December 7, 2020
Veramaris wins prestigious global innovation award
Veramaris has beaten over one hundred entrants to take a silver medal podium position at the Best Microalgae Awards.
The independent non-profit global competition involves judges from industries around the world. Its aim is to reward innovators and help highlight their work in the field of microalgae.
The award in the category of Sustainability and CSR Initiative asked for entries that could help "build pathways to a better future." Veramaris won the silver medal for its sustainable natural marine algal oil, produced at a zero waste, state-of-the-art facility in Nebraska, the United States.
Veramaris is the only winner operating in the field of aquaculture. The breakthrough innovation means the richest possible algal oil can be produced on a mass scale meaning it can be competitive on price, with fish oil.
The feed ingredient - which is used in aquaculture and pet food - contains twice the level of EPA and DHA Omega-3 compared to fish oil. Fish fed on Veramaris' algal oil have higher levels of EPA and DHA Omega-3 essential for the heart, brain, eyes and skin health.
Award lead Renaud d'Avout d'Auerstaedt said: "Veramaris is an inspiration to the entire industry, showing that it is entirely possible to create positive impact on our food systems at a massive scale. They have cracked the holy grail of producing the two limiting micro nutrients in aquaculture, EPA and DHA Omega-3 fatty acids, in truly unlimited amounts, which can help us to stop depleting the oceans."
Karim Kurmaly, CEO of Veramaris, said: "Our sustainable algal oil is a game changer and an enabler towards a more sustainable aquaculture industry. This breakthrough innovation is our ability to produce the richest algal oil with the highest levels of EPA and DHA at the kind of scale that provides value for our customers and the sustainability of our oceans. We are delighted to receive this award from such a prestigious organisation."
The competition is organised by the European Algae Biomass Association.
The original face-to-face awards ceremony was due to be held in Reykjavik, Iceland, but was postponed indefinitely due to the COVID-19 pandemic.