EnviroFlight's scalable approach utilizing BSF larvae opens the door to a plentiful source of high quality nutrients for the aquaculture industry. Notably, within the fish market, BSF larvae may be more representative of the typical diet of these natural insectivores than soymeal and other plant-based meal regimens. Additionally fishmeal and fish oil are multi-billion dollar products critical to aquaculture's continued growth, yet demand is outpacing the fairly inflexible supply for these valuable feeds whose manufacture are heavily dependent on wild-caught fish. In addition to reducing the depletion of marine ecosystems and decreasing dependence on non-sustainable protein sources, EnviroFlight's approach utilizing BSF larvae offers significant potential to convert food surpluses into valuable proteins and fats to help meet the growing demands for aquaculture feed.
Glen Courtright, President and Founder of EnviroFlight, who accepted the award and a prize of €10 thousand today at the AquaVision 2016 Conference, stated, "With over 9 billion people expected on the planet by 2050, environmentally responsible aquaculture solutions that drive improvements in the global food supply chain are necessary. EnviroFlight technology holds significant promise to realize the substantial potential of insect bioconversion to help meet this need."
EnviroFlight, LLC, a joint venture between Intrexon Corporation (NYSE: XON) and Darling Ingredients Inc. (NYSE: DAR), is a leader in sustainable animal and plant nutrition aiming to drive transformative change in the global food supply. EnviroFlight's mission is to develop sustainable animal and plant nutrients using regionally available, low-value materials, emphasizing: production of nutrients in a socially responsible way; eliminating toxins, hormones, and antibiotics from our food supply; and reducing the environmental and financial costs to our food supply.
Safe Harbor Statement
Some of the statements made in this press release are forward-looking statements. These forward-looking statements are based upon our current expectations and projections about future events and generally relate to our plans, objectives and expectations for the development of our business. Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this press release.
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SOURCE EnviroFlight, LLC