March 11, 2017
Distribution of AlgaPrime DHA salmon feed boosted
TerraVia, Bunge Limited and BioMar Group on Wednesday, March 8, announced the expansion of their distribution agreement for AlgaPrime™ DHA--a native, whole algae specialty feed ingredient high in omega-3 DHA-making the product commercially available at scale to salmon farmers and other participants in the aquaculture industry.
Over the past six months BioMar has significantly increased deliveries of commercial feed containing AlgaPrime™ DHA to leading salmon farmers after successful joint aquaculture feed trials in 2016.
Developed to reduce dependence on marine fisheries and enhance the nutritional value of seafood, AlgaPrime™ DHA is expected to be a key feed ingredient in the future of aquaculture.
"We believe AlgaPrime™ DHA will be a significant contributor to the further development of salmon products with a desirable nutritional profile. We take pride in driving the sustainability agenda of the industry and are pleased to be the first feed producer to bring this new feed ingredient to our customers while ensuring economies of scale," said Jan Sverre Røsstad, vice president and head of Salmon Division at BioMar Group.
Graham Ellis, TerraVia senior vice president for business development, said, "AlgaPrime™ DHA offers a traceable and sustainable source of omega-3s. As an alternative to ingredients like fish oil and fishmeal that come from small oily fish, AlgaPrime™ DHA can help customers meet consumer and retailer demand for salmon with enhanced levels of omega-3s."
For his part, Miguel Oliveira, Bunge Limited vice president, global innovation, said, "Produced at the TerraVia and Bunge joint venture production facility in Brazil using renewable energy and a native algae strain, AlgaPrime™ DHA allows for responsible industry growth. We're producing it at a scale relevant to the market right now, and our expanded agreement with BioMar will help deliver on the potential of this business".
TerraVia Holdings, Inc. (NASDAQ:TVIA) is a plant-based food, nutrition and specialty ingredients company that harnesses the power of algae, the mother of all plants and earth's original superfood.
Bunge Limited (www.bunge.com, NYSE:BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees.
BioMar Group is a leading supplier of high performance feed to the global aquaculture industry.