A commercial court has pronounced the judicial liquidation of French insect agriculture pioneer Ÿnsect following a hearing held earlier this week. The company, once seen as the poster-child for protein production via insect farming, now “calls for the acquisition of assets to continue its mission,” according to an official statement.
Timeline:
Ÿnsect made a name for itself with an industrial-scale mealworm farming operation producing protein for animal feed, pet food, and fertilizer. It’s last few years have been dotted with struggles:
- In 2023 the company conducted layoffs as part of a wider strategy shift away from feed to the higher-value pet food sector.
- Despite raising more than $500 million, the company…