Dutch insect farming startup Protix secures €37M from EIB to build sustainable protein production plant

Netherlands-based Protix, an insect farming startup working towards bringing the food system back in balance with nature, announced that it has secured €37M in loan from the European Investment Bank (EIB). Focused on creating low-footprint solutions, Protix utilises food industry waste to feed insects, which are then processed into valuable nutrients like proteins and lipids. With a fully operational plant in the Netherlands since 2019, Protix emphasises measured growth and strategic partnerships to unlock the global potential of insect ingredients. In October 2023, Tyson Foods partnered with Protix in an undisclosed investment deal to advance the insect ingredient industry, fostering sustainable proteins. This support reinforces the fact that our industry is not just here to stay but is poised for significant growth.” “Following our expansion to the US and now our ability to do the same in Poland, we are excited to accelerate our mission to bring the food system back in balance with nature.” “The confidence expressed by the EIB underscores our proven ability to execute, marking another significant stride in our journey as game-changers in the protein industry,” adds De Proft.