One of the world’s largest food companies has reached an agreement for an investment with Protix, an insect ingredients company.
Tyson Foods investment will support the growth of the insect ingredient industry and expand the use of insect ingredient solutions to create more proteins and lipids for use in the global food system.
Through a direct equity investment, Tyson Foods will acquire a minority stake in Protix to help fund its global expansion. In addition, Tyson Foods and Protix have entered a joint venture for the operation and construction of an insect ingredient facility in the continental United States.
“Our partnership with Protix represents the latest strategic investment by Tyson Foods in groundbreaking solutions that drive added value to Tyson Foods’ business,” said John R. Tyson, chief financial officer of Tyson Foods. “The insect lifecycle provides the opportunity for full circularity within our value chain, strengthening our commitment to building a more sustainable food system for the future.”
The to-be-built facility in the U.S. will house an enclosed system to support all aspects of insect protein production including the breeding, incubating, and hatching of insect larvae. In addition to ingredients for the aquaculture and pet food industries, processed larvae may also be used as ingredients within livestock and plant feed.
Protix is a fully integrated insect ingredients company, producing and processing 14,000 metric tons LLE annually in its Netherlands facility which has been in operation since 2019. It serves major global companies in the pet food, aquaculture feed, livestock feed and organic fertilizer industries as the demand for insect ingredients continues to grow.
