PROJECT

Projects

Summary of Collaboration or Co-Development Project

Project Number

46903

Date SCCP Disclosed

Apr 7, 2023

Country

Viet Nam

Region

East Asia and the Pacific

Last Updated Date

Apr 13, 2023

Industry

Agribusiness and Forestry

Sector

Other Animal Production

Department

CM4UP - Regional Industry - MAS Asia & Pac/Upstream - MAS Asia & Pacific

Project Description

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.

                                                   

E & S Information

Please refer to the Environmental and Social Review Summary (ESRS) linked to this project in the IFC's project disclosure website.