Entobel, a global leader in the production of functional insect protein for animal and plant nutrition, on 23 November, celebrated the opening of its new black soldier fly (BSF) production plant, the largest of its kind in Asia
Entobel’s state-of-the-art facility was constructed in an industry record time of 12 months and is currently the world’s most CAPEX-efficient BSF production facility.
Featuring 50 levels of vertical rearing, incorporating automation via robotics, cutting-edge sensors and data analytics that enhance productivity, the facility leverages a US$33mn Series B funding round raised in 2022 and backed by Mekong Capital, Dragon Capital and The International Finance Corporation (IFC), the Vung Tau facility marks Entobel’s second industrial-scale production facility in Vietnam and will have an annual production capacity of 10,000 MT of insect protein. The facility will serve as an economic and community anchor, creating 150 jobs in manufacturing and operations.
Entobel’s end products include insect protein and insect oil which are consumed primarily by the aquaculture and livestock industries. Additionally, Entobel also produces insect frass, a sustainable base for fertiliser that reduces the need for chemical fertilisers that make up a large portion of agriculture field operational costs.
The company has a clear line-of-sight for regional expansion including continued expansion in Vietnam and is preparing to build new facilities in markets such as Indonesia and Malaysia. Entobel is targeting the launch of its Series C funding round in H1 2024 to support its growth plans.
“The Entobel team has demonstrated capital allocation efficiency and execution excellence through the successful construction of two industrial-scale facilities in the last four years. Successful commissioning of the Vung Tau plant, one of the largest globally as measured by insect protein production capacity, has de-risked the operational and technological aspects of the business model, enabling the plant to serve as a blueprint for Entobel’s rapid regional expansion,” said Sandy Singh Sandhu, CFO of Entobel.
For more information, visit: https://www.entobel.com/
