Southeast Asia’s largest insect production facility to go live in 2020
A story about venture capital interest in a Singapore based insect protein player came in seventh in our ranking of most popular stories last month.
Nutrition Technologies said the capital raised in the Series A round will go towards the establishment of its new manufacturing plant to be located in Johor, Malaysia.
“We’re moving into a renovated factory site to increase our speed to market, so will be producing by the end of 2019, and at full capacity by the end of 2020,” Nick Piggott, co-founder and CEO of the company told us.
When operational, the Nutrition Technologies' facility will be Southeast Asia’s largest insect production facility, with capacity for over 18,000 tons of insect-based feed ingredients and organic fertilisers every year, said the company.