Veramaris secures authorizations in Canada as fish oil shortages lead to sales boom

Veramaris CEO Gertjan de Koning at the company's booth at Seafood Expo North America
Veramaris CEO Gertjan de Koning at the company's booth at Seafood Expo North America | Photo by Chris Chase/SeafoodSource
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Delft, The Netherlands-based Veramaris has received full market authorization in Canada to include its algal oil in salmonid feed. 

Veramaris announced on 11 March it secured the authorization after a three-year registration process, opening the market to its algal oil for the first time. Veramaris CEO Gertjan de Koning told SeafoodSource during Seafood Expo North America – which ran from 10 to 12 March in Boston, Massachusetts, U.S.A. – that the registration was the final step in getting its product to market.

“We are now registered in all the major salmon- and shrimp-producing companies,” de Koning said. “Going into Canada, they pre-warned us that it was a lengthy process.”

Soon after the registration went through, he said, companies began reaching out. 

“Some of the parties that we are connected with are in Canada, and we could finally bring them the good news,” de Koning said. “Orders started flowing immediately. Some parties have really been waiting for this to happen.”

Skretting Canada Commercial Director David Seeley told SeafoodSource that the company has already been using Veramaris’s algal oil in its feed in the U.S. and has been waiting for it to be legal in Canada.

“It’s fantastic news. We were waiting for it and pushing for it,” he said. “We’ve got a lot of interest in the market.”

Veramaris has been seeing an uptick in worldwide demand for its products,.and the company’s algal oil is now being used in aquaculture feed in Norway, Chile, Ecuador, and elsewhere, de Koning said.

“If you really compare the situation a few years ago to the situation today, it’s completely different. A few years ago, we were pushing and pulling and struggling to get traction for our products,” de Koning said.

De Koning said Veramaris is currently “sold out” of its algal oil as the demand is outstripping its ability to supply products to the market from its Blair, Nebraska, U.S.A.-based facility, which the company purchased in 2019.

“Right now, we’re looking at expansion projects because we feel that even if we would double the capacity that we have today, we would still be sold out,” de Koning said, adding that a core driver has been a ... 

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