February 21, 2020
Adisseo and Calysta establish Chinese joint venture for methane-based protein
Bluestar Adisseo Company (Adisseo) and alternative protein producer, Calysta, signed an agreement on February 20 to establish a 50/50 joint venture named Calysseo to develop FeedKind®, an innovative aquaculture feed solution, and to provide exclusive supply for Asian markets.
The strategic partnership will also see the construction, in China, of the world's first commercial FeedKind production facility, with the first phase expected to start operating in 2022, delivering 20,000 tonnes of FeedKind protein per year.
Jean-Marc Dublanc, CEO of Adisseo, said, "Adisseo is committed to strategic investments in new disruptive technologies. Our ambition is to become one of the leaders in sustainable feed ingredients and additives for aquaculture across the Asian markets.
For this reason, we have been investing significantly to develop an aqua lab station in Singapore, fully dedicated to developing innovative and sustainable feed solutions for aquaculture.
With this joint venture, we are investing further in a strategic collaboration, combining the agility of a start-up with Adisseo's expertise to enable Adisseo to become a major contributor to food safety and sustainability in Asia via innovation."
Thomas JG Huot Ph.D., chief operating officer of Calysta, said, "Adisseo is one of the world's leading feed additive companies and this exciting new partnership with Calysta marks a significant moment in the FeedKind story.
Today's announcement means we are now making the transition from a tremendously exciting idea to one that will deliver truly world-scale impact, making food supply chains more resilient, and making them far more sustainable in the process."
Through this strategic partnership, Adisseo is tackling one of the key challenges faced by the aquaculture industry – to meet growing demand for high quality seafood without adding extra pressures to the environment. The market size for aquafeed ingredients in Asia is US$28 billion, representing 70% of the world's market.
FeedKind is made using very little water and no agricultural land by fermenting natural gas, an abundant source of energy, to create a safe, nutritious, traceable and affordable protein. Produced via a natural fermentation, it is a safe, healthy, traceable and nutritional protein that is price competitive with existing sources of protein and produced to the highest quality standards.
This will also contribute to reduce pressure on wild fisheries and respond to the projected growth for aquaculture products.
The second phase of the partnership will add a further 80,000 tonnes of capacity to the site, allowing for extended market penetration leading to further development to follow customer demand.