DAVIS, Calif. and IRVING,
Texas and YELLOW SPRINGS, Ohio, May 10, 2017 /PRNewswire/ -- Intrexon Corporation
(NYSE: XON), a leader in the engineering and industrialization of
biology to improve the quality of life and health of the planet,
and Darling Ingredients Inc. (NYSE: DAR), the world's largest
publicly-traded developer and producer of sustainable natural
ingredients from bio-nutrients, today announced their joint venture
EnviroFlight, LLC plans to significantly expand production of
advanced ingredients for sustainable feed and nutrition derived
from black soldier fly (BSF) larvae through the largest
commercial-scale BSF larvae production facility in the United States.
Construction of the new plant employing EnviroFlight's modular
and scalable system will begin in May, supporting development of
sustainable high-nutrition BSF ingredients for the $60 billion global animal feed industry.
Initial production capacity is expected in the first quarter
of 2018, and will be targeted toward supplying livestock,
aquaculture, and pet food markets.
"Leveraging more than eight years of applied research and
development, the new facility will employ our industrial BSF
platform and opens the door to a sustainable source of high quality
nutrients for the aquaculture, livestock, and specialty pet feed
industries," said Glen Courtright,
President and Founder of EnviroFlight.
Randall Stuewe, Chairman and
Chief Executive Officer of Darling Ingredients stated,
"EnviroFlight's BSF larvae represent an innovative approach to
address challenges within the global food supply chain by providing
environmentally friendly, nutritious ingredients for animal
feed. This new facility will allow us to produce BSF at
commercial volume and sets the foundation for potential future
global expansion."
EnviroFlight's insect-based approach offers significant
potential to convert nutrients from abundant food surpluses and
renewable energy co-products into valuable proteins, oils, and
fertilizers. Additionally from an ecological perspective it
also allows for decreasing dependence on non-sustainable protein
sources for animal feed. Within the fish and poultry markets,
BSF larvae also represent a more typical diet for these natural
insectivores as compared to soy and other plant-based meals, making
them an ideal candidate for nutritive feed ingredients.
John McLean, Chief Commercial
Officer of Intrexon's Food Sector added, "EnviroFlight's
proprietary technologies for high quality insect protein production
can help meet the growing demand for sustainable, eco-friendly,
protein-rich ingredients; particularly in aquaculture where
fishmeal is largely reliant on wild caught fish. As we
continue to advance our BSF larvae rearing and bioconversion
technology, we look forward to forging a new frontier in protein
supply and feed sustainability."
About Intrexon Corporation
Intrexon Corporation (NYSE: XON) is Powering the Bioindustrial
Revolution with Better DNA™ to create biologically-based
products that improve the quality of life and the health of the
planet. The Company's integrated technology suite provides
its partners across diverse markets with industrial-scale design
and development of complex biological systems delivering
unprecedented control, quality, function, and performance of living
cells. We call our synthetic biology approach Better
DNA®, and we invite you to discover more at www.dna.com
or follow us on Twitter at @Intrexon, on Facebook, and
LinkedIn.
About Darling
Darling Ingredients Inc. is the world's largest publicly-traded
developer and producer of sustainable natural ingredients from
edible and inedible bio-nutrients, creating a wide range of
ingredients and customized specialty solutions for customers in the
pharmaceutical, food, pet food, feed, technical, fuel, bioenergy
and fertilizer industries. With operations on five
continents, the Company collects and transforms all aspects of
animal by-product streams into useable and specialty ingredients,
such as gelatin, edible fats, feed-grade fats, animal proteins and
meals, plasma, pet food ingredients, organic fertilizers, yellow
grease, fuel feedstocks, green energy, natural casings and
hides. The Company also recovers and converts used cooking
oil and commercial bakery residuals into valuable feed and fuel
ingredients. In addition, the Company provides grease trap
services to food service establishments, environmental services to
food processors and sells restaurant cooking oil delivery and
collection equipment. For additional information, visit the
Company's website at http://www.darlingii.com.
About EnviroFlight
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.
For more information contact:
Intrexon
Corporation:
Corporate Contact: Marie Rossi, Ph.D.
Director, Technical Communications
Tel: +1 (301) 556-9850
Email: publicrelations@intrexon.com
|
Darling
Ingredients: Melissa A. Gaither
VP Investor Relations and Global Communications
Tel: +1 (972) 717-0300
Email: mgaither@darlingii.com
|
Investor
Contact: Christopher Basta
Vice President, Investor Relations
Tel: +1 (561) 410-7052
Email: investors@intrexon.com
|
EnviroFlight:
Marianne
Shetler
Manager, Media
Relations
Tel: +1 (937) 767-1988
Email: mshetler@enviroflight.net
|
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SOURCE Intrexon Corporation; Darling Ingredients, Inc.