Flylab, Sanyo Trading Asia to develop insect-based feeds

A state-of-the-art factory will be established in Bangkok area to produce 6,000 MT of black soldier fly larvae ingredients.

September 27, 2023

Flylab, in collaboration with its partner and investor, Sanyo Trading Asia, signed a Letter of Intent (LoI) to deliver consistent, top-tier insect-based feed ingredients.

Sanyo Trading Asia, a subsidiary of Sanyo Trading Co., Ltd. in Japan, and Flylab have been collaborating for over a year after closing a USD 1 million in SEED and Pre-Series A round in 2022 led by Sanyo Trading. The new agreement marks a significant turning point in their partnership.

Highlights of the LoI encompass ongoing negotiations aimed at securing a transformative 6,000 metric tonnes supply contract for Flylab’s signature product, FLMeal, over the next three years. “This agreement sets the stage for a new era of insect-based feed production, promising sustainable and high-quality solutions to meet the growing demands of the industry,” the company said in a press release.

To bolster the venture, a state-of-the-art factory will be established in Bangkok area, slated to be fully operational by the second quarter of 2024. The facility will be the epicenter of operations. It will play a pivotal role in achieving the ambitious goal of producing 6,000 MT of Black Soldier Fly Larvae (BSFL) ingredients (meal and oil) annually.

“The collaboration will also create a strong foundation for advancements in research and development, innovations in technology, and a commitment to excellence in operations management,” the company concluded.