An Irish insect farming company has made it onto the Mission Innovation 100 Global High Impact Solutions list of innovators selected for having a climate mitigation potential of over 10 megatons, or having strategic importance for limiting global warming to 1.5 degrees Centigrade.
Hexafly, based in Co Meath, has made the list for its insect-based protein for aqua feed project.
The 100 high-impact climate solutions were presented in Vancouver, Canada, at the end of May, to representatives of the 24 Mission Innovation (MI) member states, the European Commission, and high profile MI members such as the World Economic Forum, the Bill Gates Breakthrough Energy Ventures, and the World Bank.
Hexafly predicts that the exponential increase in demand for fish food will far exceed supply in the next few years, due to declining wild fish stocks, stricter fishing quotas, and an increase in material costs.
The Co Meath company aims to intervene by bringing an insect farming revolution to the world and finding smart ways to feed the planet.
Hexafly are developing new material sources for the aqua feed, chitin, and plant nutrition industries, from sustainable insect farming (chitin is a high-value bio-polymer with many uses in medicine, cosmetics, and as a food additive).
Hexafly also produces a natural plant nutrition compound with a claimed auto-immune boost to plants.
Mission Innovation was launched in 2015 at the Paris Climate Conference, where world leaders came together and committed to the ambitious targets set out in the Paris Agreement.
Its member states represent 60% of the world’s population, 70% of global GDP, and 80% of government investment in clean energy research.