.webp)
View more
EntoGreen, an Ingredient Odyssey (IO) brand focused on the circular economy in the agri-food sector, has reached an investment that will allow it to build the first industrial unit for bioconversion with insects. The Santarém-based company will use insects to obtain protein for animal feed, non-chemical fertilisers and insect oil from plant waste. In addition, EntoGreen will also invest in building its own R&D facility in the Industrial Zone of that same region.
For this purpose, IO has raised a combination of funds, equity and debt, amounting to €10.36m. To implement the project, the company will continue to raise debt, which includes the loan it will take out through GoParity.
The new unit, already under construction and scheduled to start production in October 2022, is innovative in the way it uses insects as a bioconversion tool. The EntoGreen technology uses the Black Soldier Fly as a biodigester and this new unit will annually convert 36,000 tons of vegetable by-products into 2,500 tons of protein, 500 tons of insect oil for animal feed and 7,000 tons of organic fertilizer for the soils, giving back to plants and animals nutrients that today are wasted.
The investment, now won, will also support the company in its overall R&D plan which encompasses an estimated investment of €5 million between 2021 and 2026 for new research projects that focus on creating new solutions for environmental sustainability.
Direct
Reuse of waste and promotion of circularity: EntoGreen will use 36,000 tonnes of vegetable waste from agri-food processing industries annually to produce 7,000 tonnes of organic fertilizer, 2.5,000 tonnes of protein concentrate, and 500 tonnes of insect food oil. The by-products of the agro-food industry and their waste are a logistical, environmental and economic problem for companies in the industry, and EntoGreen's solution enables a sustainable reuse of the waste and its nutrients in a circular economy perspective.
Environmentally responsible process: the process of obtaining EntoGreen products from agri-food waste is based on biotechnology and consists of a clean process that does not generate waste and does not emit fumes or odours.
Contribution to more sustainable animal feed: protein concentrate and insect oil are products used in animal feed (so far in aquaculture and pet food), which allows the feed to be sustainable, due to the process of obtaining the products with a much lower carbon footprint than traditional solutions for obtaining protein.
Contribution to sustainable plant fertilisation: the organic fertiliser produced by EntoGreen, due to its process of obtaining it from waste and using insects, is biological and can be used in productions with this certification. This process presents a much smaller carbon footprint than the solutions for obtaining traditional fertilisers. It also contributes to the reduction of the use of chemical fertilisers that are potentially harmful to human health.
Job creation: with the expansion of the R&D unit and the implementation of the first industrial unit, EntoGreen expects to create 66 jobs. In total, 40% of the company's human resources will be highly qualified.
Indirect
Promotion of innovation and research: the investment in research in the development of innovative solutions for cleaner and more sustainable agriculture and animal feed. The association with its industrial units also allows for the transfer of knowledge and technology in the future.
Promoting the innovative sector economy: EntoGreen's R&D unit has the potential to leverage collaboration with other companies in the insect sector, which is nascent and has great potential for innovation and valorisation. These collaborative relationships can highlight Portugal in the industry of using insects as a scalable sustainable solution.
Promotion of climate action: through the reduction of the CO2 footprint of animal food production and cleaner alternatives to fertilization, Entogreen contributes to climate change action.
Direct
Reuse of waste and promotion of circularity: EntoGreen will use 36,000 tonnes of vegetable waste from agri-food processing industries annually to produce 7,000 tonnes of organic fertilizer, 2.5,000 tonnes of protein concentrate, and 500 tonnes of insect food oil. The by-products of the agro-food industry and their waste are a logistical, environmental and economic problem for companies in the industry, and EntoGreen's solution enables a sustainable reuse of the waste and its nutrients in a circular economy perspective.
Environmentally responsible process: the process of obtaining EntoGreen products from agri-food waste is based on biotechnology and consists of a clean process that does not generate waste and does not emit fumes or odours.
Contribution to more sustainable animal feed: protein concentrate and insect oil are products used in animal feed (so far in aquaculture and pet food), which allows the feed to be sustainable, due to the process of obtaining the products with a much lower carbon footprint than traditional solutions for obtaining protein.
Contribution to sustainable plant fertilisation: the organic fertiliser produced by EntoGreen, due to its process of obtaining it from waste and using insects, is biological and can be used in productions with this certification. This process presents a much smaller carbon footprint than the solutions for obtaining traditional fertilisers. It also contributes to the reduction of the use of chemical fertilisers that are potentially harmful to human health.
Job creation: with the expansion of the R&D unit and the implementation of the first industrial unit, EntoGreen expects to create 66 jobs. In total, 40% of the company's human resources will be highly qualified.
Indirect
Promotion of innovation and research: the investment in research in the development of innovative solutions for cleaner and more sustainable agriculture and animal feed. The association with its industrial units also allows for the transfer of knowledge and technology in the future.
Promoting the innovative sector economy: EntoGreen's R&D unit has the potential to leverage collaboration with other companies in the insect sector, which is nascent and has great potential for innovation and valorisation. These collaborative relationships can highlight Portugal in the industry of using insects as a scalable sustainable solution.
Promotion of climate action: through the reduction of the CO2 footprint of animal food production and cleaner alternatives to fertilization, Entogreen contributes to climate change action.
Promoter website
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.
0%
9000000
Minimum
9000000
Target
9000000
Maximum
Closed
investment opportunities you may like
diversified strategy Set your criteria once, and auto-invest will handle the rest. It matches your balance to new loan opportunities as they open, spreads it across projects automatically, and reinvests repayments as they come in. A consistent, diversified approach, without the manual effort.
Raise capital from a community of impact-focused investors.
Track projects, manage investments, and follow your returns.
.webp)
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)