Ÿnsect expands production in the United States
Ÿnsect recently announced plans to expand its insect production sites within the United States. Ÿnsect currently runs three production sites, one in Dole, France (commissioned in 2016), one in the Netherlands (2017) and a hatchery in Omaha, Nebraska, and is currently commissioning a fourth site, the world’s largest vertical farm, in Amiens, France.
Ÿnsect anticipates initial construction on the additional production site to begin by the end of 2023. As part of this expansion, Ÿnsect will explore potential synergies with Ardent Mills, the premier flour milling and ingredient company in the US. Antoine Hubert, CEO and co-founder of Ÿnsect noted that “this exploration marks the start of potential collaborations between two key players within the global food industry”.
The company, which employs 360 people, has raised around $450 million from major investment funds, banks and public entities and exports its products around the world.
The company is strategically expanding their business across all continents to establish local relations with wheat chains and limit CO2 emissions, water consumption and biodiversity impact across farming activities. The company has adopted a circular economy model for its new vertical farms to create value chains that are fully compliant with the Paris COP21 agreements.
Founded in 2011 in Paris, France, by both scientists and environmental activists, Next40 and B Corp-certified, the company processes insects into high-end, high-value ingredients to feed the entire food chain: plants, farmed animals, pets and humans.