Veramaris chosen as omega-3 partner for the FEED-X program
Tuesday, November 3, 2020
System’s Accelerator Project X Global, founded by WWF, selected Veramaris as the alternative omega-3 feed ingredient partner for its FEED-X program, which aims to see 10% of the global feed industry adopt alternative feed ingredients into value chains. Veramaris competed against more than 100 other ingredient suppliers to win one of ten coveted places in the FEED-X Challenge.
Project X’s mission is to radically transform the sustainability performance of ten industry value chains most responsible for biodiversity decline and climate change impacts in ten years, and aquaculture has been identified as one of these value chains. One of Project X’s programs is FEED-X, which is focused on scaling alternative feed ingredients into the global feed industry. Its mission is to shift 107 million tons to sustainable sourcing. The FEED-X Knowledge Exchange Programme has officially begun, with two online events bringing together all partners to discuss two key topics: the benefits of scaling alternative feed and building resilient supply chains.
Karim Kurmaly, CEO of Veramaris, said that “sustainability is at the heart of our mission, to mitigate reliance on fish oil and fishmeal and make a sustainable, natural feed ingredient more accessible. Based on current and forecasted demand, there are not sufficient sustainable volumes of wild-caught fish to produce the fish oil needed for the further growth of aquaculture.”
“Veramaris was honored to be chosen by Project X to take part in the FEED-X program. This participation helps us sharpen our focus. We hope it can build a coalition for change that helps us access markets much faster and help us make a difference to people, fish and oceans,” said Kurmaly.
“The planet is asking us for coordinated action at scale – it’s crucial that we deliver it quickly. The degradation of climate change and biodiversity loss is happening at an exponential rate and the average response is linear,” said Marcela Navarro, CEO and co-founder of Project X. “High performing sustainable alternatives such as Veramaris are a critical component of a hedging strategy for resilient value chains in the feed space. We are inspired by the opportunity to continue to collaborate with Veramaris. Together, we will catalyze the paradigm shift required to bring sustainable breakthrough innovations to market,” Navarro concluded.
For more information on the FEED-X program and upcoming events, visit projectxglobal.com.
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