Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Flying Spark raised investment from Thai Union to increase insect protein production.

Thai Union Group Invests in Alternative Protein Startup, Flying Spark

  (THAILAND, 10/23/2019)
Flying Spark Ltd., a FoodTech startup, and Thai Union Group PCL, one of the world's largest seafood producers, headquartered in Thailand, are leveraging their expertise and capabilities to develop an important entry in the alternative protein market. Thai Union will also invest in Flying Spark, enabling the startup to move ahead with its insect growing and processing capabilities in Thailand and dedicate efforts towards cost reduction and process improvements.
A protein powder, full of nutritional goodness.

The Flying Spark and Thai Union announcement includes both a strategic partnership and investment to promote larval insect protein as a highly sustainable, highly nutritious contender in the alternative protein market.

This collaboration joins Thai Union's production capabilities and global reach with Flying Spark's innovative technology in creating an affordable protein offering to fulfill the worldwide growing need for cheap, sustainable, high-quality protein.

Thai Union recently announced the foundation of a venture fund with an initial commitment of US$ 30 million for investments in innovative companies that are developing breakthrough technologies in food-tech. The fund will focus on three strategic areas: alternative protein, functional nutrition and value chain technology. As a first investment, Thai Union announced an investment into Flying Spark.

Eran Gronich.

"We are excited to collaborate with this leading multinational seafood company," expressed Eran Gronich, CEO and founder of Flying Spark. "Thai Union and Flying Spark see eye-to-eye on the need for future alternative protein products to offer high-value protein while minimizing the ecological footprint. This marks a significant step forward in bringing insect protein into the food industry mainstream."

Flying Spark uses larvae from Ceratitis Capitata, that in nature feed on fresh fruits. The larvae have a lifespan of only seven days yet multiply their body mass 250 times in that period.

Flying Spark's technology enables easy and low cost cultivation and processing, with nearly zero waste, as all parts of the larvae are used. This gives Flying Spark an edge over conventional protein sources — not only those from meat and plants but also over other insects, such as crickets and grasshoppers.

Thiraphong Chansiri.

"Over the last years, Thai Union has made significant investments to become a leader in seafood innovation and sustainability," said Thai Union CEO Thiraphong Chansiri.

"As we move into the coming decade, we will increasingly cooperate with innovative start-ups in strategically interesting areas. This will complement our own activities as we are broadening our business beyond our traditional core," Mr. Chansiri added.

About Flying Spark

Flying Spark Ltd. is producing 70% protein powder that is extremely rich in iron, calcium, magnesium, dietary fibers, and is an excellent source of amino acids. Its white color and mild taste and aroma enables easy incorporation of the protein into a variety of food and feed products.

Flying SpArk produces a high-quality protein powder from fruit fly larvae for human consumption as a healthier and sustainable alternative to animal protein.

The protein production process is highly sustainable; Flying Sparks' technology requires very little water and land, creates no methane emissions, and does not use hormones or antibiotics. The startup received its seed investment, and is supported by, the Israeli FoodTech incubator "The Kitchen Hub", a part of the Strauss Group Ltd., the second largest food producer in Israel.

About Thai Union

Thai Union Group PCL is the world's seafood leader bringing high quality, healthy, tasty and innovative seafood products to customers across the world for more than 40 years.

Today, Thai Union is regarded as the world's largest producer of shelf-stable tuna products with annual sales exceeding THB 133.3 billion (US$ 4.1 billion) and a global workforce of over 47,000 people who are dedicated to pioneering sustainable, innovative seafood products.

The company's global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, and Rügen Fisch and Thai-leading brands SEALECT, Fisho, Qfresh, Monori, Bellotta and Marvo.

As a company committed to innovation and globally responsible behavior, Thai Union is proud to be a member of the United Nations Global Compact, and a founding member of the International Seafood Sustainability Foundation (ISSF). In 2015, Thai Union introduced its SeaChange® sustainability strategy.  Thai Union's on-going work on sustainability issues was recognized in 2018 and 2019 by being ranked number one in the world in the Food Products Industry in the Dow Jones Sustainability Index, achieving a 100th percentile ranking for total sustainability score. Thai Union has now been named to the DJSI for six consecutive years. Thai Union was also named to the FTSE4Good Emerging Index for the third straight year in 2018. 

Source: Flying Spark

editorial@fis.com
www.fis.com


Information of the company:
Address: 72/1 Moo 7, Sethakit 1 Road, Tambon Tarsrai
City: Amphur Muangsamutsakorn
State/ZIP: Samutsakorn (74000)
Country: Thailand
Phone: +66 2 298 0024
Fax: +66 2 298 0548
E-Mail: contact@thaiunion.co.th
More about:


Location:


Approval / Accreditation / Certified / Oversight by...
IFS (International Food Standard)  Dolphin Safe  HACCP  ISO   MSC/Marine Stewardship Council  UKAS  E.U.  USDA/USDC & FDA 
RF (Russia)  BRC (British Retail Consortium)  BVQi 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Schmidt Ocean Institute Maps One Million Square Kilometers of Seafloor and Joins Monumental Mapping Initiative
Kraken to Supply Thrusters to Leader in Robotic Net Cleaners for the Aquaculture Industry
Geeks Without Frontiers Awarded for Developing Connectivity Solutions that Champion Human Rights and Prevent Illegal Fishing
Duke Moscrip Announces the Launch of the Duke's Sustainable Solutions Foundation
Western Australia Octopus Earns the Blue Fish Tick for Sustainability
All Natural Sustainable Canned Seafood
Pacifico True Striped Bass® Now Certified By The American Heart Association
Rianxeira Launches New Line of Sustainable Canned Tuna
HiSea Project to Launch the First Prototype of a High-Resolution System Providing Data on Sea Water Quality
Fishing Companies Donate Millions to New Kongsberg Fishery Simulator in Greenland
Australian Seafood Companies Make a Splash in Silicon Valley
Wilbur-Ellis Nutrition Acquires Assets of Rangen, Inc.
Over Half of UK Consumers Want to Eat More Seafood
Natural Shrimp, Inc. Receives First USD 1,000,000 in Subscriptions
Supporting Women into Aquaculture
Greenhead Lobster Partners with Hiperbaric to Expand Lobster Processing Business
ORIVO has Entered a Strategic Collaboration with the World Class DNA Laboratory PatoGen
Captain D's Tackles Expansion Across Two Regions With Multi-Unit Franchisees
Eating Fish: What You Should Know This National Seafood Month
Thai Union Group Invests in Alternative Protein Startup, Flying Spark
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Weekly movements of fishmeal and fish oil (Norway, China, Peru) W49
Worldwide Fish meal  Norway Through week 48, 624,494 tonnes of fish were destined for reduction at an average price of NOK 2.95 /kg, down 13% on those destined for such purpose during the same period in ...
This is how Wikipedia sums up the 'Fishrot Files' scandal
Namibia Fishrot Files On 12 November 2019, WikiLeaks began publishing what it called the Fishrot Files (Icelandic: Samherjaskjölin), a collection of thousands of documents and email communication by emp...
The scandal | Anatomy of a Bribe | Al Jazeera Investigations (video)
Namibia Al Jazeera’s Investigative Unit secretly films officials in Namibia demanding cash in exchange for political favours. It’s a story of how foreign companies plunder Africa’s natural ...
Namsov lobbied to get fishing quota donated to Angola
Namibia Namsov Fishing lobbied to buy the fishing quota that Namibia donated to Angola – aimed at benefiting Namibians and Angolans – to avert job losses. Namsov says it went as far as writing ...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim Ltd (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER