InsectBiotech Secures $8.3M for BSFL Facility in Spain
InsectBiotech has raised €7.2 million ($8.3 million) to establish a facility in Andalusia, aimed at converting agricultural by-products into protein, oil, and fertilizer. This initiative will enhance the circular economy by utilizing large quantities of olive pomace, addressing both sustainability and regional economic needs.
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InsectBiotech has successfully raised €7.2 million ($8.3 million) to construct a facility in Andalusia, set to commence operations in Q3 2027. The site will process up to 7,500 tons of agricultural by-products annually, yielding 1,300 tons of fresh black soldier fly larvae, equating to 300 tons of high protein meal, with future plans to scale to 10,000 tons.
The project addresses feedstock and energy challenges by leveraging abundant olive waste and solar energy, promising a reduction in operational costs. The company anticipates signing multiple letters of intent with sectors including aquaculture and livestock for protein supply. Long-term, InsectBiotech aims to expand its operations globally across multiple countries that produce olive pomace.
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