The agreement between Fjordlaks and Orkla-owned Borregaard formalizes a long-term cooperation on delivery and purchase of crude oils from multiple fish species. Denomega Nutritional Oils is already using raw material from Fjordlaks for production. Under the new agreement with Fjordlaks, Borregaard plans to build a new oil refinery on Fjordlaks premises in Ćlesund. The refinery will be located in close proximity to Fjordlaks planned new slaughter facility for whitefish, thus making it possible to refine the oil fresh. The co-localization also enables optimal logistics and cost effective operations.
The Denomega products are marketed both as food ingredients and as food supplements. Currently, Denomega is in over twenty commercially available food products around the world. This number is expected to grow to over a hundred products by the end of 2007 such that the consumers obtain the omega 3 oils health benefits through their regular diets.
Our combined R&D efforts on fish oil has begun to pay off and the market is ready for taste and odor-free omega 3 oils. The combination of Fjordlaks' competency in fish and Denomega Nutritional Oils leading position in oil refining and marketing enables us to take advantage of the significant growth in this market, said Anders Pedersen, owner and chairman of the board, Fjordlaks.
The agreement with Fjordlaks provides us with an excellent long-term access to a high quality raw material for our Denomega products. This gives us a good foundation to grow along with the market, said Erik Amundsen, director in Borregaard Ingredients Bjűrn.