Alltech is closing its algae facility in Winchester, Kentucky, saying the move was prompted by the need for more flexibility and less constraint in terms of algae production.
A genetically modified (GM) plant-based, omega-3 oil may be on its way to the aquafeed market in the US and Canada if Nuseed’s regulatory requests are approved.
UK retailers like Morrisons’, Sainsbury’s and Tesco are backing an international ‘responsible’ fish oil certification earned by 100 processing factories in 9 countries and representing 40% of global fish oil and fishmeal outputs.
Algae is well on its way to being a fully blown nutritional powerhouse, but the algae’s elemental abundance means it is also in demand from other sectors like animal feed but most notably, biofuels.
The company yesterday posted its performance for the three months to July 31 2008, which revealed a 12 percent increase in product sales to $83.5m compared to the same period last year.
