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Evonik and DSM's 50:50 joint venture Veramaris has started production at a $200 million algal oil plant in Blair, Nebraska. The fermentation process yields EPA and DHA omega-3 fatty acids for salmon feed without using wild-caught fish oil.
The initial output can supply about 15 percent of global salmon-farming demand for these fatty acids.
A new non-fish source of EPA and DHA could reduce salmon feed's reliance on fish oil and, to a lesser degree, fishmeal. That is a mild bearish influence on fishmeal demand over time.
aquaculturemag.comEditorialJul 16, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
