# Feedinfo - Weekly Animal Nutrition Industry Summary - Tyson Foods and Protix Join Forces, FarmInsect Secures €8 Million, and More Exciting Developments

> Tyson Foods has formed a joint venture with Netherlands-based Protix to build an insect ingredient plant in the continental US, with operations expected to ramp up by the end of 2025. Munich-based FarmInsect received €8 million in Series A funding for R&D and a new production facility, and Scotland's Beta Bugs secured about €2 million to scale black soldier fly production.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33967-feedinfo-weekly-animal-nutrition-industry-summary-tyson-foods-and-protix-join
- Commodities: [Lysine](https://feedsoft.ai/c/LYSINE.md)

## Why it matters

These investments expand alternative protein capacity for feed, which could gradually reduce long-term demand for fishmeal and soymeal, but the plants are not yet operating and their near-term price effect is negligible.

## Sources

- feedinfo.com: https://www.feedinfo.com/our-content/weekly-animal-nutrition-industry-summary-tyson-foods-and-protix-join-forces-farminsect-secures-8-million-and-more-exciting-developments/358151

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.