Protix raises EUR 50m

LUXEMBOURG, Livestock farming requires large quantities of protein-rich feed, often made with fish meal or soy, which contributes to overfishing and deforestation. The Dutch company Protix (www.protix.eu) farms larvae from black soldier flies (BSF) and processes them into  natural and sustainable ingredients like protein and fat. Organic waste from the food industry serves as feed for insects. In turn, the insects are used in various feeds for pets, fish, chicken, and other animals, just as in nature. In this way, the food cycle closes and insects, as an alternative source of protein, help prevent the depletion of natural resources such as overfishing and deforestation for soy cultivation. The company is now receiving a financial injection of 50 million euros for its expansion, research and development.

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