Nutreco invests in Kingfish Zeeland to boost US and European supplies of yellowtail kingfish

28 January 2020

Amersfoort, January 28, 2020 – Nutreco announces today that it has invested in Dutch company Kingfish Zeeland, which aims to bring supplies of yellowtail kingfish to the US and European markets through a proprietary recirculating aquaculture system (RAS). The investment underlines Nutreco’s ongoing commitment to Feeding the Future; the company’s mission to contribute to producing enough nutritious and high-quality food for a growing population in a sustainable way.

Yellowtail kingfish is a premium fish species, traditionally used in Japanese and Italian cuisine. In the US and Europe, supplies of the species are constrained with negligible local production. Established in 2015, Kingfish Zeeland offers locally produced, ultra-fresh, ASC/BAP certified yellowtail kingfish raised through RAS. 

“Nutreco’s ambition is to continue to invest and partner with leaders in sustainable protein production around the globe,” says Nutreco CEO Rob Koremans. “This investment fits well with our strategy to play a leading role in the development of sustainable solutions to fulfil our mission. Over the past few years, it has become clear that the growing demand for seafood calls for development of alternative farming models such as RAS to complement the existing aquaculture methods.” 

Viggo Halseth, Nutreco’s Chief Innovation Officer adds, “Kingfish Zeeland has successfully gained a first mover position in the premium RAS farming sector, producing high value yellowtail kingfish in a sustainable way. We believe that full-cycle RAS is a very relevant way of fish farming, which builds on the existing knowledge of on-land farming. Kingfish Zeeland is the kind of innovative and technologically-knowledgeable partner we want to be working with.” 

Doubling production
This strategic funding round will enable Kingfish Zeeland to double their current production capacity of 500 tonnes per year, as well as prepare for their next steps towards large-scale production across both US and Europe. Nutreco is taking part in this investment round together with several other investors (including France based Creadev and Netherlands-based Rabobank Corporate Investments).
In addition to the investment made in Kingfish Zeeland by Nutreco, the companies will also cooperate on further development of best in class RAS feeds.  

CEO of Skretting, Nutreco’s aquaculture division, and Nutreco COO Therese Log Bergjord says, “Skretting is a world leading partner for RAS producers. Kingfish Zeeland’s knowledge of farming yellowtail kingfish in RAS coupled with our expertise on high quality RAS feeds will help further integrate farming and feed solutions towards optimal fish performance, and will help further develop this highly sustainable form of aquaculture.”  

Kingfish Zeeland CEO, Ohad Maiman, comments, “We are excited to develop a partnership with a strategic industry leader such as Nutreco, and work closely with its aquafeed division Skretting. As we enter the scale up phase of our mission to advance a first mover position in the sustainable production of premium seafood, we see strong alignment with Nutreco’s mission and values, and are grateful for their strong support and vote of confidence. This partnership will help Kingfish Zeeland accelerate large-scale production of yellowtail through RAS across the US and European markets, and is a critical milestone in our development.”

Skretting is currently delivering juvenile feed to Kingfish Zeeland operations, and the companies will be working towards broader cooperation on the feed moving forward.  
ENDS

Nutreco media contact
Caoimhe Moore
Nutreco Corporate Communications Manager
Caoimhe.moore@nutreco.com
+31 6 8330 0216

About Nutreco
Nutreco is a global leader in animal nutrition and aquafeed. Their advanced nutritional solutions are at the origin of food for millions of consumers worldwide. Quality, innovation, and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for livestock farming and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and expertise for building its future. Nutreco employs over 12,000 people in 37 countries with net sales of €6.4 billion in 2018. Its two global company brands Skretting (aquafeed) and Trouw Nutrition (animal nutrition) have sales in over 90 countries. Nutreco is a wholly owned subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of € 20.1 billion in 2018. Learn more at nutreco.com.

About Kingfish Zeeland
Based in the Dutch province of Zeeland, Kingfish Zeeland taps into the pristine marine estuary water of the Eastern Scheldt, a Natura 2000 nature reserve, to deliver a healthy, antibiotic-free premium delicacy: the Dutch Yellowtail (Seriola Lalandi / Pacific Yellowtail / Hiramasa / often used interchangeably with close cousin Hamachi). Kingfish Zeeland’s Dutch Yellowtail is a high grade sashimi, a grilled or smoked classic, and a ‘Green Choice’ recommended by the Good Fish Foundation as an excellent sustainable alternative. Now available fresh from the Netherlands all year round, with daily deliveries across the EU. Learn more at kingfish-zeeland.com.