Monday, July 15, 2024

Tyson announces partnership with Protix on insect ingredients

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SPRINGDALE, Ark. — Tyson Foods Inc. has reached an agreement for a two-fold investment with Protix, a leading global insect ingredients company. The strategic investment will support the growth of the emerging insect ingredient industry and expand the use of insect ingredient solutions to create more efficient sustainable proteins and lipids for use in the global food system.

The agreement combines Tyson Foods’ global scale, experience and network with Protix’s technology and market leadership to meet current market demand and scale production of insect ingredients, the companies said.

Through a direct equity investment, Tyson Foods will acquire a minority. . .

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