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Evonik and DSM have selected Blair, Nebraska, for a commercial omega-3 plant, with about $200 million to be invested and start-up expected in 2019. The plant will produce algae-based EPA and DHA for animal nutrition without using wild-caught fish oil.
The Veramaris joint venture is subject to regulatory approval.
Algae omega-3 could reduce the salmon industry's reliance on fish oil, which slightly lowers long-run demand for fishmeal. The price effect is small and distant.
veramaris.comMAJun 15, 2017Not 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.
