F3 Challenge Prize Money Doubles, 2nd Quarter Sales Announced
Veramaris remains in lead at halfway point of global aquaculture feed competition
May 15, 2019—The F3 Challenge prize has doubled thanks to a generous donation of $100,000 USD from the sustainable aquaculture investment fund Cuna del Mar. The competitor who sells the most “fish-free” fish oil for aquaculture that meets the challenge criteria will win the $200,000 USD grand prize.
The F3 Fish Oil Challenge is an incentive prize designed to help accelerate commercial-scale ingredients for aquaculture feed that meet the nutritional requirements of fish to produce healthy seafood for consumers without utilizing wild-caught fish.
“Finding alternatives to wild-caught fish is essential for the future of aquaculture,” said Christy Walton, founder of Cuna del Mar. “We are excited to be part of this global effort by industry leaders to make fish-free animal feed a reality.”
As of the second sales reporting period, the four competitors have collectively sold 210,265 kilograms of F3 oil during the contest. Veramaris remains in the lead with the most oil sold.
The four global competitors include China-based Guangdong Evergreen Feed Industry Co. Ltd., China-based Shen Zhen Alpha Feed Co. Ltd., Netherlands-based Veramaris and the UK/U.S.-based team Aquaculture Innovation/Qualitas Health.
Aquaculture, or fish farming, supplies one of the world’s most efficient sources of animal protein. However, the industry is being held back by the availability of one key ingredient: fish oil, which provides important omega fatty acids necessary for animal and human nutrition.
Each year, an estimated 16 million metric tons of wild fish are caught exclusively for use in fish oil and fishmeal. Wild-caught fish are currently the major source of Omega-3 known and contains DHA, EPA and ARA—essential fatty acids needed to grow farmed-raised fish. Without alternative marine animal-free oil sources, the world’s oceans will not be able to keep up with the demand for seafood to feed the growing world population, which could result in major supply chain disruptions in the multi-billion dollar aquaculture industry as well as ecological collapse.
The University of Arizona, University of Massachusetts Boston, Synbiobeta, Anthropocene Institute, Dawson Family Fund, Sustainable Ocean Alliance, The Nature Conservancy, The Campbell Foundation, Tides Foundation and The National Renderers Association are sponsors of the crowdfunded prize, today joined by the generous gift from Cuna del Mar.
# # #
The goal of the F3 Fish Oil Challenge is to accelerate the availability of cost-competitive, viable alternatives to fish oil that provide the essential nutritional components for fish that at the same time help reduce demand for wild-caught fish feed and enhance food security. The contest is sponsored by Future of Fish Feed (F3), a collaborative effort between NGOs, researchers, and private partnerships to accelerate and support the scaling of innovative, alternative aquaculture feed ingredients. To learn more, visit: http://www.f3challenge.org/.
F3 Challenge media contact: