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HomePosts Tagged "seafood"
Acquaculture, Agrotech, Live Stock

Sustell is the leading life cycle assessment (LCA) solution for animal protein, according to the company

dsm-firmenich, the leading innovator in health, nutrition, and beauty, has recently launched a marine fish module for Sustell™, allowing aquaculture producers of sea bass and sea bream to map the full environmental footprint of their operations.

In 2022, dsm-firmenich launched Sustell™ for salmon, with leading salmon producer Bakkafrost as a development cooperation partner.

Backed by robust methodology, ISO certification, and data connectivity, Sustell™ is the leading life cycle assessment (LCA) solution for animal protein, according to the company. dsm-firmenich emphasises that Sustell™ provides the food value chain with a credible, science-based approach to collecting farm data, measuring the environmental footprint, and mapping a course for further development of the animal protein industry.

Louise Buttle, Sustell™ lead for Aqua & Global Key Account Manager at dsm-firmenich, stated, “Now marine fish producers of species such as salmonids, seabass, and sea bream can conduct full life cycle assessment at scale, ensuring a strong return on investment and providing a credible and accurate footprint and a great user experience! Extending the Sustell™ platform to include sea bass and sea bream is a demonstration of dsm-firmenich’s commitment and continued innovations to further develop the sustainable production of seafood through aquaculture.”

Sustell is the leading life cycle assessment

Logistics, Supply Chain, Warehousing

Operations commenced at its newly acquired warehouse in Guwahati, Assam, featuring advanced ‘multi-temperature control’ capabilities

Snowman Logistics Limited, a leading cold chain and integrated temperature-controlled logistics service provider in India has initiated operations at a newly leased multi-temperature-controlled warehouse in Guwahati, Assam. The total capacity of the warehouse is 5,152 pallets and this facility features eight chambers and four loading bays, equipped with the latest infrastructure. Specifically designed to accommodate products from ambient temperatures to minus 25 degrees Celsius, the warehouse will primarily focus on providing storage, handling and transportation services for ice cream, poultry, ready-to-eat food, dairy products, confectionery, bakery products, seafood, fruits and vegetables. Other products include pharmaceuticals, specialised chemicals and various commodities.

Sunil Nair, CEO, of Snowman Logistics said “The inauguration of our latest facility in Guwahati signifies a momentous achievement for Snowman Logistics. This establishment marks our initial venture into a fully leased cold storage facility, aligning with our strategic move towards becoming asset-light. With this expansion, our overall pallet capacity has soared to an impressive 1,41,000+ pallets, strategically distributed across 20 cities, thereby expanding our foothold in Northeast India.

Snowman Logistics has garnered extensive expertise in the storage, handling, and transportation of diverse products, spanning the food, healthcare, pharmaceuticals, and specialized chemicals sectors. Our commitment to innovation is evident through the incorporation of technology-enabled facilities and platforms. This, coupled with our unwavering dedication, allows us to consistently provide tailor-made solutions that cater to the dynamic needs of the industries we serve.

Operations commenced at its newly acquired warehouse

Cold Storage, India, Supply Chain

By the end of 2027, the cold chain logistics segment is expected to hold a share of around 55.51 per cent of the overall market

REFCOLD India, 2023, South Asia’s leading exhibition and conference dedicated to refrigeration and cold-chain technologies commenced at the Chennai Trade Centre. The three-day expo will host over 200 exhibitors, along with more than 10,000 visitors and innovators from retail, pharma, seafood, milk and dairy products, fruits & vegetables, frozen foods, food service, processing, production, distribution, logistics, and transportation Industries.

Organised in collaboration between the Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE) and Informa Markets, REFCOLD India 2023 is set to redefine the industry landscape. This well-reputed event represents a significant step forward in the refrigeration and cold-chain sector, unveiling a vast potential cold-chain market of around Rs 4.3 trillion by 2027.

The event’s grand inauguration was spearheaded by a rich array of dignitaries including Guest of Honour – Dr R Velraj, Vice Chancellor, Anna University; Raja M Sriraam, Chairman, RECFOLD Chennai, ISHRAE; Yogesh Thakkar, National President, ISHRAE, Anoop Ballaney, National President-Elect, ISHRAE and Yogesh Mudras, Managing Director, Informa Markets in India.

India’s cold chain market is segmented into cold chain storage and cold chain logistics. As of 2022, the cold chain logistics segment accounted for 55.42 per cent of the total market share. By the end of 2027, the cold chain logistics segment is expected to hold a share of around 55.51 per cent of the overall market. The wastage levels in perishables in India are significantly high- 4.6- 15.9 per cent in fruits, 5.2 per cent in inland fish, 10.5 per cent in marine fish, 2.7 per cent in meat and 6.7 per cent in poultry. Adequate and efficient cold chain infrastructure from farm gates to consumers is required to arrest the high losses in the supply chain of perishables.

Many global cooling and logistics companies are stepping up their operations in the cold chain sector in India eyeing the huge potential in a large agriculture-driven country, which also happens to be the world’s second-largest producer of grains, vegetables, and fruits. The country’s vast production base, which includes meat, seafood, exotic fruit and vegetable varieties has a sizable agro-export market as well, with India exporting fruits and vegetables worth Rs 160 billion.

Sharing his ideas on the way to sustainable refrigeration and cold chain solutions, Dr R Velraj, Vice Chancellor, Anna University, said “Technology empowers us and represents the contribution of the engineer. 15 per cent of agricultural production is wasted, while over 10 per cent of marine products lose value owing to inadequate preservation. Sustainability in economic progress depends on inclusivity.

Speaking on the occasion, Yogesh Thakkar, National President of ISHRAE said, _”The adoption of integrated cold chain solutions has the potential to significantly revolutionize the traditional perishables sector, bringing about substantial changes in the market landscape and overall growth. This is especially important in a country where agriculture employs 60 per cent of the population.

By the end of 2027, the cold

Acquaculture, Company News, Finance, India, Live Stock, Start ups

The funding will strengthen FreshToHome’s mission to make 100 per cent preservative and antibiotic-residue free fish, seafood, and meat accessible and affordable to millions.

Bengaluru-based startup FreshToHome, a fully integrated online consumer brand for preservative and antibiotic-residue free fresh fish and meat, has closed $104 million in Series D funding with Amazon Smbhav Venture Fund leading the round. Existing investors in FreshToHome including Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai), Ascent Capital and others have also participated in this round. New investors joining this round include E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka. JP Morgan was the placement agent to FreshToHome for the fundraise.

The current funding will strengthen FreshToHome’s mission to make 100 per cent preservative and antibiotic-residue free fish, seafood, and meat accessible and affordable to millions. Launched in 2015, FreshToHome operates in 160+ cities in India and the UAE and offers more than 2,000 certified fresh and chemical-free products.

Two years ago, FreshToHome raised $121 million in its Series C round, led by Dubai’s Investment Corporation of Dubai, Investcorp, IronPillar, Ascent Capital and US Government’s development finance institution – DFC.

The funding will strengthen FreshToHome’s mission to

Acquaculture

The global partnership will jointly develop and market insect meal to help aqua feed customers raise more sustainable seafood with less environmental impact

Cargill and Innovafeed are committed to actions that identify and grow planet-friendly ingredients, find new ways to reuse by-products and develop fish nutrition that promotes and enhances the health of farmed fish.

The agreement combines Innovafeed’s expertise in formulating precision insect ingredients and Cargill’s global animal nutrition capabilities to scale up the use of insect ingredients in multiple types of animal feed. Under this new contract, Cargill will benefit from high-performance and sustainable ingredients for salmonids. Insect-based feed has become a competitive alternative to other sources of protein at all levels, including nutrition, production, and sustainability.

Together, Cargill and Innovafeed maximise the use of resources to create a high-quality feed with much less waste.

“A contract of this size and scope for insect ingredients in aquafeed is a first in our industry and marks a major milestone in favour of more sustainable and efficient animal feed, thanks to novel ingredients and insects more specifically,” said Clément Ray, Innovafeed’s co-founder and CEO.

Innovafeed is transforming the feed industry and broadening the basket of performant and sustainable ingredients available to the aquafeed formulators. Insect-based feed has become a competitive alternative to other sources of protein at all levels, including nutrition, production, and sustainability.

The global partnership will jointly develop and

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

Agrotech, R&D, Singapore

The new facility will help Shiok Meats scale-up production of cell-based crustacean meat products

Black & Veatch has recently collaborated with Shiok Meats for the conceptual design and layout of their first-of-a-kind advanced R&D facility for cultivated seafood, officially opened by Singapore’s Minister for Sustainability and the Environment, Grace Fu in November 2021.

The new facility will help Shiok Meats, the world’s first cultivated crustacean company, scale-up production of cell-based crustacean meat products, targeting commercialisation by 2023.

“Building the Mini Plant is a big milestone for us. Our production facility, which is due in the next 18 months, will be an extension of this Mini Plant in terms of engineering design and foundation. This new facility allows us to scale the cultivated seafood production gradually and strategically to ensure a comprehensive manufacturing model and top-notch products,” said Dr Sandhya Sriram, Group CEO & Co-founder, Shiok Meats.

David Ziskind, Director of Engineering at Black & Veatch NextGen Ag, commented, “Innovation and sustainability are core to our engineering and construction solutions as we help companies bridge the gap between science, research and development, engineering, and commercialisation to bring new food products to market, at scale. We’re excited to support Shiok Meats in their scale-up efforts to create better and more sustainable food by leveraging biotechnology to enhance global food security.” 

The new facility will help Shiok Meats

Acquaculture, AgroPolicy

This is a significant achievement for India in decoding the whole genome of the native species of shrimp, one of the world’s most important seafood commodities.

The Scientists of the ICAR-Central Institute of Brackishwater Aquaculture, Chennai have recently sequenced and assembled the whole genome of Indian White Shrimp (Penaeus indicus) on their own. This is a significant achievement for India in decoding the whole genome of the native species of shrimp, one of the world’s most important seafood commodities.

The Indian shrimp industry contributes about 11 per cent share of the global production (759,906 Tonnes valued at $4 Billion in 2020) amongst the shrimp producing countries.

The whole genome sequence of P indicus is a major landmark and this very high-quality genome assembly of P indicus is of 1.93 Gb size with contig N50 of 1.4 Mb having very high number of 346 un-gapped contigs of over 1 Mb length and scaffold N50 of 34.4 Mb. Considering the large genomes of >1.5 Gb length, the assembly presented for P indicus is the only crustacean genome and one among the only nine invertebrate genomes sequenced so far to meet the reference standard of 1 Mb contig N50 and 10 Mb scaffold N50 lengths.

The future genetic improvement programmes with focus on P indicus would benefit aquaculture with increased productivity and sustainability across Asia and the other geographical locations where this shrimp species is predominantly found.

The Scientists’ team involved in shrimp genome assembly included Dr MS Shekhar, Dr Vinaya Kumar Katneni, Dr Ashok Kumar Jangam and Dr KK Vijayan.

The shrimp genome sequencing project was financially supported by the ICAR-Consortium Research Platform on Genomics and coordinated by Dr Joy Krushna Jena, Deputy Director General (Fisheries Science), ICAR.

This is a significant achievement for India