This project included tasks aimed at meeting these three main objectives:
• Objective 1: Setting up a pilot unit to assess the technical feasibility of the project at industrial scale and refine the operational model
• Objective 2: Study and confirm freedom to operate in terms of IP and regulation
• Objective 3: Validate the interest of aquaculture feed manufacturers in insect meal, launch commercial testing and build a business model
To meet objective 1, several key steps of the process were optimized to make a large-scale industrial production feasible. Leveraging on the expertise developed over 30 years by the Insect Pest Control Laboratory, a joint FAO/IAEA research program, InnovaFeed’s R&D team further optimized Hermetia illucens’ egg production and breeding system to achieve maximum productivity and consistent quality of the product. During this feasibility study, egg production and breeding were optimized well beyond the set target.
A close monitoring of our operational enhancements enabled InnovaFeed to refine its operational model and secure strategic partnerships for all steps of the process.
InnovaFeed’s progress convinced renowned private and public investors to commit over 15 Million Euros to carry out the next phases of R&D, and commercial and industrial deployment. This includes the scale up of operations which has materialized into the design and construction of 1,000 tons/year capacity production site located in the north of France.
In accordance with the feasibility study’s second objective, we worked with a European Patent and Law office to study the IP landscape in the Insects for Feed sector. The study concluded that there are no restrictions on the production and commercialization of InnovaFeed’s product. The next step for InnovaFeed will be to explore the strategic value of potential patents on our processes and/or final products.
Since July 1st 2017, and as anticipated by the IPIFF, EU Regulation 2017/893 permits the use of insect protein in fish feed, derived from seven insect species including Hermetia illucens. The current EU regulatory context, therefore, allows InnovaFeed’s product to reach its full potential on the European fish feed market.
At national level, all regulatory procedures have been filed and validated. In particular, this covers the industrial aspects of ICPE 2221 and 2150 (exemption procedure granted by the French President on March 23rd 2017) and the sanitary approval at product level for production sites.
Objective 3 was to validate the interest of aquaculture feed manufacturers in insect meal and launch commercial testing of our product, and further structure our business model.
The feedback received from fish feed manufacturers and fish farmers confirmed both the limitations of current options (wild fishmeal and soy meal mainly) and the strong interest in insect meal as an alternative in the diet of farmed fish.
Concerned with the overexploitation of wild fish stocks, fish meal manufacturers are looking for alternatives that will reduce the use of fish meal while still ensuring a healthy high protein diet for farmed fish. Soy meal also presents limitations as fish feed and contains factors that are anti-nutritional for most farmed fish including trout and salmon, which are carnivorous species.
Fish feed manufacturers and fish farmers expressed a strong interest for insect meal because it meets their need to lower the cost of fish feed, to use sustainable resources and to improve the diet and health of farmed fish with an innovative product. Being naturally more nutritious for farmed fish, insect meal reduces the need for potentially harmful supplements such as food colouring or antibiotics. Thus, the use of insect meal positively impacts both the health of fish and the health of end consumers.
Commercial testing on trout with two leading fish feed manufacturers in Denmark and Norway confirmed our insect meal is highly digestible and its amino-acid profile perfectly meets the nutritional needs of farmed fish. Tests also showed insect meal contains significantly less heavy metals than wild fish meal. The positive results of tests led to pre-orders from both manufacturers for over 1,000 tons for 2017/2018. Commercial testing with other fish feed manufacturers and salmon farmers is ongoing.
InnovaFeed’s has built a strong partnership with the retailing giant Auchan, with the signature of a joint Declaration of Intent for Aquaculture on October 17th 2017. Auchan has positioned itself as a champion of responsible fish trade for years. InnovaFeed’s product helps them address one of their main objective which is to use alternatives to a finite wild fish meal supply as the aquaculture sector continues to expand. Confident in the benefits of using insect meal in aquaculture, Auchan’s partnership with InnovaFeed gives feed manufacturers and fish farmers a reliable outlet. Several trout farmers who are suppliers of Auchan are in the process of integrating InnovaFeed’s product into their fish diet.