February 19, 2019
Nutreco partners with Hendrix Genetics to deliver next gen shrimp larvaes
Nutreco has announced this month that the company, Hendrix Genetics and Ecuacultivos will invest into the establishment of a state-of-the-art shrimp hatchery at an existing site in Ecuador.
Upon its completion this year, the new hatchery will deliver Pacific whiteleg shrimp post larvae to Ecuadorian farmers.
The joint venture will upgrade an existing Macrobio hatchery in the west of the country by transforming it into an advanced production facility that develops a world-class shrimp breeding programme, Nutreco said. The most advanced genetics and breeding technologies will be used, along with nutritional solutions provided by Skretting.
The hatchery, in its current form, employs around 50 people.
According to Nutreco, the joint venture aims to increase the competitiveness of the Ecuadorian shrimp industry in a sustainable way. Ecuador's shrimp sector is set to grow at around 5-7% per year over the next seven years.
Within the country's aquaculture market, the Pacific whiteleg shrimp is the most important aquatic species produced. Production volumes skyrocketed in recent years, positioning Ecuador currently as the third largest producer after China and India.
The joint venture will be a major commercial initiative in the country, as it is expected to bring a high level of expertise to the shrimp market, Nutreco added.
Combining Nutreco's strengths with those of its co-investors will make it possible to grow healthier, higher quality shrimp to meet this rising demand.
"Our strategy for the coming years is to invest in innovative projects in the value chain that support sustainable market growth," said Nutreco CEO Rob Koremans. "We're delighted that [the] announcement will promote the sustainable growth of shrimp farming in Ecuador, a key market for our aquaculture division, Skretting."
The joint venture is in line with Skretting's drive to continue expansion into nutritional solutions for warm water aquaculture species.
Skretting Ecuador's general manager, Carlos Miranda Illingworth, said: "The combination of our nutritional knowledge combined with genetic know-how and best farm practices make this joint venture a very exciting one for the shrimp business in Ecuador. Through this partnership, we plan to produce a disease-resistant animal to keep the Ecuadorian shrimp industry antibiotic-free and with improved growth so farmers can optimise land use and produce more with less."
Skretting is currently building a new production facility in Ecuador as proof of its commitment for the country to ramp up its sustainable shrimp production.