Business
BSF Enterprise and Ivy Farm Enter Partnership
BSF Enterprise and Ivy Farm Enter Partnership.
About this update from Bsf Enterprise Plc
[{"type":"text","content":"\n\n7 March 2024\nBSF Enterprise PLC\n(\"BSF\" or the \"Company\")\n \nBSF Enterprise (Hong Kong) Ltd and Ivy Farm Technologies Enter Partnership\n \nBSF (LSE: BSFA), (OTCQB: BSFAF), the Main Market listed biotech and industrial tissue engineering company and owner of pioneering UK-based tissue engineering company 3D Bio-Tissues (3DBT) and corneal tissue replacement company Kerato, is now working with the UK's leading cultivated meat production company, Ivy Farm Technologies Limited (Ivy Farm) to help fundraise, launch and scale its cultivated meat plans in China.\nBSF Enterprise (Hong Kong) Ltd (BSF HK) was recently formed as a separate entity under the BSF Enterprise umbrella to develop a distribution and partner network in the Greater China market. Given BSF HK's strong presence and investor network within the Asian cultivated meat and tissue engineering market, it is looking to partner and work with a number of other biotech and green tech companies. Today BSF is delighted to announce it has entered into a commercial agreement with Ivy Farm that will involve generating and progressing investment opportunities to support the company's fundraising ambitions. BSF subsidiary company 3DBT is also working with Ivy Farm to test its City Mix™ serum-free media within its products with the goal of reducing the cost of cultivated meat production in the Asian market.\nIvy Farm was spun out from the University of Oxford in 2019 and its unique technology produces nutritious mincemeat from premium Wagyu Beef, Aberdeen Angus, and English Large White Pork tissue to create delicious final products such as meatballs, scotch eggs and burgers. In 2022, Ivy Farm unveiled a pilot plant in Oxford with production capabilities of 2.8 tonnes of cultivated meat a year, all powered by solar, the largest of its kind in Europe.\n BSF will be supporting Ivy Farm's ongoing funding round, aimed at facilitating the scaling up of technology to accommodate large production-sized fermenters. In the future Ivy Farm envisions producing 12,000 tonnes from a single efficient facility, fully powered by renewable energy, thereby slashing greenhouses gases by 92% and land use by 90% compared to industrial farming practices. The production of cultivated meat at scale is critical, especially considering China's annual consumption of over 100 million tons o...