{"id":1915722,"date":"2023-04-16T23:56:19","date_gmt":"2023-04-17T03:56:19","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/frances-ynsect-to-refocus-bug-business-after-capital-increase\/"},"modified":"2023-04-16T23:57:11","modified_gmt":"2023-04-17T03:57:11","slug":"frances-ynsect-to-refocus-bug-business-after-capital-increase","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/frances-ynsect-to-refocus-bug-business-after-capital-increase\/","title":{"rendered":"France\u2019s Ynsect to refocus bug business after capital increase"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffrances-ynsect-to-refocus-bug-business-after-capital-increase%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1915722&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>Sybille de La Hamaide<\/p>\n<p>After raising 160 million dollars($ 177 million ) from people, French insect-based formula producer Ynsect will refocus its strategy on high-margin businesses like animal food, close a manufacturing facility, and lay off employees, according to its chief executive.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\"><script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); }); <\/script><\/div>\n<\/p>\n<p>According to Antoine Hubert, who is negotiating for additional funding, the company will use the proceeds to expand its largest lateral insect farm in the world, Amiens, in northern France, as well as for different projects.<\/p>\n<p>Mealworms and other farmed insects are ground down to make proteins for use in fishing, animal, pet food, fertilizers, and human nourishment. Because they use less water and land than crops and produce fewer greenhouse chemicals, they are regarded as more environmentally friendly enzymes.<\/p>\n<p>However, the concept is pricey, making the food significantly more expensive than its plant-based options.<\/p>\n<p>Hubert said, referring to animal food, individual nutrition, and fertilizers,&#8221; We cannot afford to invest a lot of resources in markets that are the least remunerative( animal feed ), while you have other businesses where there is much demand, good yields and higher profits.&#8221;<\/p>\n<p>While continuing its study, Ynsect will shut down its French production facility, which was acquired by Protifarm in 2021 and produces a different kind of bug. 35 jobs may be eliminated as a result.<\/p>\n<p>Out of a total of around 360 employees, the company will also eliminate 38 work in France, according to Hubert.<\/p>\n<p>Ynsect has signed business contracts for 180 million euros over three years and is in talks for an additional 1 billion euros, of which more than half is for pet food, according to the company, which announced agreements in December to develop mosquito item production facilities in the United States and Mexico.<\/p>\n<p>In its most recent round of fund-raising in 2020, Ynsect raised more than 315 million dollars, of which 175 million were used as capital and the remaining funds went toward debt and incentives.<\/p>\n<p>( 1 x 0. 9051 euros )<\/p>\n<\/p>\n<p>( Editing by Sharon Singleton, reporting by Sybille de La Hamaide )<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/frances-ynsect-to-refocus\/attachment\/file-photo-french-start-up-ynsect-plans-to-build-worlds-biggest\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/frances-ynsect-to-refocus\/attachment\/file-photo-french-start-up-ynsect-plans-to-build-worlds-biggest-2\/\"><\/a><\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>This week has seen a lot of significant stories in the U.S. and elsewhere. OAN NewsroomUPDATED 7: 19 Do &#8211; Saturday, April 15, 2023.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>For the first time since her departure, Minnesota child Maddi Kingsbury&#8217;s&#8217;s member breaks his solitude. Madison Colbern of One America has more.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The Pentagon Leak protection is the most recent instance of cherry-picked news. Tom McGrath of One America examines a blatant double standard in the press.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The DOJ soon tries to stop the Fentanyl Crisis after charging the Pentagon Leaker. The future of the pregnancy medication Mifepristone is still up in the air.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>( Reuters )- Apple Inc. &#8216; s TV platform was restored following a brief outage that affected thousands of users in the United States.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>BERLIN ( Reuters)- Minister Nancy of the German Interior Ministry is inspecting every Chinese component that has already been added to the nation&#8217;s&#8217;s 5G network.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>SAIC Motor and other automakers will be urged to actively take part in the choice of automotive chips by BEIJING( Reuters )- Shanghai.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>By Sheila Dang( Reuters )- Montana legislators passed a bill on Friday outlawing the use of the well-known short-form video game TikTok.<\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sybille de La Hamaide PARIS (Reuters) \u2013 French insect-based ingredients maker Ynsect will refocus its strategy on high-margin markets like pet food, shut a production plant and cut jobs after raising 160 million euros ($177 million) from investors, its chief executive said. The company, which is in talks for additional funding, will use the<\/p>\n","protected":false},"author":66,"featured_media":1915723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[24509,4284,9554,23869,5476,11209,24508],"class_list":["post-1915722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-bug","tag-business","tag-capital","tag-frances","tag-increase","tag-refocus","tag-ynsect"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1915722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1915722"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1915722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1915723"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1915722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1915722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1915722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}