Fish farms, or aquaculture, now provide about half of the world’s seafood, and are poised to grow. But aquaculture’s key feed ingredient faces a supply-chain bottleneck. Fishmeal and fish oil supplies fluctuate; they are growing scarce and their prices are rising. Fish farm owners need new and reliable ingredients to de-risk their supply chain and ensure continued production and growth.
Currently, most of these forage fish are ground up to feed for aquaculture. These small fish also sustain seabirds and marine mammals such as whales, seals and dolphins. If these fish disappear, so will the life that depends on it. The industry has made tremendous strides to vastly increase the productivity of fishmeal and oil, but if it is to expand, most scientists agree that more needs to be done to find alternative ingredients.
The ultimate objective is to make our Hexafly Black Soldier Fly (HBSF) products ready for market launch in Europe, helping to alleviate this demand from aquaculture, in a sustainable and productive manner. This entails a number of technical and strategic objectives, including the completion of product’s optimization, the pilot trials, and the exploitation of their results (IP expansion, commercial agreements with customers).