Thai Union, Nippon Suisan partner
Thai Union Manufacturing Co. Ltd. and Japan’s Nippon Suisan Kaisha Ltd. on Wednesday announced a partnership to produce high-grade tuna oil in Thailand.
The companies agreed to jointly form a company, called TN Fine Chemicals Co. Ltd., with capital of THB 90 million (USD 2.7 million, EUR 1.8 million), to turn seafood byproducts into ingredients used in dietary supplements and pharmaceutical products.
The new company aims to produce high-grade tuna oil suitable as an ingredient in baby formula to help enhance brain development in young children.
Additionally, the company plans to extract glucosamine from shrimp and crab shells. Glucosamine is a key ingredient in pharmaceutical products that treat arthritis, acting as a lubricating fluid in human joints.
“These new projects will make better use of waste materials from our main seafood production lines, helping us achieve our environmental objectives, while adding values to these byproducts and diversify our product portfolio,” said Thiraphong Chansiri, president of Thai Union Frozen Products.
Thai Union Manufacturing is a subsidiary of Thai Union Frozen Products, which along with Nippon Suisan Kaisha are two of the world’s largest seafood suppliers.
Initially, TN Fine Chemicals expects to produce 540 metric tons of tuna oil annually, with sales exceeding THB 125 million (USD 3.7 million, EUR 2.5 million). The company plans to export its products to Japan, the European Union and the Unites States.