Capital expenditure: 250 Million

Press Release:

January 10, 2022 – French firm, InnovaFeed, broke ground Tuesday on what will become the world’s largest provider facility of insect protein.

InnovaFeed announced a strategic partnership with ADM in 2020 that will allow the facility to produce protein-rich feed, oils, and fertilizer through groundbreaking insect farming technology. The plant, which represents a 250 million dollar investment, will be located near the ADM plant in order to facilitate what InnovaFeed calls an “industrial symbiosis model” that will result in zero waste. This is accomplished by purchasing waste energy from ADM, piping the waste to the InnovaFeed plant, and then using that waste product to farm the insect proteins.