By Karl Plume (Reuters) – French biotech company InnovaFeed has signed a deal with U.S. grains merchant Archer-Daniels-Midland Co to supply insect protein to ADM’s pet food division, InnovaFeed announced on Wednesday. InnovaFeed is beginning construction on a large insect farming plant later this year adjacent to ADM’s Decatur, Illinois, corn processing facility, which will supply feed for the insects as well as waste heat and water. The plant is slated to produce feed ingredients from black soldier flies and fertilizer from their waste. InnovaFeed said it expects to open a research and develo…