With the aim of improving the sustainability and resilience of Vietnam's aquaculture supply chain, Singapore-based biotechnology company, Entobel has signed an expanded strategic partnership with the world's largest pangasius fish producer, Vinh Hoan
The partnership also includes an offtake agreement by Vinh Hoan Corporation's subsidiary, Feed One to purchase insect protein produced at Entobel’s Vung Tau factory this year. Over the next three years, from 2025-2027, Vinh Hoan will also be purchasing a minimum of 15,000 metric tonnes of insect protein.
Regional expansion plans are underway as the company targets the launch of its Series C funding round in Q2 2024. Key markets include Vietnam, Indonesia and Malaysia. In addition, Entobel has successfully de-risked the operational and technological aspects of the business model while demonstrating strong commercial traction for its products.
“Vinh Hoan recognises that a crucial element in feeding the world’s growing population while protecting the ocean’s ecosystem and biodiversity is to ensure that aquaculture feed ingredients come from sustainable sources," Vinh Hoan CEO, Nguyen Ngo Vi Tam. "Accelerating the adoption of Entobel’s insect protein in pangasius production will make it possible for Vinh Hoan to source aquaculture feed ingredients in a more sustainable way and use feed ingredients that are not in direct competition with human nutrition, facilitating a more responsible aquaculture industry.”
For more information, visit: https://www.entobel.com/ and https://www.vinhhoan.com/
