Yonct becomes 224 million dollars after the arrival of the world’s largest insect farm in France

Adult meatworms, used for breeding, in the Yancect Insect Farm laboratory.

France:

Rising global demand for food is straining available land, and a French startup says the answer is: indoor insect breeding.

Ynsect raised $ 224 million from investors, including Hollywood star Robert Downey Jr.’s Footprint Coalition, this month to build a second insect farm in Amiens, northern France.

The company breeds meatworms that produce protein for livestock, pet food and fertilizer, and will use that money to produce what it calls the world’s largest insect farm.

Due to its opening in early 2022, it will produce 100,000 tons of insect products such as flour and oil annually and conserve land use, creating 500 jobs.

Ynsect CEO and co-founder Antoine Hubert told Reuters that the 40-meter-high plant, spread over 40,000 square meters, would be “the tallest vertical farm in the world and the first vertical farm in the world. negative carbon emission in the world ”.

He spoke at the company’s first factory, which opened in 2016 in Dole, eastern France, where conveyor belts had trays containing millions of squirming food worms.

Hubert said: “Today it is important to develop pest areas because the world needs more protein, more food, more fodder to feed the animals that will end up producing meat and food. fish… but beyond that, obviously, human food is a market. Is, ”said Hubert.

(Except for the title, this story was not edited by NDTV staff and posted from a syndicated feed.)

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