5 October 2017
AlgaPrimeDHA, a sustainable, omega-3-rich whole algae ingredient produced by the joint venture partnership of Corbion, N.V. and Bunge Limited, has received the 2017 Global Aquaculture Innovation Award from the Global Aquaculture Alliance. The Global Aquaculture Alliance (GAA) is a leading standards-setting organization for aquaculture seafood. GAA established the award in 2012 to recognize individuals and companies finding new solutions to the key challenges facing aquaculture.
According to GAA, the 2017 Global Aquaculture Innovation Award garnered the strongest competition to date with entries from more than 10 countries. Many of the innovations, including AlgaPrime DHA, originated from the aquafeed ingredient sector.
AlgaPrimeDHA is currently produced at Corbion's and Bunge's SB Renewable Oils joint venture facility in Brazil. The facility embodies the principles of sustainable production to produce algae-based products with low carbon, water and land use impacts. Based on sugarcane feedstock, AlgaPrime DHA has a lower carbon and water footprint and higher yield per hectare than DHA produced from most other non-marine sources.
On September 29, 2017, Corbion completed the purchase of TerraVia, which included AlgaPrime DHA. San Francisco-based TerraVia has developed a microalgae platform to deliver high-value ingredients with clear benefits, such as Omega-3 oils for animal nutrition and tailored oils, structured fats and proteins for food, personal care and industrial applications. Corbion Algae Ingredients operates an R&D center and pilot facility in San Francisco, a demonstration plant in Peoria, Illinois and an industrial scale plant in Brazil in a joint venture (50.1% owned by TerraVia) with Bunge. The acquisition is expected to bring high value creation potential for Corbion.
Illustration Photo: Salmon Farm (credits: Ben Turner / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))