Aquaculture: Critical Industry, Constrained Growth
As the world’s demand for new sources of protein is straining current production capacity, aquaculture has grown to fill the gap. Production of fishmeal, the primary conventional protein source for aquaculture feed, largely depends on wild catch fisheries. Without strict regulation, this practice can damage the world’s ocean ecosystem through unsustainable overfishing. Fishmeal supplies have steadily shrunk over the last 20 years despite sharply rising demand. This has led to a tripling of prices in the last decade with associated increases in costs for aquaculture production.
Both industry and environmental leaders are advocating development of new, sustainable ways to meet demand for increased sources of protein that do not compete with the human food chain.
“With the global population continuing to increase and capture fishery volumes leveling off, aquaculture is playing an increasingly important role in the production of protein rich food. “
Scottish Salmon Producers Organization, 2013
FeedKind® protein offers aquaculture feed producers valuable features not available in existing feed ingredients. These include high nutrient density, product uniformity, security of supply, sustainable product labeling and potential health benefits to farmed fish. Production of FeedKind protein is independent of climatic variability and fishery regulations, and eliminates the risk associated with sourcing fishmeal from locations with poor environmental or labor standards.
Calysta plans to introduce FeedKind® Aqua protein for the aquaculture industry in 2018, to be followed by additional FeedKind protein products for the livestock and pet food industries. In September 2016, Calysta opened a Market Introduction Facility in northern England to produce commercial sample quantities of FeedKind protein for customer evaluation and regulatory expansion outside of the European Union.
In early 2016, Calysta partnered with Cargill for production of FeedKind protein in North America and entered into a global joint marketing agreement. In November 2016, Cargill and Calysta, along with several third party institutions, announced plans to invest in creation of the world’s largest gas fermentation facility in Memphis, Tenn to produce FeedKind protein. This plant is expected to come online in late 2018.