SAN FRANCISCO--(BUSINESS WIRE)--
It was recently announced that a whole algae ingredient with an extra
high marine omega-3 content was being tested for use in fish feed. This
algae ingredient secures greater access for aquaculture to essential
marine omega-3 fatty acids. The BioMar Group is now launching a fish
feed containing marine fatty acids from microalgae.
Easing the pressure on marine resources
Essential fatty acids extracted from microalgae are now available for
the first time in significant quantities, from a sustainable source that
is not based on marine harvesting. The importance of aquaculture in
meeting global food needs is increasing and this expansion of the
industry is driving demand for omega-3. Over time, the algae ingredient
will ease the pressure on marine resources and help ensure that the
availability of omega-3 will no longer restrict development. The new
algae ingredient now being delivered to BioMar has been developed by
TerraVia Holdings (NASDAQ:TVIA) ("TerraVia") and Bunge Limited (NYSE:BG)
("Bunge") and is produced at their joint venture renewable oils
manufacturing plant in Brazil.
A game changer
The launch of feed containing microalgae offers the industry new
opportunities for sustainable development. Annual production of fish oil
rich in omega-3 is less than one million tonnes. The global supply of
omega-3 sourced from fisheries is not expected to increase. The BioMar
Group therefore regards the algae ingredient as a game changer that will
be of vital importance to the future development of the fish farming
BioMar's Vice President North Sea, Jan Sverre Røsstad, explains:
"Current sustainable and certified sources of omega-3 are limited in
terms of volume, be it fish meal and oil or krill meal, which BioMar was
a prime mover in introducing into the aquaculture. We are very excited
that our collaboration with TerraVia and Bunge has put us in a position
to draw on yet another sustainable source of omega-3. Our hope is that
this move on our part can contribute to the continued growth of our
In line with new strategy
The BioMar Group recently published a new purpose statement and is
currently preparing to launch a new corporate strategy. "Our guiding
principles for the new strategy are Innovation and Sustainability, as
well as Cooperation and Performance. The collaboration with TerraVia and
Bunge goes very well in line with our new strategy as a focused
aquaculture feed supplier and it will, for sure, be an important step
for continuing the development of sustainable aquaculture worldwide,"
adds Carlos Diaz, CEO of the BioMar Group.
BioMar Group is a leading supplier of high-performance fish feed to
the global aquaculture industry.
Currently, BioMar operates 11 fish feed factories in Norway, Chile,
Denmark, Scotland, Spain, France, Greece, Turkey and Costa Rica. Roughly
one out of five farmed fish produced in Europe and South and Central
America is fed on BioMar fish feed. Worldwide, BioMar Group supplies
feed to around 80 countries and for more than 45 different fish species.
The BioMar Group is wholly owned by the Danish industrial group Schouw &
Co, which is listed on the Copenhagen Stock Exchange.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160531005572/en/
Jan Sverre Røsstad, +47 908 81 511
VP North Sea
Source: TerraVia Holdings, Inc.
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