$200 Million Plant for Algae-Derived Salmon Feed Coming to US
ABO member DSM and Evonik announced this month a joint venture to build a $200 million facility to produce an omega-3 salmon feed product from algae. The facility, coming online in 2019, will be constructed on an existing Evonik site in the United States.
The announcement heralds a new era for algae in fish and agriculture feeds. Algae-based feeds and additives can be produced with less water and land inputs than other crops, and they can dramatically reduce the need for overtaxing fish stocks in the ocean that are already under stress.
Moreover, the size of the investment shows that even the initial phases of algae-technology commercialization can have enormous economic impacts for communities around the U.S.
Read more about the projects, and some of the innovative details about the algae oil product, at FeedNavigator.