DSM, Evonik establish Veramaris joint venture

Veramaris to set new standard for omega-3 fatty acids EPA and DHA for animal nutrition.

DSM and Evonik have established a new company, Veramaris V.O.F., for the production of the omega-3 fatty acids eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) from natural marine algae for animal nutrition, according to a Jan. 30 announcement. The 50/50 joint venture is headquartered at the DSM Biotech Campus in Delft, Netherlands.

Veramaris’s breakthrough innovation — an algal oil — will, for the first time, enable the production of the essential omega-3 fatty acids EPA and DHA for animal nutrition without using fish oil from wild-caught fish, which is a finite resource, the companies said. DSM and Evonik announced their intention to start this joint venture in March 2017. Since then, all necessary approvals have been received.

Construction of a $200 million production facility at the Evonik site in Blair, Neb., has commenced and is proceeding according to plan. Commercial quantities of the algal oil rich in EPA and DHA will be ready for sale in 2019. Pilot quantities for market development purposes are already available. The initial annual production capacity will meet roughly 15% of the salmon aquaculture industry's total current annual demand for EPA and DHA, the announcement said.

Veramaris will be headed by chief executive officer Karim Kurmaly and chief financial officer Frank Beissmann. Kurmaly, a marine biologist, has been with DSM for more than 16 years, most recently as vice president-animal nutrition and health in Asia Pacific. Beissmann, an engineer, has been with Evonik for more than 20 years and has held various positions in production, supply chain, marketing and controlling.

“Our algal oil, rich in both EPA and DHA, is our response to the industry’s call for a sustainable and traceable source of the omega-3 fatty acids EPA and DHA. Veramaris will now enable our partners along the value chain to grow in a responsible way and meet the demand for healthy animal protein rich in both EPA and DHA for consumer health,” Kurmaly said.

Veramaris will engage in dialogue with all stakeholders across the value chain, including non-governmental organizations, the announcement said, noting that pioneering collaborations have allowed leading players in aquaculture to develop salmon diets free from marine ingredients, using the Veramaris algal oil as a complete replacement for fish oil.

“Our goal is to establish the industry standard. We are committed to delivering consistent high quality of the omega-3 fatty acids EPA and DHA. Drawing on our expertise in supply chain and logistics, we are able to transition customers to Veramaris as smoothly as possible,” Beissmann explained.

Until recently, the EPA and DHA added to animal feed have been almost exclusively from marine sources such as fish oil and fish meal, which are finite resources. Currently, a total of 16 million metric tons of wild fish are caught for the production of fish oil and fish meal. By using natural marine algae, Veramaris contributes to closing the EPA and DHA supply/demand gap while helping conserve marine life and biodiversity in the oceans, DSM and Evonik said.

Veramaris was launched in 2018, because its parent companies shared a vision to conserve marine life by using a resource the ocean provides: natural marine microalgae. By producing an algal oil rich in EPA and DHA through large-scale fermentation at its facility in Blair, Veramaris enables partners along the value chain to become independent from wild-caught fish and meet the growing demand for animal protein responsibly.

TAGS: Business
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.