07 May 2024
Tyson Foods investing in insect protein
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Tyson Foods, a major US producer of beef, pork and chicken, is betting on protein that comes from insects.
The meat processor said on Tuesday that it has invested in Protix, a Netherlands-based insect ingredients maker. Tyson is not only taking a minority stake in the company, but is working alongside it to build a US factory.
That facility will use animal waste to feed black soldier flies, which will then be turned into food for pets, poultry and fish. Tyson did not disclose the financial specifics of the deal.
Those flies are not going into human food, at this point. “Today, we’re focused on more of [an] ingredient application with insect protein than we are a consumer application,” said John R. Tyson, chief financial officer of Tyson Foods.
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