NEWS FEED & ADDITIVE MAGAZINE April 2022 15 tons of soybean meal annually. Corn demand will exceed capacity of the existing Landus grain storage in Hamlin, allowing Landus the opportunity to leverage its nearby grain assets, including a site in Panora, Iowa, which was recently acquired through an asset swap with Heartland Co-op, to supply corn to the new mill. Once fully operational, the mill will employ up to eight full-time personnel and generate demand for an additional 14 local truck drivers. AMVC currently anticipates project completion by summer 2024. Additional updates will be provided to the public as this project progresses. “We are proud to demonstrate the power of partnership as we introduce this collaborative model to the local feed landscape. By working together from the start, Landus and AMVC have developed an optimized approach that allows each party to focus on its strengths while better meeting the unique needs of our differing stakeholders. This improved model gives AMVC better control of their long-term biosecurity and traceability requirements, while Landus can focus on sourcing and delivering quality grain from our farmer-owners. By working together, we can both responsibly invest where it makes the most sense; for Landus that means using farmer-owner money in the most effective way possible,” said Matt Carstens, President and CEO of Landus. Protenga, a leading innovator in the transition towards a sustainable, circular, and regenerative food system, recently closed a US$2m venture debt facility with a syndicate of Singapore-based investors to develop its next generation production facilities and launch YumGrubs, its pet food brand. Protenga will launch its next generation of Smart Insect Farms in Malaysia, converting organic by-products into high value protein and organic fertiliser. The expansion is set to meet the rapidly increasing demand for insect-based ingredients for the pet food, aquaculture and animal feed markets and for high quality organic fertilisers to improve soil quality and crop production in South East Asia. The company is executing on its plans to make insect farming accessible and profitable as a basis for replication and regional expansion to become the largest insect company in South East Asia. The company also aims to produce the world’s most sustainable pet food from farm to fork through a vertically integrated supply chain. Fresh produce from the Smart Insect Farms will be used in Protenga’s new pet food production to make wholesome and delicious pet food under YumGrubs, the company’s own brand. Protenga raises $2m to scale Smart Insect Farms and launch pet food brand Protenga closed a US$2m venture debt facility from investors to develop its next generation production facilities in Malaysia and launch YumGrubs, its own pet food brand.
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