BlueNalu, a food technology company developing cell-based seafood products, announced the signing of a Memorandum of Understanding (MOU) with Pulmuone Co. Ltd., a leader in healthy lifestyle and environmentally-friendly food products headquartered in South Korea. Pulmuone also participated in BlueNalu’s A round of financing, which was announced earlier this year.
The agreement marks the beginning of the first collaboration for BlueNalu in South Korea, and represents Pulmuone’s interest in the commercialization of cell-based seafood products that offer consumers healthy, trusted and safe solutions that are sustainable for the planet. The companies will collaborate in areas such as marketing, regulatory, operations and distribution with an aim to bring BlueNalu’s products to markets in South Korea during the coming years.
Global demand for seafood is at an all-time high and continues to increase, particularly in Asia, where the two companies believe cell-based seafood can supplement the current supply of wild-caught and farm-raised fish. BlueNalu’s cellular aquaculture technology will allow it to produce a wide array of seafood products from a variety of species, without genetic modification, and will be free of microplastics, toxins, mercury and other environmental contaminants. The global pandemic has brought awareness to the vulnerability of our food supply. Cell-based seafood is a solution to food security and addresses the important issues of traceability, transparency and safety.
Pulmuone has a 35-year history in the health and wellness market, providing food products that are sustainably and responsibly sourced. With its roots in sustainable farming, Pulmuone values humanity in harmony with nature, and is a leading champion for respecting the environment and nourishing families.