Tyson Foods Inc. is buying a stake in insect-protein company Protix BV. The two companies will collaborate to establish a manufacturing facility in the US to produce bug-based meal and oil, typically used in fish feed and dog food.
The American meatpacker said Tuesday that it agreed to buy a stake in Dongen, Netherlands-based Protix BV to help fund its expansion. The companies will also form a joint venture to build and operate a US facility that will produce bug-based meal and oil, which are typically used in fish feed and dog food. Financial terms of the deal weren’t disclosed. —Bloomberg
“It’s a multibillion-dollar industry opportunity that has tremendous growth potential, and we see Protix as being a leader there,” Tyson CFO John Tyson said in an interview.
Tyson said, “In the long run, insect-protein inclusion in animal-feed diets can be a real thing that exists and can be one that is good for people, planet and animals.”
www.zerohedge.com/markets/meat-giant-tyson-foods-reveals-new-insect-plant-2025?EdNo=202