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Food & Beverage

Thai Union and Mitsubishi tie up with US startup on lab-grown seafood

BlueNalu seeks multinationals' aid in market research and beyond

San Diego-based BlueNalu hopes to tap fish-loving Asian markets for its lab-grown products. (Photo courtesy of BlueNalu)

BANGKOK -- Asia has a voracious appetite for seafood, but global fishing stocks are already under critical pressure. To help alleviate this problem, top canned-tuna producer Thai Union Group and Japanese trading house Mitsubishi Corp. are tying up with BlueNalu, a California startup that cultures seafood from cells.

Thai Union and Mitsubishi have separately signed memorandums of understanding with BlueNalu, the U.S. company has announced. The agreements include "collaborations to conduct market research and develop consumer insights in various regions, assess regulatory requirements, and explore business and product opportunities that could accelerate the introduction of cell-cultured seafood products throughout Asia," it said.

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