The for-profit principal investing arm of Bunge, Bunge Ventures, has become a new investor in Nutrition Technologies. “We are very excited to have Bunge Ventures as a new investor,” said Tom Berry, co-CEO and co-founder of Nutrition Technologies. “Their global network and experience in the agribusiness sector are unrivaled and this investment will allow us to scale our tropical bioconversion system and make insect-based products a mainstay ingredient of the future.”

Nutrition Technologies manufacture and supply insect meal, oil and bio-fertilizers to help feed the growing agriculture and feed industries around the world. After extensive R&D, the company has focused on developing a unique biotechnology approach within the insect sector. This process uses beneficial microbes and BSFL to provide a zero-waste, low-energy and low-cost production model. “This has not only resulted in our ability to out-compete competitors on pricing but also on carbon emissions and sustainability credentials,” said Nick Piggott, co-CEO and co-founder of Nutrition Technologies.

As a tropical species, the black soldier fly grows rapidly and efficiently in the Malaysian climate, resulting in minimal energy requirements in the rearing process. The company currently ships industrial volumes of material throughout Europe, Asia and South America from their two-hectare factory in Malaysia.

Nutrition Technologies recently signed an MoU partnership with Sumitomo Corporation to distribute products in Japan. In March of this year, the company was also awarded full approval to ship its insect meal and insect oil into Europe and the UK for the pet food and aquafeed markets.