AgriProtein Technologies has devised a solution supplying sustainable protein sources for animal feed.
The process uses flies reared on a very large scale to lay eggs on organic waste material such as food and abattoir waste. These larvae then proceed to consume the waste, are subsequently harvested and dried into Magmeal, a natural and sustainable animal feed protein for chicken and fish.
The conversion of waste materials normally sent for costly disposal to a high value renewable protein source for animal feed will reduce the reliance on unsustainable sources with negative environmental impacts such as fish.
Replacing fishmeal in animal feeds results in transformative reduction of greenhouse gas emissions that would otherwise be incurred in ocean trawling, converting of fish to meal and inland transport by road of fishmeal to producers of feed formulations.
The product, Magmeal, is estimated to emit 81% less greenhouse gas emissions per tonne than fishmeal. The climate gains are however a co-benefit compared to Magmeal’s potential to assist protection of natural fish stocks that are in rapid decline, reduce the amount of waste sent to landfill sites, and lessen the massive impact of meat consumption.
By replacing fishmeal and taking an 8.7% global market share, Magmeal has the potential to reduce emissions by 23 million tonnes of CO2 per year by 2024.
AgriProtein has raised $11m to build its first two commercial farms, each will house 8.5 billion flies - the first in a series of 40 such farms to be rolled out.
The world’s first commercial fly farm will be in Cape Town and by headcount will be the largest farming operation on the planet.
Agriprotein Technologies (Pty) Ltd is a South African based legal entity established in 2010.
The key individuals managing the African based business include successful entrepreneurs, protein specialists, scientists, engineers, marketers and finance professionals with experience from business around the world.