

21/03/2024 17:45

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RNS Number : 8653H  Agronomics Limited  21 March 2024

21 March 2024

 Agronomics Limited

("Agronomics" or the "Company")

SuperMeat's LCA Highlights a 47% Decrease in Carbon Footprint in Comparison to Conventional Chicken Production

 

Agronomics (LSE: ANIC), a leading listed company focused on the field of
cellular agriculture, is pleased to announce that its portfolio company
SuperMeat The Essence of Meat Ltd ("SuperMeat"), focused on the production of
high-quality cultivated chicken, has announced the conclusions from a Life
Cycle Assessment ("LCA"), projecting a carbon footprint 47% lower when
compared to conventional chicken.

 

SuperMeat's LCA was conducted by CE Delft (https://cedelft.eu/) , an
independent sustainability research and consultancy firm, to evaluate the
anticipated environmental impact of large-scale production of SuperMeat's
cultivated chicken, offering a glimpse into the future of sustainable meat
production.

 

Assuming the integration of renewable energy sources and sustainable
production processes for both cultivated and conventional methods, SuperMeat's
cultivated chicken is projected to achieve a 47% lower carbon footprint, an
85% lessening in terrestrial acidification and a 90% cutback in land use
compared to conventional chicken farming. The analysis also showed that even
with reliance on standard grid electricity, SuperMeat's chicken could achieve
a 27% reduction in the carbon footprint compared to conventional production.

 

Ido Savir, SuperMeat's CEO said:

 

"Efficiency in meat production is no longer a goal; it's a necessity. Our
pilot plant is the proving ground for SuperMeat's vision of efficiency and
sustainability. Through continuous production, we've showcased the potential
to dramatically increase yields while reducing our environmental footprint, a
testament to our dedication to advancing meat production."

 

Jim Mellon, Agronomics Executive Chairman commented:

 

"SuperMeat's Life Cycle Assessment sets an industry standard for the
sustainable production of cultivated chicken. Chicken is already one of the
most sustainable animal proteins which gives us confidence that the LCA
metrics for pork and beef will be even more favourable. These results validate
the place of cultivated meat as an imperative in the sustainable food
production systems we seek to build."

 

For the full LCA findings, visit SuperMeat's website
(https://stats.nwe.io/x/html?final=aHR0cDovL3d3dy5zdXBlcm1lYXQuY29tL0xpZmUtQ3ljbGUtQW5hbHlzaXM&sig=HD7c7_JG1BclSFosOI0Mq0YPWJecFD2qYZgk43P6s8apvXPJKVNNja0u2sw2ULmldZoZ5eVXxD72bRdsgkw82A&hit%2Csum=WyI0OHdnNG0iLCI0OHdnNG4iLCI0OHdnNGoiXQ)
.

About SuperMeat

SuperMeat stands at the forefront of the cultivated meat sector, championing
the move towards sustainable, nutritious, and animal-friendly meat production.
The company has established a pivotal continuous process, setting a new
standard in the production of cultivated meat. SuperMeat has formed strategic
partnerships with leading food companies, underscoring its commitment to
working together to create a better food system.

About Agronomics

Agronomics is a leading listed company focussing on investment opportunities
within the field of cellular agriculture. The Company has established a
portfolio of over 20 companies in this rapidly advancing sector. It seeks to
invest in companies owning technologies with defensible intellectual property
that offer new ways of producing food and ingredients with a focus on products
historically derived from animals. These technologies are driving a major
disruption in agriculture, offering solutions to improve sustainability and
address human health, food security, and animal welfare. A full list of
Agronomics' portfolio companies is available at https://agronomics.im/
(https://agronomics.im/) .

For further information, please contact :-

 

 Agronomics           Beaumont              Canaccord Genuity Limited  Cavendish Capital Markets Limited  Peterhouse Capital    SEC Newgate

 Limited              Cornish Limited                                                                     Limited
 The Company          Nomad                 Joint Broker               Joint Broker                       Joint Broker          Public Relations
 Jim Mellon           Roland Cornish        Andrew Potts               Giles Balleny                      Lucy Williams         Bob Huxford

 Anthony Hughes
 Denham Eke           James Biddle          Harry Pardoe               Michael Johnson                    Charles Goodfellow

                                            Alex Aylen                 Charlie Combe
 +44 (0) 1624 639396  +44 (0) 207 628 3396  +44 (0) 207 523 8000       +44 (0) 207 397 8900               +44 (0) 207 469 0936  agronomics@secnewgate.co.uk

 info@agronomics.im

 

 

 

 

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