Inseact

PROBLEM:

Aquaculture production has overtaken wild fish catch due to increasing pressure on wild fish populations. However, aquaculture remains one of the highest CO2 emitter in the agriculture sector. Production of crops for aquaculture feeds accounted for 39 per cent of the industry’s emissions. When the emissions arising from fishmeal production, feed blending and transport are added, feed production accounts for 57 per cent of emissions.

SOLUTION:

INSEACT farms black soldier fly larvae (BSFL) fed with palm oil waste to produce insect protein for aqua feed. INSEACT’s insect protein in the diet of shrimp dramatically improves their feed conversion rate (FCR), by 30 per cent. Mortality rate, from common diseases such as white spot syndrome, argulosis and early mortality syndrome also decrease by 50 per cent.

IMPACT THESIS

ADB Ventures SEED grant supports the acquisition of additional customers, the production of additional insect protein, and a feasibility study for the production of at least 1000 tonnes of insect protein.

ABOUT

INSEACT is a Singapore‑based company that aims to reduce reliance on ocean‑sourced aquaculture feed by processing palm oil waste as feed to insects that are then used as premium ingredients for aquaculture.

Target Impact:

Climate Mitigation 

Provider of high‑quality insect protein by growing black solider fly larvae fed with palm oil by‑products for aqua feed.