NEWS 10 FEED & ADDITIVE MAGAZINE January 2023 Ÿnsect establishes insect farms in Mexico and US Rumin8 expands global footprint to the US Ÿnsect, one of the world leaders in insect production, announced that it will establish new insect farms in Mexico and the USA. Ÿnsect signed an agreement with Corporativo Kosmos to establish a new insect vertical farm in Mexico and also to work with Ardent Mills for the project to expand its insect farm in the US. Mexico is the leading country in terms of consumption of insects and insect-based proteins. Ÿnsect's new insect farm would offer proximity to the United States, by far the largest future market for insect protein. In November 2022, Antoine Hubert, CEO of Ÿnsect, and Jack Landsmanas, CEO of Corporativo Kosmos signed an exclusive Joint Development Agreement (JDA) to begin developing this insect farm in Mexico. This agreement marks the continuation of a two-yearlong collaboration between two key players within the global food industry: Ÿnsect, the world leader in insect production, and Corporativo Kosmos, leader in providing comprehensive food and food facilities services in Mexico. The company also announced its intent to expand its insect production sites within the United States. The move builds off Ÿnsect’s first mealworm farm opening in March 2022 in Nebraska. Ÿnsect anticipates initial construction on the additional production site to begin by end of 2023. As part of this expansion, Ÿnsect will explore potential synergies with Ardent Mills, the premier flour milling and ingredient company. “Ynsect aims to help contribute to reinventing the global food system, while also focusing on sustainability. We are excited to examine potential opportunities with the North America leader in flour milling. This exploration marks the start of potential collaborations between two key players within the global food industry,” said Hubert. Read more>> Rumin8 announced that it will open an office in Northern California, US. Rumin8’s expansion to the United States provides the company with exposure to a significant source of capital for climate technology start ups from climate impact funds, as well as proximity to a large market of sophisticated beef and dairy industry participants seeking to reduce their impact on global warming. Rumin8 Chief Commercial Officer Kosta Stavreas said the company’s expansion to the United States coincide with significant investment from the US Department of Agriculture in market opportunities for American agriculture participants to be leaders in climate-smart agricultural production. “The appetite for methane reducing solutions is astounding in the US market and participants in both dairy and beef have pushed open a door for us to enter the market,” he said. Stavreas will head up Rumin8 USA as well as leading Rumin8’s commercial expansion. “It’s an exciting time to be in the US with growing interest from the private sector to develop these technologies, as well as producers being open to trying new solutions that will help reduce livestock greenhouse gas emissions,” said Stavreas. “The new office will be a base for the Americas and help us to work regionally with key markets where there are more than 400 million head of cattle concentrated across a small number of countries.” Read more>>
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