July 1, 2020
Adisseo joint venture begins setting up new FeedKind® plant in Chongqing, China
Calysseo -- a joint venture between Adisseo and Calysta -- has started the establishment of a new commercial-scale plant in Chongqing's Changshou District, China.
The site will support the production of FeedKind®, a protein created through natural fermentation and used in aquaculture and agriculture productions. This represents a "great opportunity to develop a major business supplying aquafeed ingredients in Asia (that has) a market size of US$28 billion, representing 70% of world market," Calysta and Adisseo said in a press release.
The press release added: "The FeedKind® protein is an economical, safe, healthy, nutritious and traceable protein source, which provides innovative solutions for the growth of aquafeed products. The project will be the very first commercialised FeedKind® facility in the world, with its first phase designed capacity up to 20,000 tonnes expected to put into operation by 2022."
Once the first phase of the project runs successfully, it will be followed by a second phase investment, adding another 80,000 tonnes to capacity, that will support market penetration and expansion in Asia.
Following the set-up of Calysseo in February 2020, Adisseo announced that an agreement has been signed to start building the Calysseo production facility in Chongqing. This is the joint venture's first commercial-scale new plant in the world.
In another development, Adisseo announced on June 30 it has concluded a signing ceremony that reflects its commitment to increase its investment in China and pursue aqua feed opportunities in Asia.
The signing ceremony, that happened virtually, was attended by representatives including officials from officials of the Chongqing municipal and Changshou District government, and representatives from China Bluestar Group in Beijing, Calysta offices in the United States and Shanghai, and Adisseo offices in Paris and in Shanghai.
During the ceremony, Zheng Xiangdong, Deputy Mayor of Chongqing, said that the Calysseo production facility's establishment in Changshou Region will contribute to the transformation of the natural gas chemical industry in Chongqing and Changshou Region and further reinforce China's leading position in the biochemistry industry in the world.
Hao Zhigang, chairman of Bluestar Group and Adisseo, said: "I was delighted to join the investment signing ceremony, which marks another key step for the rollout of Adisseo's business diversification strategy as well as its China development strategy. I would like to, on behalf of Adisseo and all our business partners, express our gratitude to Chongqing and Changshou governments, for all the support extended to the project."
"Adisseo and Calysta, have very high expectation on the project. It is a major strategic investment for us," added Hao. "On the business front, Adisseo is already developing and marketing high-quality feed additives for aquaculture and now is moving into a new dimension with FeedKind®… We believe that project will be successfully completed and put into operation, and will rapidly realise its returns, bring real benefits to consumers and provide more innovation capabilities for the industry."