Insect-Based Ingredients Maker Ynsect Expands In North America
France’s Ynsect has announced deals to build insect ingredient production sites in the United States and in Mexico as the firm kicks off what it says will be the world’s largest insect farm.
Ynsect breeds mealworms that produce proteins for aquaculture, livestock, pet food, fertilisers and human nutrition.
The company signed the U.S. agreement with flour milling company Ardent Mills to build a factory next to one of its U.S. MidWest sites – yet to be determined – by the end of 2023.
The two new sites will cost at least €100 million, each and output should eventually rise to about 200,000 tonnes of insect-based ingredients per year, Ynsect CEO Antoine Hubert told Reuters.
Ardent Mills, a joint venture between ConAgra Foods, Cargill Inc and CHS Inc, would supply milling by-products to feed the insects.
In Mexico, Ynsect teamed up with food and general services provider Corporativo Kosmos. The factory would be located near Mexico City and export to the U.S. market.
The company is discussing about 10 other deals in Europe, the Middle East and Asia and expects additional agreements next year.
Related news
Heineken teams up with the Ellen MacArthur Foundation
Heineken has joined the Ellen MacArthur Foundation network to promote…
Read more >Temu partners with DHL for local-to-local in Europe
Temu and DHL Group have signed a Memorandum of Understanding.…
Read more >Hungary and FAO put cooperation on a new footing
Maurizio Martina, deputy director-general of FAO and deputy state secretary…
Read more >Related news
The European Commission demands the abolition of margin squeeze
The European Commission has launched infringement proceedings against Hungary over…
Read more >Auchan launched its local supplier program in Debrecen
Auchan Hungary Ltd. has launched its local supplier program in…
Read more >E.ON Drive Infrastructure expands its e-charging network at ALDI with a development worth more than two billion forints
E.ON Drive Infrastructure Hungary (EDRI) is increasing the performance of…
Read more >