Simris Alg presents the first batch of algae oil produced in Sweden
The pioneering company Simris Alg AB has produced its first batch of oil from algae, grown and harvested in the company’s plant. It’s a major breakthrough for Simris Alg, being the first swedish venture on an international multi billion market. The algae oil is rich in healthy omega 3 fatty acids and will be used to replace fish oil in food and dietary supplements.
Simris Algs algae farm, located in the village of Hammenhög in southern Sweden, was commissioned in the spring of 2013 and is the only one of its kind in Sweden. Harvesting of the omega 3-rich algae started this summer and now the first batch of oil has been extracted, produced solely by feed stock from Simris Algs own production.
– This is a major breakthrough for us, says Fredrika Gullfot, founder and CEO of Simris Alg. In less than three years we have gone from a desktop project to cultivation and commercial production. To call ourselves an oil company is a fantastic feeling! This is an important market for the future, but only a limited number of companies can produce oil from algae on a commercial scale.
The algae oil will be used in Simris Algs own dietary supplement product, Simris Omega 3, planned for market introduction in 2014. The oil will also be used in omega 3-enhanced food and drinks.
– Its easy to dismiss omega 3 as an insignificant nisch, but it’s presently a multi billion market with an annual growth rate of 8% and a major environmental problem, says Fredrika Gullfot. The conventional raw materials used to extract omega 3 is fish oil, that together with fish meal are the direct cause of the present situation of catastrophic overfishing. By extracting the oil directly from algae instead, the overfishing can be reduced for the good of health and environment.