New AlgaPrime™ DHA, an Algae-Based Alternative to Fish Oil, Addresses Declining Omega-3 Content in Farmed Salmon
November 21 2016 - 8:30AM
Business Wire
AlgaPrime™ DHA Provides a Sustainable Source of
Omega-3s For Fish Feed Without Further Depleting Marine Fish
Stocks
A recent study by Stirling University reveals that the amount of
omega-3 fatty acid in farmed salmon in the UK has decreased by 50%
in the past 10 years, thus requiring consumers to eat double the
portion of salmon to obtain the same amount of omega-3s. This
reduction is believed to be largely due to changes in the way
salmon are fed, as well as declining worldwide stocks of small oily
fish, which have been a primary contributor of omega-3 fat in fish
feed.1
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To maintain levels of omega-3s in farmed salmon and the human
diet, sustainable and responsibly sourced alternatives to fish oil
ingredients are urgently needed to meet soaring consumer demand for
salmon without further depleting marine fish stocks. AlgaPrime™
DHA, an omega-3-rich whole algae ingredient developed by TerraVia
Holdings, Inc. (NASDAQ: TVIA) in partnership with Bunge Limited
(NYSE: BG), provides a sustainable, scalable and economically
viable source of omega-3s. As an alternative to ingredients like
fish oil and fishmeal that come from small oily fish, AlgaPrime™
DHA can ease the industry’s reliance on wild fish capture and help
preserve the marine environment.
Aquaculture is one of the fastest growing segments of the global
food industry, supplying nearly 50% of fish and seafood for human
consumption according to the Stirling study. “Global demand for
seafood is continually increasing and the only way we can meet this
demand without putting further pressure on wild fish stocks is
through responsible aquaculture,” said Piers Hart, Global Lead for
Aquaculture at the World Wildlife Foundation. “There’s only a
limited amount of fish in our seas to feed us, let alone to make
into feed. Now there is a sustainable alternative to fish oil
available on an industrial scale, something we could only dream
about ten years ago.”
“Farmed salmon remains one of the richest sources of omega-3s,
which are beneficial for human health and supporting healthy brain
development,” said Douglas Tocher, a professor at Stirling
University’s Institute of Aquaculture and co-author of the study.
“And in fact, farmed salmon delivers more omega-3s than wild caught
salmon.”
“Using AlgaPrime™ DHA fed salmon could help arrest and reverse
the decline in omega-3s in farmed salmon,” added Dr. Walter
Rakitsky, Senior Vice President, Emerging Business, TerraVia.
“AlgaPrime™ DHA contains approximately three times the level of DHA
compared to fish oil. One ton of AlgaPrime™ DHA is the equivalent
of saving up to 40 tons of wild caught fish from our oceans on a
DHA basis. In addition, AlgaPrime™ DHA can help address consumer
and retailer demand for responsibly sourced fish.”
AlgaPrime™ DHA is currently being made at TerraVia 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.
About TerraVia
TerraVia is a plant-based food, nutrition and specialty
ingredients company that harnesses the power of algae, the mother
of all plants and earth’s original superfood. With a portfolio of
breakthrough ingredients and manufacturing, the Company is well
positioned to help meet the growing need of consumer packaged goods
and established and emerging food manufacturers to improve the
nutritional profile of foods without sacrificing taste, and to
develop select consumer brands. The Company also manufactures a
range of specialty personal care ingredients for key strategic
partners. Headquartered in South San Francisco, the Company’s
mission is to create products that are truly better for people and
better for the planet. For additional information, please visit
TerraVia’s website at www.terravia.com.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global
agribusiness and food company operating in over 40 countries with
approximately 35,000 employees. Bunge buys, sells, stores and
transports oilseeds and grains to serve customers worldwide;
processes oilseeds to make protein meal for animal feed and edible
oil products for commercial customers and consumers; produces sugar
and ethanol from sugarcane; mills wheat, corn and rice to make
ingredients used by food companies; and sells fertilizer in South
America. Founded in 1818, the company is headquartered in White
Plains, New York.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements that involve risks and uncertainties
including statements about TerraVia that involve risks and
uncertainties concerning: the timing, cost and scalability of
production and sales of AlgaPrime™ DHA and its economic viability
and environmental impact; the ability of AlgaPrime DHA to address
demand for use in fish feed; the ability of AlgaPrime™ DHA
production to help preserve the marine environment and the
nutritional value of seafood; continued expansion of the
aquaculture industry and demand for omega-3s and responsibly
sourced fish by consumers and retailers; the attributes of
AlgaPrime™ DHA, including as to omega-3 content, its ability to
affect the decline in omega-3s in farmed salmon and save wild fish;
the environmental impact of the production facility; market
acceptance of products; and the ability to maintain relationships
with partners. When used in this press release, the words "will",
"expects", "intends" and other similar expressions and any other
statements that are not historical facts are intended to identify
those assertions as forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Any such
statement may be influenced by a variety of factors, many of which
are beyond the control of the companies, that could cause actual
outcomes and results to be materially different from those
projected, described, expressed or implied in this press release
due to a number of risks and uncertainties. Potential risks and
uncertainties include, among others: TerraVia’s limited operating
history; its limited history commercializing products;
implementation risk in deploying new technologies; its limited
experience in constructing, ramping up and operating commercial
manufacturing facilities; delays related to start-up and ramp-up of
production facilities and new products; commercial risk in
deploying new products; its ability to successfully develop and
commercialize new products; its ability to sell products;
successful product trials by customers and market acceptance and
adoption of products by end-users; the ability to obtain requisite
regulatory approvals for products; its access, on favorable terms,
to any required financing; and availability of consistent, reliable
power and steam. Accordingly, no assurances can be given that any
of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what impact they will
have on the results of operations or financial condition.
In addition, please refer to the documents that TerraVia
Holdings, Inc. files with the Securities and Exchange Commission,
including its Quarterly Reports on Forms 10-Q and its Annual Report
on Form 10-K, as updated from time to time, for a discussion of
these and other risks. You are cautioned not to place undue
reliance on forward-looking statements, which speak only as of the
date of this press release. TerraVia is not under any duty to
update any of the information in this press release.
1 Sprague, M. et al. Impact of sustainable feeds on omega-3 long
chain fatty acid levels in farmed Atlantic salmon, 2006-2015. Sci.
Rep. 6, 21892; doi: 10.1038/srep21892 (2016).
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