Key Takeaways:
- Idealist Capital, Sanimax, and Fondaction have invested $58 million in Entosystem to expand production capacity and build a second commercial plant.
- Entosystem converts organic waste into high-quality insect proteins and organic fertilizers, reducing food production’s environmental footprint.
- The Drummondville plant processes 90,000 tonnes of organic matter annually, producing 5,000 tonnes of protein meal and 15,000 tonnes of fertilizer.
- The investment supports Entosystem’s carbon-negative operations, which reduce greenhouse gas emissions by 85% and generate carbon credits.
- The second plant is a key step in Entosystem’s growth strategy to meet the rising demand for sustainable agriculture solutions.
$58 Million Investment to Fuel Entosystem’s Growth
Idealist Capital, Sanimax, and Fondaction have announced a $58 million strategic investment in Entosystem, a global leader in insect protein and organic fertilizer production. This investment is aimed at significantly increasing Entosystem’s production capacity and financing the construction of a second commercial plant, enabling the company to expand its impact on sustainable agriculture and animal nutrition.
Transforming Organic Waste into Sustainable Agriculture Inputs
Entosystem’s cutting-edge technology diverts organic waste from landfills, transforming it into valuable ingredients that help reduce the environmental footprint of food production. The company’s Drummondville facility processes 90,000 tonnes of organic material annually, producing 5,000 tonnes of insect protein meal for animal feed and 15,000 tonnes of organic fertilizer.
An independent study found that this process reduces greenhouse gas emissions by 85% compared to traditional methods, generating carbon credits in the process.
Expansion Plans with a New Commercial Plant
The planned second plant represents a critical step in Entosystem’s strategy to meet the growing global demand for sustainable proteins and fertilizers. This expansion will enhance the company’s capacity to support circular economy initiatives by reintegrating organic matter into the food chain through environmentally friendly processes.
Strategic Partnerships with Key Investors
Entosystem’s rapid growth is fueled by collaboration with strategic partners such as Idealist Capital, Sanimax, and Fondaction, all of whom share a commitment to sustainability and environmental stewardship.
Cédric Provost, President and Co-Founder of Entosystem, expressed enthusiasm for the investment, saying, “This agreement is the result of a rich collaboration with strategic business partners and, above all, the dedication of an outstanding team without whom Entosystem would not have been able to position itself so quickly as a world leader in its sector.”
Investor Perspectives on Entosystem’s Sustainability Vision
Martial Hamel, Chief Executive Officer of Sanimax, highlighted how Entosystem’s goals align with their mission, stating, “Their sustainable approach aligns perfectly with our strategic plan, our values, and our mission of a greener environment.”
Steeve Robitaille, Co-Managing Partner at Idealist Capital, praised Entosystem’s efforts, saying, “We are excited to support the Entosystem team in the next phase of its scale-up in a booming industry.”
Claire Bisson, Vice-President and Head of Investment at Fondaction, emphasized the societal benefits of the investment, noting that increasing production also increases the positive environmental impact: “When it comes to reducing the carbon footprint of the livestock sector through the production of insect proteins dedicated to animal feed, we are doing a double whammy.”
Entosystem Latest News
Inaugurates Its Insect Production Facility (2023/05/24)
Québec-based Entosystem has inaugurated its largest production facility in North America, a 100,000-square-foot facility. The fully automated industrial system aims to repurpose 90,000 tons of organic matter annually into 5,000 tons of protein-rich larvae and 15,000 tons of organic farming-approved fertilizer. The facility will implement a patented insect-rearing process and embody a zero-waste ethos. The facility will receive 250 tons of feed daily, consumed by black soldier fly larvae within six days, which are then dried, ground, and used as feed for pets and farm animals. The facility is expected to create 70 jobs in Drummondville and contribute to Québec’s circular economy project.
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