ADM to Host Giant Insect Farm in Bet on Sustainable Animal Feed
· Grain trader partners with InnovaFeed on new Decatur factory
· Insects emerging as a sustainable protein alternative
By Agnieszka de Sousa, Bloomberg
November 19, 2020
Agricultural trader Archer-Daniels-Midland Co. is getting into the insect business to tap growing demand for alternative and sustainable sources of animal feed.
The company is partnering with InnovaFeed SAS to build an insect protein factory, which it says will be the world’s largest. The plant, located at its corn-processing site in Decatur, Illinois, will produce protein from black soldier fly and will begin construction next year, pending approvals, ADM said Thursday.
Insects are increasingly seen as a viable solution to several sustainability problems. Using a fraction of land and emitting less carbon, they turn food waste into feed and offer an alternative source of protein. In fish farming, they’re starting to displace fishmeal, made from wild-caught fish. Insect feed will help the 118-year-old ADM diversify its product portfolio, which has been moving beyond its traditional agriculture businesses.
The Decatur project “further expands our participation in the growing market for animal food and feed that comes from responsible, sustainable sources,” Chris Cuddy, president of ADM’s carbohydrate-solutions business, said in a statement. “At a time when the demand for animal feed protein is steadily increasing, insect farming stands out as a true solution for the future.”
The facility will be owned and operated by...
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