[Funding alert] Protix Secures €37Million Loan from The European Investment Bank
Feb 2, 2024 | By Startup Rise EU
![Protix Secures €37million loan from The european investment bank. The company plans to build a new production facility in Poland in order to expand its efforts to produce sustainable proteins.](https://startuprise.co.uk/wp-content/uploads/2024/02/Protix-Secures-E37Mllion-Loan-from-The-European-Investment-Bank.webp)
Protix Secures €37million loan from The european investment bank. The company plans to build a new production facility in Poland in order to expand its efforts to produce sustainable proteins.
Protix is actively looking into a number of Polish locations. Protix is a company that produces sustainable protein for pet food and animal feed.
Read also - Krakow-based edrone Secures €4.6 Million in Funding
Consumers use these lipids and proteins as premium components in pet food and animal feed. Since its founding in 2009, the business has created scalable technologies that allow for the optimization of the supply chain, including the reduction and recycling of waste and residues, as well as the effective use of resources.
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Since 2019, Protix has been manufacturing insect compounds at its fully operational, industrial-scale facility in the Netherlands.
Read also - Amsterdam-based DataSnipper Secures $100Million in Series B Round Funding
About Protix
Protix, Insects are their answer, drawn from the natural world. They can lessen the footprint of their food chain by utilizing the black soldier fly's amazing capacity to convert organic waste into high-quality proteins. They are able to sustainably supply the globe with much-needed nutrients by combining sophisticated tech with the power of nature.
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