NEWS Alternative Proteins Magazine October 2024 13 Insect protein producer secures investment of $58 million Idealist Capital, Sanimax and Fondaction announced their $58 million strategic investment in Entosystem, one of the key players in the production of insect proteins and organic fertilizers for agriculture and animal nutrition. This decisive investment aims to accelerate Entosystem’s growth by increasing existing production capacity and constructing a second commercial plant. Using its cutting-edge technology, Entosystem reportedly diverts tonnes of organic materials from landfills and transforms them into high-quality ingredients, reducing the environmental footprint of food production. “This agreement is the result of a rich collaboration with strategic business partners and, above all, the dedication of an outstanding team without whom Entosystem would not have been able to position itself so quickly as a world leader in its sector. We have all the keys in hand to achieve our ambitions and grow,” says Cédric Provost, President and Co-Founder, Entosystem. The Drummondville carbon-negative plant can process 90,000 tonnes of organic matter each year into 5,000 tonnes of high-quality protein meal, as well as 15,000 tonnes of fertilizer approved for organic farming. According to an independent study, this innovative project reduces GHG emissions by 85% compared to the current scenario and generates carbon credits. According to the hierarchy of solutions to prevent food loss and waste, Entosystem’s solution is preferred as it enables the reintroduction of organic matter into the food chain through an ecological process. Read more>> Industry experts gather to discuss insect feed and food sector The 5th edition of the "Insects to Feed the World" (IFW 2024) conference, organised by the Asian Food and Feed Insect Association (AFFIA), concluded at the Singapore EXPO on 22 June 2024. The event served as a pivotal platform for advancing dialogue and collaboration in the insect feed and food sector. Over 600 participants attended IFW 2024, underscoring its significance as a global gathering of industry leaders, researchers, policymakers, and entrepreneurs committed to exploring innovative solutions for food and feed security. Key highlights included significant talks by the Singapore Food Agency (SFA), Herman Teo, on "Developing a Comprehensive Insect Regulatory Framework for Singapore" and by MUIS (Majlis Ugama Islam Singapura) representative, Nur Sharalyn Abdullah, on “Assessing Halal Certification of Insects”. Notably, Singapore achieved a milestone with its first halal certification for insects by MUIS, reflecting its commitment to diverse dietary needs and food security. The conference featured five parallel sessions covering a wide range of topics, including insect regulatory frameworks, engineering, biology, and Lunch and Learn sessions on market outlooks, BSF developments in China, and breeding strategies. These sessions facilitated robust discussions and knowledge exchange among participants, ensuring a comprehensive and engaging experience throughout the event. Read more>>
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