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Up to 10 companies are invited to register for the contest that will award a $100,000 grand prize for the krill replacement product that results in the best growth, feed consumption and survival during a 12-week feeding trial on Atlantic salmon

The F3 – Future of Fish Feed launched its newest aquaculture feed contest the F3 Krill Replacement Challenge to spark innovation for a substitute for krill in aquaculture feeds.

Up to 10 companies are invited to register for the contest that will award a $100,000 grand prize for the krill replacement product that results in the best growth, feed consumption and survival during a 12-week feeding trial on Atlantic salmon (Salmo salar). Registration is open until August 31, 2023.

“We are upping the stakes in our fourth challenge to the aquaculture industry to replace another critical marine animal ingredient in fish feed,” said Kevin Fitzsimmons, professor at the University of Arizona and chair of the Future of Fish Feed. “We invite innovators from the feed supplement, feed ingredient, and synthetic biology sectors to join us in advancing more sustainable aquaculture practices that will improve food security globally.”

The F3 Krill Replacement Challenge—the fourth contest hosted by the Future of Fish Feed—was motivated by scientific research that has shown sharp declines in krill populations by as much as 80 per cent, the result of climate-induced changes in ocean temperature, currents, acidification and regional overfishing.

Krill is a popular aquaculture feed ingredient for its nutritional benefits and is thought to increase feed palatability and fish growth. As a result, the commercial krill fishery located in the Antarctic has steadily increased production over the last decade from a high of 200,000 tons in 2010 to 450,000 tons in 2020. The rapidly expanding industrial fishery coupled with climate-induced stressors presents considerable risks to the global krill supply.

A wide variety of marine life depends upon these tiny shrimp-like crustaceans at the base of the marine food chain including whales, penguins, and commercially important wild fisheries like salmon, rockfish, squid, and sardines. Krill is also important for its role in removing carbon dioxide from the atmosphere.

The contest will be run as a comparative feeding trial in which each competitor’s feed additive, attractant or other feed-enhancing product free of marine-animal ingredients will be incorporated into an F3-designed, plant-based feed for Atlantic salmon. To determine a winner, the F3 judges will compare salmon weight gain, feed conversion ratio, and survival observed for each krill replacement product. A diet containing a krill meal is also included in the trial as a control.

The challenge focuses on a widely consumed fish—Atlantic salmon—that are known by farmers to be finicky eaters. The krill replacement products have the potential to benefit many other farmed seafood producers seeking to enhance the performance of “fish-free” feeds since krill is not only used to enhance nutrition but also for its perceived attributes as an attractant and palatant.

To join the race to replace krill in aquaculture feeds, visit the F3 Krill Replacement Challenge website: www.f3challenge.org.

Up to 10 companies are invited to

Acquaculture, Company News, Finance, Sustainability, World

The company intends to use the proceeds to achieve steady production levels and profitability in Phase 1 of its flagship Florida RAS, which is designed to produce up to 9,500 tonnes of gutted salmon a year

Land-based salmon farmer Atlantic Sapphire has raised $55 million gross with a private placement of shares, which is $5 m more than originally planned.

“The deal size in the private placement was up-sized based on strong investor demand from the initially announced NOK equivalent of $50 million,” Florida-based Atlantic Sapphire said in a market announcement.

The company intends to use the proceeds to achieve steady production levels and profitability in Phase 1 of its flagship Florida RAS, which is designed to produce up to 9,500 tonnes of gutted salmon a year. Meanwhile, any remaining funds may be used for the company’s second phase, which aims to bring capacity up to 25,000 tonnes a year.

Nordlaks, one of Norway’s largest salmon producers, which already owned a 4.77 per cent stake in the company, was the largest investor in the new round, buying shares worth $10 million. Another notable investor from the aquaculture world was Blue Future Holding, part of the group that owns AquaGen and GenoMar, which bought shares worth $4.65 million

Atlantic Sapphire’s board has also adopted an intention to carry out a subsequent offer of up to 20 million new shares with gross proceeds of up to $9.3 million.

The company intends to use the proceeds

Acquaculture

This partnership is an important signal of the companies’ long-term commitment and confidence in Chile and the future of the salmon industry in the country

Multiexport Foods SA, a pioneer and leader of salmon farming in Chile, has announced that Cargill, the global food and agriculture company, has agreed to purchase 24.5 per cent of the shares of Salmones Multiexport SA (Multi X), the subsidiary of Multiexport Foods SA. In turn, Mitsui, a shareholder of Multi X since 2015, will increase its shareholding by 1.13 per cent, to 24.5 per cent.

Multiexport Foods SA maintains control of Multi X with 51 per cent of the total shares. The transaction is subject to certain regulatory approvals and the fulfillment of conditions agreed by the parties.

This partnership is also an important signal of the companies’ long-term commitment and confidence in Chile and the future of the salmon industry in the country.

“Adding Cargill as a new partner of Multi X will be a strategic and decisive step in the next stage of development of the company and its purpose to win over the world’s consumers with high-quality, value-added, sustainable products sold under our brands ‘Multi X’, ‘Arka’ and ‘Latitude 45’,” said José Ramón Gutiérrez, Chairman of Multiexport Foods SA.

Tim Noonan, managing director for Cargill’s seafood business commented, “This partnership is an important next step in the development of our seafood strategy and will leverage our capabilities across the value chain, including consumer insights, culinary innovation, value-added processing know-how, risk management, and fish nutrition and health solutions. As a result, we hope to provide more customers and consumers with access to Multi X’s high-quality portfolio of private label and branded salmon products.”

This partnership is an important signal of