NEWS FEED & ADDITIVE MAGAZINE March 2022 11 while remaining 10% under budget. In just the first few weeks of ramping up in December 2021, the colony produced 60 million insects. INSEACT specialises in producing sustainable insect protein for aquaculture, starting with shrimp farming. It uses waste from palm oil operations as a raw material to feed the insects. Its cutting-edge solution enables a fully circular economy by redirecting waste streams from palm oil production away from carbon-emitting landfills to be bio-converted by the insects. The new facility is operated by INSEACT’s growing team of 8 employees, half of whom have extensive prior insect protein experience. The facility adapts engineering technologies used across other manufacturing and farming industries to lay the foundation for large scale expansion of its operations. Michael Badeski, COO, said: “The past 12 months have seen INSEACT go from zero to one. Last January, the company had no employees, only partially secured seed funding. Today, we are producing insect protein from the most advanced and fastest-built insect pilot facility in Singapore.” Tim van Vliet, CEO of INSEACT, added: “INSEACT differentiates itself using palm oil waste: a more sustainable, affordable and scalable feedstock. In addition, our modular technology enables fast and low-cost scaling.” The insect start-up Enorm Biofactory has closed a funding round of 50 million Euros. With new partners, a strong team, and permits in place, Enorm Biofactory will shortly scale up the insect factory in the middle of Jutland from pilot plant to a yearly production of application 11,000 tons of insect meal. As soon as February, Enorm Biofactory will start building the first new square meters for the future factory in Hedensted Municipality, Denmark. When the new site is in full production in the second half of 2023, 100 tons of larval biomass per day will be produced, equivalent to application 11,000 tons of insect protein meal per year. Closing the funding round is a major milestone for the company to be able to realize the project. Among new shareholders is, one of Europe’s largest agribusiness companies, DLG. The financing round also includes loans from The Danish Green Investment Fund and Nykredit Bank. “With our current suppliers and cooperation partners, and DLG as a shareholder, we have a strong foundation to develop Enorm to commercial scale” says Carsten Lind Pedersen, CEO at Enorm Biofactory. Enorm Biofactory was established in 2017 and is run by Carsten L. Pedersen (CEO, 59), his daughter, Jane L. Sam (COO, 33), Arne Blok Lauridsen (CTO, 32) and additional 13 employees. For the last 3 years, Enorm Biofactory has established a pilot plant and is today producing 3 tons of insect meal per week. The planned scale up is therefore app. 70 times the current production. Enorm Biofactory to build largest insect factory in Scandinavia Danish insect producer Enorm Biofactory announced that it closed its funding round and ready to build the largest insect factory in Scandinavia.
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