The private investment arm of Hong Kong tycoon Li Ka-shing could be gearing up to invest in eco-friendly tissue engineering technology to grow meat and animal hides, the Hong Kong Economic Journal reported Monday, citing company co-founder Solina Chau.
Horizons Ventures is expected to unveil investments in such stem-cell technology later this week, the report said, citing unnamed sources.
Chau was quoted as saying in a speech in Guangzhou last week that some technology could create enough engineered hide to blanket South America or more meat than the total output of the Americas.
Chau’s description largely matches claims made by American biotech firm Modern Meadow, the report said.
The firm’s website said it is planning to use bio-engineering and 3D bio-printing technology to grow tissue and hides on a massive scale to produce meat and leather products.
The technology is designed to cut farmland use by 99 percent, water use by 96 percent and greenhouse gas emissions by 96 percent.
But, neither Horizons Ventures nor Modern Meadow would comment on the possible deal.
Horizons Ventures has already invested in artificial egg firm Hampton Creek, smart fiber firm NanoSpun, packaging company TIPA and Medical Cancer Screening.
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