Why Jim Mellon Is Still All In on Alternative Protein After Five Years
About this episode
Jim Mellon discusses his continued investment in alternative protein and the advancements in precision fermentation.
Episode Summary: Five years ago, billionaire investor Jim Mellon came on Business For Good and laid out his thesis that cultivated meat and precision fermentation would transform the food system. Since then, venture capital has fled the space, plant-based stocks have cratered, and many startups have gone under. So why is Jim putting even more money in? In this episode, Paul Shapiro reconnects with Jim Mellon, Author of Moo's Law and Chairman of Agronomics, to find out what has changed and what hasn't. Jim reveals that his portfolio company, Clean Food Group, is producing precision fermentation-based palm oil, olive oil, and cocoa butter at a factory near Liverpool that is already sold out to buyers, including Mondelēz. He shares how media costs for cultivated meat have dropped from nearly $1,000 per liter to under three cents, and why he expects the company to go public later this year in what could be the first IPO of a precision fermentation company. The conversation also covers why the Middle East may become the next major hub for alternative protein infrastructure, how robotics could improve agricultural yields and reduce food waste, and what Jim plans to change in the…
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