Also of interest in June, was the development news that two European insect-focused companies shared as Ÿnsect won €20m in backing from the EU Commission and Protix saw its commercial facility open.
The French company, Ÿnsect, is using the funding to make progress toward a fully automated industrial facility focused on generating a mealworm-derived protein. The company had already secured more than $175m in investments and has 110 employees.
Protix’s new production facility is dedicated to raising black soldier flies. The opening of the commercial-size facilities is thought to show the “transformation” of the sector as there is increased aquaculture production using insect-based proteins.