11.02.11
Cargill, Minneapolis, MN, and BASF Plant Science, Limburgerhof, Germany, have joined forces to co-develop a new dietary source of EPA/DHA. This next generation canola oil containing EPA/DHA will enable food, pharmaceutical and nutritional supplement manufacturers to deliver the potential health benefits of omega 3 fatty acids in a wide variety of new, cost-effective consumer products available by the end of the decade.
Cargill and BASF Plant Science's multi-year development and commercialization agreement reflects the complementary competencies that both companies bring to the partnership in the EPA/DHA canola field. Specifically, Cargill's food applications capabilities and existing commercial relationships with major food manufacturers and food service operators globally, and BASF Plant Science's expertise in genetically enhancing EPA/DHA levels in canola seed oil and deregulating it for use in food products. BASF Plant Science foresees a total investment of more than 150 million euros ($208 million U.S.).
The products generated through the Cargill / BASF Plant Science collaboration will address two key issues facing companies seeking to broadly deliver omega-3s to global consumers: shelf stability and cost.
"This partnership supports Cargill's objective of providing the healthiest oils to our customers and consumers globally," said Jenny Verner, president, Cargill Specialty Canola Oils. "By addressing stability and cost, we are confident that EPA/DHA canola oil will be embraced by food, pharmaceutical and nutritional supplement manufacturers globally."
Ms. Verner added that this project builds on Cargill's existing product portfolio and will further extend its ability to help customers deliver the benefits of omega 3s in food products.
"Both BASF Plant Science and Cargill believe that the market for omega 3s is very attractive long-term and that this co-development and commercialization partnership will create value for our customers and both companies," said Marc Ehrhardt, senior vice president, BASF Plant Science. "The combination of BASF's innovative technology and Cargill's leading position in the global supply chain for canola oil will make EPA/DHA canola oil-based products broadly accessible to consumers globally."
Cargill and BASF Plant Science's multi-year development and commercialization agreement reflects the complementary competencies that both companies bring to the partnership in the EPA/DHA canola field. Specifically, Cargill's food applications capabilities and existing commercial relationships with major food manufacturers and food service operators globally, and BASF Plant Science's expertise in genetically enhancing EPA/DHA levels in canola seed oil and deregulating it for use in food products. BASF Plant Science foresees a total investment of more than 150 million euros ($208 million U.S.).
The products generated through the Cargill / BASF Plant Science collaboration will address two key issues facing companies seeking to broadly deliver omega-3s to global consumers: shelf stability and cost.
"This partnership supports Cargill's objective of providing the healthiest oils to our customers and consumers globally," said Jenny Verner, president, Cargill Specialty Canola Oils. "By addressing stability and cost, we are confident that EPA/DHA canola oil will be embraced by food, pharmaceutical and nutritional supplement manufacturers globally."
Ms. Verner added that this project builds on Cargill's existing product portfolio and will further extend its ability to help customers deliver the benefits of omega 3s in food products.
"Both BASF Plant Science and Cargill believe that the market for omega 3s is very attractive long-term and that this co-development and commercialization partnership will create value for our customers and both companies," said Marc Ehrhardt, senior vice president, BASF Plant Science. "The combination of BASF's innovative technology and Cargill's leading position in the global supply chain for canola oil will make EPA/DHA canola oil-based products broadly accessible to consumers globally."
