www.foodengineeringmag.com By Food Engineering
Tyson Foods, Inc. announced that it has reached an agreement for a twofold investment with Protix, an insect ingredients company. The investment is intended to support the growth of the emerging insect ingredient industry and expand the use of insect ingredient solutions to create more efficient sustainable proteins and lipids for use in the global food system.
Through a direct equity investment, Tyson Foods will acquire a minority stake in Protix to help fund its global expansion. In addition, Tyson Foods and Protix have entered a joint venture for the operation and construction of an insect ingredient facility in the continental U.S. Upon completion, the companies say it will be the first at-scale facility of its kind to upcycle food manufacturing byproducts into high-quality insect proteins and lipids which will primarily be used in the pet food, aquaculture and livestock industries.
“Our partnership with Protix represents the latest strategic investment by Tyson Foods in groundbreaking solutions that drive added value to Tyson Foods’ business,” says John R. Tyson, chief financial officer of Tyson Foods…
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