Darling Ingredients Inc., today announced that it has acquired the 50% joint venture interest of EnviroFlight LLC, owned by Intrexon Corporation, thereby increasing its ownership interest in EnviroFlight to 100%. EnviroFlight LLC is a leading developer of proprietary technologies which enable the rearing of non-pathogenic black soldier fly (BSF) larvae in a scalable manner. This innovative and responsible approach has considerable potential within the sizable global animal feed industry as it will provide an environmentally-friendly, toxin-free, sustainable source of high-value nutrients. Enviroflight opened the first commercial BSF facility in Maysville, Kentucky in late 2018. Phase one of this production facility currently has the capacity to produce 900 tons of dried BSF larvae on an annual basis.
"Expanding our ownership of EnviroFlight empowers us to accelerate our ability to create higher value, sustainable specialty proteins for the agriculture and companion animal feed industries," said Randall C. Stuewe, Chairman and Chief Executive Officer of Darling Ingredients. "Our purpose is to repurpose, and growing insects for specialty feed ingredients yields 10 times the usable protein per acre compared to producing algae and is at least 50 times the protein per acre compared to soy," Stuewe added. "We welcome the 62 EnviroFlight team members to the Darling Ingredients family."
"EnviroFlight has focused on driving necessary change in the global food supply chain to meet the demands of a growing population, and we look forward to working more closely with Darling Ingredients to realize the considerable promise of insect bioconversion to offer solutions that meet this goal," said Dr. Liz Koutsos, President of EnviroFlight.
EnviroFlight's insect-based approach offers substantial potential to recover the abundant food surpluses with significantly improved protein yield potential compared to traditional protein sources given their proficiency at converting organic materials into valuable proteins, oils, and frass. EnviroFlight's scalable approach utilizing BSF larvae opens the door to a plentiful source of high-quality nutrients for the animal feed and pet food industries. Virtually all animals eat insects in some capacity in their native environment, and notably within the fish and poultry markets, BSF larvae may be more representative of their typical diet than soybean meal and other plant-based proteins. Additionally, demand for fishmeal and fish oil is expected to outpace the supply for these products for application in the multi-billion dollar aquaculture industry, and BSF larvae meal has proven to be an excellent alternative to fishmeal.
EnviroFlight continues to work with regulatory agencies to gain approval to feed these ingredients to food animals and pets in the USA. EnviroFlight's comprehensive research program has demonstrated the safety, applicability and value of BSF-derived ingredients in the diets of poultry (broilers and laying hens), swine, and companion animals. The combination of highly digestible nutrients derived from an environmentally friendly process makes BSF larvae the natural choice to help feed animals.
Since late 2014, EnviroFlight has collaborated with Darling Ingredients to refine its scalable production processes for BSF larvae. Darling acquired a 50% ownership interest in EnviroFlight in 2016. With over 135 years of experience, Darling is the foremost reclaimer and processor of inexpensive bio-sustainable feedstocks, repurposing typically inedible ingredients into usable specialty feed and food solutions. Darling's operational expertise in this area combined with EnviroFlight's innovative approach employing BSF larvae will be leveraged to standardize processes for creating and optimizing BSFL-based feed.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.