Lexington, Kentucky-based biotechnology firm Alltech is willing to invest in overseas algae production plants closer to its feed customers if demand for its products as a fish oil supplement grows, a company official said.

Keith Filer, who serves as the company’s research coordinator for aquaculture described Alltech’s work on alternatives for fishmeal and fish oil undertaken over the past three years to a crowd of shrimp farmers at Ecuador’s AquaExpo 2016.

In responding to one attendee’s question about whether the company would consider expanding its production from its current Kentucky plant, Filer said that’s been part of company founder Thomas \"Pearse\" Lyons’ vision all along.

“Our concept of where production is going would be exactly that, to build plants in countries next to production areas where you would remove that algae, you wouldn’t even dry it, just take it, concentrate it, make it wet and add it to the feed. You’d save on drying costs, save on transportation costs,” Filer said. “Every since we bought that plant that’s been the concept to take it from global production to local production. Right now, we’re not there. But, it\'s somewhere where we’d like to be in the future.\"

Source: Undercurrent News // Original Article