Insect-based feed ingredient producer teams up with shrimp tech supplier
Partnership expected to create new revenue streams for both companies
Full Circle Biotechnology, which makes an insect-based feed additive, has announced a partnership with Thailand aquaculture technology start-up HydroNeo.
The partnership will see Full Circle provide HydroNeo with its shrimp feed additive to generate new revenue streams and provide an alternative high protein, low carbon feed to the aqua industry.
Full Circle Biotechnology, which has venture capital backing from Norwegian impact accelerator Katapult, uses agricultural waste that is upcycled with microbes and mixed with black soldier fly (BSF) larvae before being processed further. It says its proprietary, patent-pending process means that every 100kg of substrate (waste) used generates 24kg of product, almost 10 times more than most traditional BSF yields of 2.5kg.
It says the system offers animal farmers the chance to cut both emissions and cost, without compromising on feed quality as well as providing an alternative to soymeal, fishmeal and other carbon-intensive feeds that are damaging to the environment.
HydroNeo specialises in the shrimp industry, offering farmers an IoT (Internet of Things) system designed to continuously monitor water quality parameters, including DO (dissolved oxygen), pH, and more. The system provides real-time data and sends alerts through smartphone apps to notify users of any adverse conditions. Additionally, it incorporates advanced automation features aimed at reducing energy consumption.
“We are thrilled to be partnering with HydroNeo, to provide them with our unique aquafeed,” said Felix Collins, the British founder and managing director of Thailand-based Full Circle Biotechnology.
“This partnership not only generates a new revenue stream for both companies but enables each to further innovate, as well as share industry insights and technical knowledge, leading us closer to our goal of reshaping the industry for the better.”
“Shrimp can be among the healthiest and most sustainable protein sources,” said Fabian Reusch, founder and managing director of HydroNeo. “Being a farm technology provider with strong and trustful relationships with our customers, we are excited to introduce Full Circle Biotechnology’s innovative and sustainable feed products to them. Together, we can further increase the farm’s profitability while at the same time also animal welfare and sustainability.”
