Singapore gets first Asian fake-egg factory

Eat Just produces an egg-like substance made from mung beans

California-based agrotech company Eat Just Inc. has said it has entered a consortium to invest in a new production facility in Singapore which will produce plant-based foods, including its iconic egg substitute made of proteins.

The consortium is led by Proterra Investment Partners Asia Pte., the Southeast Asian unit of Minneapolis-based Proterra Investment, a private equity firm focused on natural resource investing. It said it will invest up to $100 million and Eat Just will put in as much as $20 million.

“Once built, the first factory will generate thousands of metric tonnes of protein, adding to existing large-scale protein facilities in North America and Germany,” Eat Just said in a statement.

The plant that aims to expand protein production in Asia, according to a joint statement of the consortium released on October 20. Proterra Asia, a firm spun off from agricultural giant Cargill Inc., said the funding will help the company set up a fully-integrated supply chain.

Demand for food substitutes rising

San Francisco-domiciled start-up Eat Just makes a mung bean-based egg substitute that comes in bottles and looks like beaten fresh eggs. The company also makes protein- and plant-based substitutes for mayonnaise, cookies, meat and porridge.

Eat Just’s existing distribution partners in Asia include South Korea’s SPC Samlip and Thailand’s Betagro.

The investment in the new production facility comes as demand for plant-based meat substitutes and proteins has grown globally as customers have become increasingly health conscious and are concerned about the environmental impact of industrial animal farming.

Future facilities may be built in Asia as the demand for protein in this particular region is seen rising sharply, Eat Just said.



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Eat Just produces an egg-like substance made from mung beans California-based agrotech company Eat Just Inc. has said it has entered a consortium to invest in a new production facility in Singapore which will produce plant-based foods, including its iconic egg substitute made of proteins. The consortium is led by Proterra Investment Partners Asia Pte., the Southeast Asian unit of Minneapolis-based Proterra Investment, a private equity firm focused on natural resource investing. It said it will invest up to $100 million and Eat Just will put in as much as $20 million. “Once built, the first factory will generate thousands...

Eat Just produces an egg-like substance made from mung beans

California-based agrotech company Eat Just Inc. has said it has entered a consortium to invest in a new production facility in Singapore which will produce plant-based foods, including its iconic egg substitute made of proteins.

The consortium is led by Proterra Investment Partners Asia Pte., the Southeast Asian unit of Minneapolis-based Proterra Investment, a private equity firm focused on natural resource investing. It said it will invest up to $100 million and Eat Just will put in as much as $20 million.

“Once built, the first factory will generate thousands of metric tonnes of protein, adding to existing large-scale protein facilities in North America and Germany,” Eat Just said in a statement.

The plant that aims to expand protein production in Asia, according to a joint statement of the consortium released on October 20. Proterra Asia, a firm spun off from agricultural giant Cargill Inc., said the funding will help the company set up a fully-integrated supply chain.

Demand for food substitutes rising

San Francisco-domiciled start-up Eat Just makes a mung bean-based egg substitute that comes in bottles and looks like beaten fresh eggs. The company also makes protein- and plant-based substitutes for mayonnaise, cookies, meat and porridge.

Eat Just’s existing distribution partners in Asia include South Korea’s SPC Samlip and Thailand’s Betagro.

The investment in the new production facility comes as demand for plant-based meat substitutes and proteins has grown globally as customers have become increasingly health conscious and are concerned about the environmental impact of industrial animal farming.

Future facilities may be built in Asia as the demand for protein in this particular region is seen rising sharply, Eat Just said.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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