Veramaris competed against more than 100 ingredient suppliers to win
System’s Accelerator Project X Global, founded by WWF, has 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 10 coveted places in the FEED-X Challenge.
Project X’s mission is to radically transform the sustainability performance of 10 industry value chains most responsible for biodiversity decline and climate change impacts in 10 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 Program 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 is CEO of Veramaris, he said: “Sustainability is at the heart of our mission; to mitigate reliance on fish oil and fish meal and make a sustainable, natural feed ingredient more accessible. Based on current and forecasted demand there is 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 to sharpen our focus. We hope it can build a coalition for change that helps us to access markets much faster and help us to make a difference to people, fish and oceans.”
Marcela Navarro, CEO and Co-Founder of Project X, shares the sentiment: “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.
“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.”