46903
Apr 7, 2023
Viet Nam
East Asia and the Pacific
Apr 13, 2023
Agribusiness and Forestry
Other Animal Production
CM4UP - Regional Industry - MAS Asia & Pac/Upstream - MAS Asia & Pacific
The International Finance Corporation ("IFC"), a member of the World Bank Group ("WBG"), is partnering with Entobel Holding Pte Ltd. (“Entobel” or “the Company”) through an Upstream Collaboration Agreement to prove the commercial viability and cost competitiveness of insect production at an industrial scale by supporting the establishment of a 10,000 MT industrial insect feed plant in Vung Tau Province, Vietnam.
Entobel, a Singapore-based biotech company, rears the Black Soldier Fly species to produce insect protein as a feed ingredient primarily for the aquaculture industry, as a cost competitive, more sustainable replacement of fishmeal.
Please refer to the Environmental and Social Review Summary (ESRS) linked to this project in the IFC's project disclosure website.