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Fake-Egg Maker to Build First Asia Plant in Singapore

  • Proterra-led group, Eat Just to invest up to $120 million
  • Eat Just, Proterra also in talks for cultured meat production
Just Inc. Products As Big Vegan Brands Snag Loyal Customers
Photographer: Gabby Jones/Bloomberg

Egg-substitute maker Eat Just Inc. plans to build and operate its first plant protein facility in Singapore, with investment from a consortium led by Proterra Investment Partners Asia Pte.

The group will invest up to $100 million and Eat Just will put in as much as $20 million in the plant that aims to expand protein production in Asia, according to a joint statement on Tuesday. Proterra Asia, a private-equity firm spun off from agricultural giant Cargill Inc., said the funding will help the company set up a fully-integrated supply chain.