International deep-tech food company Steakholder Foods Ltd. that stands at the forefront of the cultivated meat industry, has recently announced that it is embarking on a comprehensive Life-Cycle Assessment (LCA) process and scenario analysis, with the backing of the government-funded Israel Resource Efficiency Center. The LCA, which is directly aligned with the Company’s strategic objective of advancing its 3D printing technology towards commercialization, is being subsidized as part of a government plan to assist manufacturing plants in both cost savings and sustainability efforts.
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As a company committed to innovation and sustainability, Steakholder Foods consistently seeks opportunities to enhance its processes. The LCA process is designed to result in a comprehensive plan aimed at streamlining operations, increasing productivity and optimizing production processes. The analysis is expected to support the development of a strategic roadmap that will help guide decisions to be taken by the Company’s management while refining and bolstering the Company’s sustainability strategy, helping to align the Company with regulatory standards and support for global sustainable development goals.
Avraham Hampel, VP Corporate Development, stated – “The LCA is the first step in Steakholder Foods’ two-pronged approach to sustainability and ESG considerations, aiming for compliance in an evolving regulatory landscape, while improving process efficiency at all stages of production of our novel 3D bioprinting products.”
About Steakholder Foods
Steakholder Foods Ltd., is an international deep-tech food company at the forefront of the cultured meat revolution. The company-initiated activities in 2019 and is listed on the Nasdaq Capital Market under the ticker “STKH,” with headquarters in Rehovot, Israel.
The company is developing a slaughter-free solution for producing cellular agriculture meat products, such as beef and seafood, by offering manufacturers the ability to produce a cultivated meat product that aims to closely mimic the taste, texture, and appearance of traditional meat— as an alternative to industrialized farming and fishing. With its membership in the UN Global Compact, Steakholder Foods is committed to act in support of issues embodied in the United Nations Sustainable Development Goals (SDGs) which include strengthening food security, decreasing carbon footprint, and conserving water and land resources.
