NextProtein LATAM invests $40 million in Mexico to recycle organic waste

29 May 20242 min reading

NextProtein LATAM will recycle 200,000 tons of organic waste from Mexico City's Central de Abasto, creating animal protein feed. This initiative involves an investment of 655 million pesos (nearly 40 million dollars) and aims to generate 400 jobs in its first year.

NextProtein LATAM, a French multinational specializing in protein production for animal feed through the rearing of larvae that consume organic waste, will invest 655 million pesos in Mexico. This significant investment will generate 400 direct jobs in the first year of operations. The company, founded by Syrine Chaalala and Mohamed Gastli in 2015, plans to build five plants across the country as part of its expansion strategy.

Partnering with the Secretaría de Desarrollo Económico de la Ciudad de México (Sedeco) and the Fideicomiso para la Construcción y Operación de la Central de Abasto (Ceda), NextProtein will recycle up to 200,000 tons of organic waste annually from the Central de Abasto. This waste includes fruits and vegetables unsuitable for human consumption, contributing to the circular economy and reducing environmental impact.

Fadlala Akabani Hneide, head of Sedeco, emphasized the significance of this investment: “NextProtein chose our country as the base for its expansion in the Americas, with an investment that is expected to reach 130 million euros in the medium term. Sedeco is supporting this process at all times.”

The Central de Abasto produced 283 tons of organic waste daily in 2022, according to the Secretaría del Medio Ambiente (Sedema). NextProtein’s initiative will help address this issue by converting waste into valuable protein feed for animals, utilizing the Black Soldier Fly.

NextProtein’s expansion in Mexico marks a crucial step in promoting sustainable and innovative business models that benefit both the environment and the economy. The company's focus on advanced technology and the production of secondary raw materials fosters productive chains and encourages environmental sustainability.

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