Based in India, Loopworm produces protein from silkworms for a variety of uses including aquaculture feed.
Photo: Loopworm
Bangalore, India-based insect biotech company Loopworm has announced that a Life Cycle Assessment conducted by PwC India has found its silkworm-based feed ingredients to be "carbon negative".
According to the company, the assessment found that producing 1kg of Loopworm feed ingredients removes 2.56kg of CO₂ equivalent on a "cradle-to-gate" basis. The LCA evaluated the company’s LoopMeal and LoopOil products across 18 environmental impact categories, and was carried out in accordance with ISO 14040 and ISO 14044 standards.
Loopworm said the findings support its position that insect-derived ingredients can offer a lower-impact alternative to conventional plant and marine feed ingredients.
"For years, sustainability in the feed industry meant doing less damage. At Loopworm, we've always believed the bar could be higher," the company said, announcing the news via LinkedIn.
The Bengaluru-based company produces insect-based protein and oil ingredients for animal nutrition, including aquaculture, poultry and pet food markets.
Last September, Loopworm received approval from India's Coastal Aquaculture Authority (CAA) approval, allowing its insect-derived products to be used directly as additives, attractants, and palatants in aquaculture feed and health supplements.
At the time, the company also said it had begun exporting "multiple commercial consignments" of its insect protein powder to one of the world’s largest salmon feed producers.
Loopworm previously announced it had raised USD 3.25 million in a Pre-Series A round led by WaterBridge Ventures and Enrission India Capital in support of its ongoing commercialisation and research into sustainable protein solutions.