Agtech Company Nutrition Technologies Has New InvestorAgtech Company Nutrition Technologies Has New Investor
Nutrition Technologies has a proprietary controlled industrial microbial decomposition process that uses black soldier fly larvae (BSFL) to bio-convert food waste and industrial organic by-products diverted from landfills.
June 26, 2023
Nutrition Technologies welcomes Bunge Ventures, the for-profit principal investing arm of Bunge--a leading global agribusiness, food, feed, and ingredients company—as an investor.
Nutrition Technologies has a proprietary controlled industrial microbial decomposition process that uses black soldier fly larvae (BSFL) to bio-convert food waste and industrial organic by-products diverted from landfills. Patent-pending fermentation technology provides a scalable platform for a range of insect-based products for crop health and animal feed.
“We are very excited to have Bunge Ventures as a new investor,” said Tom Berry, Co-CEO and Co-founder of Nutrition Technologies. “Their global network and experience in the agribusiness sector are unrivalled and this investment will allow us to scale our tropical bioconversion system and make insect-based products a mainstay ingredient of the future.”
Nutrition Technologies manufactures and supplies insect meal, oil, and bio-fertilizers to help feed the growing agriculture and feed industries worldwide. After extensive R&D, the company has focused on developing a unique biotechnology approach within the insect sector. This process uses beneficial microbes and BSFL to provide a zero-waste, low-energy, and low-cost production model.
“This has not only resulted in our ability to out-compete competitors on pricing, but also on carbon emissions and sustainability credentials,” said Nick Piggott, Co-CEO and Co-founder of Nutrition Technologies.
The black soldier fly is a tropical species that grows quickly and efficiently in the ambient Malaysian climate, resulting in minimal energy requirements in the rearing process. The company currently ships industrial volumes of material throughout Europe, Asia, and South America from its factory in Malaysia.
Nutrition Technologies recently signed an MoU partnership with Sumitomo Corp. to distribute products into Japan. Last month, they also launched a new organic biofertilizer, Diptia, derived from fermented insect frass designed to protect major agricultural crops from fungal diseases that currently pose a major threat to food production. This was the first in a family of crop health products to be released by the company. In March, Nutrition Technologies was also awarded full approval to ship its insectmeal and insect oil into Europe and the UK for the pet food and aquafeed markets, providing European manufacturers with the option to buy high quality, affordable insect-based ingredients.
About the Author(s)
You May Also Like
USDA Recall Report: November 2023Dec 05, 2023
8 Chemical Plant Workers Treated for Toxic Chemical ExposureDec 05, 2023
Fire Erupts at ADM Soy Processing PlantDec 05, 2023
CSB Releases Final Report in Fatal Vapor ExplosionDec 05, 2023