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WELS, AUSTRIA - Frozen potato specialist 11er Nahrungsmittel GmbH has signed a non-binding letter of intent with REPLOID Group AG to explore potential cooperation in recycling potato peels using insect larvae, according to a press release issued Monday.
The companies will examine the feasibility of implementing a joint insect farming facility in Vorarlberg, Austria. The proposed facility would focus on utilizing food waste, particularly potato peelings, and distributing insect-derived raw materials regionally, with emphasis on producing organic soil improver for local agriculture and potato cultivation.
11er Nahrungsmittel, which specializes in potato products such as French fries, croquettes, and rösti for both retail and catering sectors, has also become a shareholder in REPLOID Group AG, though the size of the investment was not disclosed.
The 11er Group has been promoting innovative recycling initiatives for years, according to the statement.
REPLOID Group AG is listed on the Vienna Stock Exchange (Direct Market Plus) under the ticker AT0000A3HRX5.
The announcement was made as a mandatory disclosure of inside information pursuant to European Market Abuse Regulation requirements.
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