12.05.12
Avoca, Inc. and Olympic Seafood AS have formed a joint venture to produce krill oil, allowing for a guaranteed supply of krill oil to the steadily growing market. The new venture, called Rimfrost USA, LLC, combines Olympic Seafood’s production of raw krill material with Avoca’s extraction technology. “This venture will enable us to produce in the range of 600 tons of krill oil per year, which is equal to the estimated current annual worldwide demand,” said David Peele, president of Avoca. “It ensures our customers are receiving an extremely high quality krill oil, extracted in a cGMP facility, with traceability from krill that are collected in an environmentally sustainable manner.”
Avoca has been extracting krill oil for the last two years, but recently saw a spike in demand. Olympic Seafood focuses exclusively on Antarctic krill ingredients. Olympic operates on the Antarctic Ocean with its own specialized krill-collecting vessel, Juvel. The fishing and extraction operations allow total vertical integration, which will produce a secured supply of krill material. The immediate on-board processing of fresh krill is done at low temperatures, using patented technology, to provide high quality raw material. The raw material allows production of krill oil with low oxidation and exceptional quality properties. In addition to the processing on-board the Juvel, Olympic Seafood recently received “Friend of the Sea” certification for its krill collecting operation, which ensures the highest possible standards in traceability and sustainability.
Avoca has been extracting krill oil for the last two years, but recently saw a spike in demand. Olympic Seafood focuses exclusively on Antarctic krill ingredients. Olympic operates on the Antarctic Ocean with its own specialized krill-collecting vessel, Juvel. The fishing and extraction operations allow total vertical integration, which will produce a secured supply of krill material. The immediate on-board processing of fresh krill is done at low temperatures, using patented technology, to provide high quality raw material. The raw material allows production of krill oil with low oxidation and exceptional quality properties. In addition to the processing on-board the Juvel, Olympic Seafood recently received “Friend of the Sea” certification for its krill collecting operation, which ensures the highest possible standards in traceability and sustainability.