Press release
Veramaris secures Canadian authorization for algal oil in aquafeed
Veramaris has been granted the first market authorization in Canada for the inclusion of algal oil in feeds for salmonid species. This regulatory approval supports the ongoing growth of aquaculture in the country and aligns with the industry's long-term sustainability goals.
Delft, Netherlands, March 11, 2024. As a key supplier of Omega-3 EPA & DHA-rich algal oil, Veramaris has completed the necessary three-year registration process for its use in Canadian salmonid farming. The authorization allows Veramaris to provide Canadian aquaculture with a secure source of ASC- and MSC-certified EPA & DHA — nutrients essential for fish health, welfare and the nutritional value of farm-raised seafood. The algal oil, produced in Blair, Nebraska, USA, is a regional solution that supports the industry's move towards adopting alternative Omega-3 sources and reducing dependency on fish oil as a primary source of essential fatty acids for salmon feed.
"The Canadian registration of Veramaris' algal oil is key to supporting the rising global demand for alternative sources of Omega-3 EPA & DHA. Securing authorization in Canada is an important step not only for Veramaris but also for the entire aquaculture industry," says Gertjan de Koning, CEO of Veramaris.
The registration has been welcomed by the Canadian aquaculture sector. Tim Kennedy, President & CEO of the Canadian Aquaculture Industry Alliance, noted, "Canadian aquaculture is at a pivotal point, and Veramaris' algal oil brings us closer to achieving our sustainability aspirations. This registration not only highlights the strategic value of aquaculture in Canada but also demonstrates the industry’s commitment to innovation and environmental stewardship."
Canada is the world's fourth-largest producer of salmonids, including farmed Atlantic salmon. The market authorization of Veramaris' algal oil is expected to make a positive contribution to the health and welfare of farm-raised salmon and to advance sustainable practices within the Canadian aquaculture industry.
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About Veramaris
Veramaris is committed to supporting the growth of aquaculture by offering the world's richest source of Omega-3 EPA & DHA through its ASC-MSC-certified algal oil for fish and shrimp feed. By harnessing nature’s original source of Omega-3, Veramaris helps to ensure the nutritional quality of aquaculture feed, for better animal health and performance, and less waste. This helps to meet the growing demand for more nutritious and higher-quality seafood without increasing the pressure on fisheries. From our headquarters in Delft, Netherlands to our advanced production facility in Blair, Nebraska, we collaborate with value chain partners to support the seafood industry in both creating and capturing value through sustainable practices and innovative solutions.
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In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Veramaris doesn’t assume an obligation to update the forecasts, expectations or statements contained in this release.