NEWS 6 FEED & ADDITIVE MAGAZINE October 2022 Innovafeed, a leader in the production of insects (Hermetia Illucens) for animal and plant nutrition, announced it has raised US$250 million in Series D funding. This round, led by Qatar Investment Authority (QIA), also includes existing investors Creadev and Temasek, and new strategic and financial investors: global agribusiness leaders ADM and Cargill – both of which have strategic partnerships with Innovafeed – as well as Future French Champions, ABC Impact, IDIA Capital Investissement and Grow Forward. This new round of financing brings Innovafeed's total cumulative financing to US$450 million. Innovafeed has already secured commercial partnerships for volumes representing more than €1 billion over the next 10 years. Innovafeed will use the capital to: • Continue to increase production capacity in France through the further expansion of its Nesle site in the north of France, the world's largest vertical insect farm; • Accelerate its international expansion, notably in the United States with the construction of a new production plant in Decatur, IL, in collaboration with ADM; and prepare global roll-out of Innovafeed's technology, including development in Asia; and Innovafeed raises US$250m in Series D financing round to accelerate growth Global science-based companies BASF and Evonik have joined forces in order to help customers to produce more sustainable feed and animal protein. BASF and Evonik entered into an agreement, granting Evonik certain non-exclusive licensing rights to Opteinics™ - BASF’s digital solution to increase understanding and reduce the environmental footprint of the feed and animal protein industries. Evonik integrates the digital ready-to-use sustainability platform Opteinics™ into its global feed consultancy services. Combining BASF's digital sustainability solution Opteinics™ with Evonik’s innovative farm management tools and sustainability services will help customers to produce more sustainable feed and animal protein. Opteinics™ is a software solution launched by BASF in 2021 to measure, analyze and minimize the environmental impact of animal protein, with an emphasis on animal feed production. Currently the software offers modules for pig and poultry production and can be integrated with feed formulation software. Opteinics™ for pork has recently been fully verified to conform with the ISO 14040 and 14044 LCA standards as well as with the UN Food & Agriculture Organization Livestock Environmental Assessment & Performance (LEAP) Partnership guidelines. Applications for the dairy value chain and for the optimization of compound feed mixtures will follow soon. With the use of Opteinics™, Evonik can even better support the livestock industry to make significant progress in fighting climate change, safeguarding ecosystems, and ensuring health and well-being as it works to achieve sustainable food production. BASF and Evonik are already targeting further developments in digital sustainability offerings as they both aim to help the animal production sector become more sustainable. BASF and Evonik partner to reduce environmental footprint
RkJQdWJsaXNoZXIy MTUxNjkxNQ==