Ÿnsect, the Parisian natural ingredients maker, has launched what it claims is the first fully automated industrial facility to produce premium insect protein.
Based in the city of Amiens, the FARMYNG project is co-funded by the European Commission and the Bio-Based Industries Joint Undertaking (BBI JU) who are investing €20 million euros.
Ÿnsect, which will operate its Ynfarm plant as part of the programme, is the first French company to win an EU-backed project on such a scale.
The project will produce insects called Tenebrio Molitor on an industrial scale, which can be used as premium proteins for animal feed and fertilizers.
The Molitor larva comprises more than 70% protein and is a natural source of nutrients for a wide array of animals, including fish, poultry, pigs, dogs and cats.
The company said this will be the first time that bio-based proteins are produced on an industrial scale, to meet ever-increasing global demand.
Over the next ten years, the project will have the potential to ramp up production to over 200,000 tonnes of premium protein with revenues of around €1 billion and the creation of 1,200 direct and indirect jobs.
In addition, the plant will benefit the environment hugely by avoiding the need to reduce wild fish stacks by 800,000 tonnes.
The Amiens site is due to open in 2021, representing one of the first Industry 4.0 factories on the continent.
Antoine Hubert, CEO and founder of Ÿnsect, said the FARMYNG project devised and piloted by Ÿnsect would “lay the foundations for a new protein supply chain to meet the world’s immense food challenge”.