Bluestar Adisseo Company (Adisseo), a world leader in feed additives for animal nutrition, and the world’s leading alternative protein producer, Calysta, signed an agreement to establish a joint venture named Calysseo to develop FeedKind, an innovative feed solution for aquaculture, and to provide exclusive supply for Asian markets.
Adisseo and Calysta decided to establish a 50/50 joint venture to build production facilities and to address the Asian market on an exclusive basis. This is seen as a great opportunity to develop a major business supplying aqua feed ingredients in Asia with a market size of USD28 billion, representing 70% of world market.
The strategic partnership will also see the construction, in China, of the world’s first commercial FeedKind production facility, with the first phase expected to start operating in 2022, delivering 20,000 tons of FeedKind protein per year. A second step will bring an additional 80,000 tons of capacity.
Jean-Marc Dublanc, CEO of Adisseo, stated: “Adisseo is committed to strategic investments in new disruptive technologies. Our ambition is to become one of the leaders in sustainable feed ingredients and additives for aquaculture across the Asian markets. For this reason, we have been investing significantly to develop an aqua lab station in Singapore, fully dedicated to developing innovative and sustainable feed solutions for aquaculture. With this joint venture, we are investing further in a strategic collaboration, combining the agility of a start-up with Adisseo’s expertise to enable Adisseo to become a major contributor to food safety and sustainability in Asia via innovation.”