Entobel, a global leader in the production of functional insect protein for animal and plant nutrition, has recently opened its new black soldier fly (BSF) production plant in Vietnam, the largest of its kind in Asia.
Alexandre de Caters and Gaëtan Crielaard, Co-Founder/CEO of Entobel said, “Today marks a major milestone in our journey to transform the insect protein landscape and supply sustainable feed ingredients to the rapidly growing aquaculture and pet food industries.”
Entobel’s state-of-the-art facility in Vung Tau was constructed at an industry record time of 12 months and is currently the world’s most CAPEX-efficient BSF production facility. The facility features 50 levels of vertical rearing, incorporating automation via robotics, cutting-edge sensors and data analytics that enhance productivity. Leveraging a US$33 million Series B funding round raised in 2022 and backed by Mekong Capital, Dragon Capital and The International Finance Corporation (IFC), the Vung Tau facility marks Entobel’s 2nd industrial-scale production facility in Vietnam and will have an annual production capacity of 10,000 metric tons of insect protein.
Entobel has proven that it is possible and profitable to meet the growing global demand for sustainable feed ingredients. By 2050, consumption of protein is projected to increase by approximately 75% as the global population continues to rise. Aquaculture – as the fastest-growing animal protein sector globally due to its resource-efficient ways of producing animal protein – is expected to plug the protein gap. The aquaculture industry will have to become more sustainable to meet its full growth potential as it currently relies heavily on fishmeal, which causes over-fishing and a significant loss of biodiversity to the world’s oceans. According to the European Commission, traditional fishmeal has an average annual production of 5 million metric tonnes. The most promising solution to the over-reliance on fish meal is functional insect-based ingredients.
Entobel’s end products include insect protein and insect oil which are consumed primarily by the aquaculture and livestock industries. Entobel also produces insect frass, a sustainable base for fertilizer that reduces the need for chemical fertilizers that make up a large portion of agriculture field operational costs.
Entobel strategically selected Vietnam as its initial scale-up market due its tropical climate, which is the ideal environment for BSF thereby reducing capital and operational expenditures; the country’s position as one of the largest aquaculture hubs globally; and access to a stable supply of high-quality feedstock.
Entobel, which has its headquarters in Singapore, also has plans for regional expansion as it intends to build new facilities in markets such as Indonesia and Malaysia. Entobel is targeting the launch of its Series C funding round in first half 2024 to support its growth plans.