AlgaPrimeDHA, a sustainable, omega-3-rich whole algae ingredient produced by the joint venture partnership of Corbion and Bunge Limited, has received the 2017 Global Aquaculture Innovation Award.
The award is an initiative from the Global Aquaculture Alliance (GAA). GAA established the award in 2012 to give recognition to individuals and companies finding new solutions to the key challenges facing aquaculture.
This year’s entries for the award came from more than 10 countries. Many of the innovations originated from the aquafeed ingredient sector.
Walt Rakitsky, Emerging Business & Corporate Account Leader for Corbion stated, “We are extremely honored to receive this award. We believe that AlgaPrimeDHA is a key feed ingredient for the industry’s continued growth. AlgaPrime DHA can responsibly enhance the nutritional value of seafood, delivering an important win-win for both people and the planet.”
Miguel Oliveira, Bunge’s Vice President of Global Innovation, added, “Aquaculture is one of the fastest-growing food production systems in the world – a market estimated to reach $200 billion annually by 2020.”
Corbion and TerraVia
AlgaPrimeDHA is currently produced at Corbion’s and Bunge’s SB Renewable Oils joint venture facility in Brazil. Based on sugarcane feedstock, AlgaPrime DHA has a lower carbon and water-use footprint and higher yield per hectare than DHA produced from most other non-marine sources.
On September 29, 2017, Dutch Algae producer Corbion completed the purchase of TerraVia, which included AlgaPrimeDHA. 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 to Corbion.