Ÿnsect closed its recent series C funding round with $372 million from global investors, which will contribute to the completion of its vertical farm and processing facility and expansion into North America.
The new Pet Food Experience (PEX) Center will house the latest process technologies, testing capabilities and educational workshops to share R&D skills and knowledge with pet food and treat processors.
Amy Patterson has joined the company as general manager of Petsource, and Eric Perry has been named general manager of feed co-products, among several other new appointments.
The company partnered with Amcor to develop a 100% recyclable wet pet food pouch to withstand heating and sanitizing during processing and offer a sustainable option for pet owners.
Market research firm Packaged Facts breaks down global pet food sales, with the United States leading the charge with an estimated $59 billion by the end of 2020.
The company has partnered with leaders from Tyson, the Joint Institute for Food Safety and Applied Nutrition, and Colorado State University to host a Meat Analysis Webinar Symposium on Tuesday, Oct. 6.