Report
Teaser, summary, work performed and final results
Periodic Reporting for period 1 - IFASA 2 (INSECTS FOR A SUSTAINABLE AQUACULTURE 2)
Teaser
The consumption of fish protein is essential to the livelihood and well-being of billions of people worldwide, and aquaculture is a sustainable way to produce healthy fish while preserving wild fish stocks. With a 10% yearly growth over the past decade, aquaculture is one of...
Summary
The consumption of fish protein is essential to the livelihood and well-being of billions of people worldwide, and aquaculture is a sustainable way to produce healthy fish while preserving wild fish stocks. With a 10% yearly growth over the past decade, aquaculture is one of the fastest growing sector in the food industry. Yet, sector’s expansion and sustainability are challenged by current fish feed limitations. Indeed, fishmeal and soybean meal are the two main ingredients in fish feed formulations and both hold challenges in terms of sustainability and nutritional value:
Fishmeal absorbs up to a third of wild caught fish, contributing to the depletion of fish stocks and its availability is limited due to fishing quotas with a direct impact on price (price rise from 500 euros per ton in 2004 to 1,500 euros per ton today );
Soybean meal contains anti-nutritional factors for most farmed fish and its use for aquaculture increases Europe’s protein deficit and dependency on raw material imports. Today, 80% of protein-rich crops used in Europe for animal feed, i.e. mostly soybean meal, are imported .
Fish feed manufacturers and fish farmers are seeking innovative ways to increase the nutritional value of their products while reducing the environmental impact of their supply chain. Insect protein stands out as one of the best solution to address this need and drive the development of sustainable aquaculture. Insect protein has demonstrated excellent nutritional performance with less pollutants than fishmeal (heavy metals, pesticides residues, PCBs, dioxins), restoring a natural diet for farmed fish that eat insects in the wild (e.g. salmon, trout, seabass). InnovaFeed’s insect protein is an alternative source of quality protein that will address the fish feed challenge and support the aquaculture sector’s growth.
InnovaFeed has optimized the zootechnical model of Hermetia illucens (European endemic fly species) to achieve maximum productivity and consistent quality of insect protein for aquaculture. Its sustainable short loop production model uses low-value plant resources as the main input and releases valuable by-products which are then re-introduced into the agro-industry. By fitting into a circular economic model, InnovaFeed’s activity is competitive and scalable.
With its feed ingredients derived from insects, InnovaFeed’s ambition is threefold:
1. To provide an environmentally-friendly, healthy and safe source of feed to boost the growth potential of aquaculture;
2. To recycle agricultural by-products through a circular economy model and improve the European commercial balance.
3. To translate an ecological revolution into a lever of growth and job creation in Europe.
Work performed
InnovaFeed’s progress on the project is in line with the planning. We are currently in the process of building our plant to extend our production capacity to 10,000 tons per year. The design and engineering of this new tranche is now completed.
We also performed strong breeding process optimization in our operating tranche in Gouzeaucourt. It allowed InnovaFeed to improve and optimize industrial processes for next production tranches.
InnovaFeed managed to raise 55 M€+ in 2018 ; this will speed up the development of InnovaFeed in the next wave of plant production in France, Europe and will initiate our deployment in the US.
Finally, we strengthened important commercial partnerships on our products. We announced a strategic partnership with Cargill and also secured strong commercial partnership with Italpollina.
Final results
The end of the project will be concomitant with the end of the plant’s construction. The plant will be able to deliver 10,000 tons of proteins per year ; it will provide jobs for around 100 people on site and will create significant value locally. InnovaFeed is also pursuing several leads in terms of R&D to enhance further developments, improve competitiveness and build the future of the European insect industry.
Website & more info
More info: https://innovafeed.com/.