See the latest corporate press releases from the BioMar Group
Loch Duart Salmon pioneers sustainability and health advancements in the UK with BioMar’s innovative Blue Impact feed
June 1 2023
Loch Duart, the small-scale, low-impact salmon farm based in North West Scotland, has furthered their commitment to raising the best-tasting salmon with the lowest possible impact on the environment by switching to global aqua feed producer BioMar’s new Blue Impact diet. Loch Duart is the first salmon producer in the UK to use the Blue Impact feed, launched by BioMar last year.
Compared to the turbulent beginning of 2022, BioMar delivers a very strong result for the first quarter of 2023. While EBITDA is more than doubled, revenue grew by 21%. At the same time, BioMar emphasizes the strong performance of the joint-ventures in China and Turkey.
BioMar and Agronutris partner on the next generation insect meal
April 25 2023
BioMar and Agronutris have signed a long-term partnership to develop the next generation of black soldier fly meals specifically designed for the needs of the aquaculture industry. After years of R&D, insect meal is now seen as a promising new ingredient on a clear pathway to being widely adopted. A wide portfolio of insect meals design for aquaculture are entering the market.
BioMar’s carbon targets approved as the ‘most ambitious’
April 19 2023
Today at the launch of BioMar’s Sustainability Report, the group announced that it became the first aquafeed company to have its ambitious carbon reduction targets independently validated to meet the 1.5°C trajectory. This is currently the most ambitious designation available through the Science Based Targets Initiative (SBTi) process.
BioMar backs an initiative to develop women in the Caribbean
March 8 2023
Today on International Women’s Day BioMar announces the support of WiCA, Women in Caribbean Aquaculture and the extended organisation of the Caribbean Aquaculture Network (CAN). Both organisations have recently been formed to support collaboration in the region and ensure the responsible expansion of aquaculture and blue food, which is expected.
BioMar ended 2022 with a strong Q4, bringing the full year results to beat the earning guidance of DKK 1 billion EBITDA. The positive development is mainly driven by stronger development in the Salmon and LATAM divisions, compensating for a weaker result in the EMEA division.
BioMar is expanding its feed offering with a new product category, a bioremediation solution, to ensure optimal environmental conditions for shrimp from hatchery to grow-out.
BioMar Sources Benson Hill Ingredients to Boost Sustainability of Aquafeed
January 26 2023
Benson Hill, Inc., a food tech company unlocking the natural genetic diversity of plants, and Denmark-based BioMar, today announced a strategic collaboration to advance BioMar’s responsible sourcing program by leveraging Benson Hill soy and further assessing its sustainability impact on high-performance aquafeed formulations.
AKVA executive Andrew Campbell assumes the position of CEO for the world’s leading aqua feeding technology company AQ1, from 1 January 2023. Founder Ross Dodd stays in an executive role, contributing to the company’s future growth.
Despite lower sales volumes, BioMar reports an increase in revenue by 41%, while earnings recovered significantly compared to Q3 2021. The company is now raising earnings guidance for the full year to the range of DKK 960-1,000 million
BioMar reports year-on-year volume sales up by 9 % and an increase in revenue by 42 %. Despite still being challenged by raw material prices, energy costs and the impact of suspending trade with Russia, BioMar earnings improved significantly, causing the company to raise guidance for the full year.
BioMar and Síldarvinnslan to build a net-zero aquafeed facility in Iceland
August 12 2022
BioMar Group and Síldarvinnslan have signed a memorandum of understanding to build a modern high-tech aquafeed production facility in Iceland. Through this move, BioMar will become the only global feed company in the Icelandic market. The venture has an ambition to build a facility that will achieve net-zero within its own operations.
BioMar commits to the most ambitious pathway toward net-zero
June 27 2022
In the recently launched Integrated Sustainability Report, BioMar announces its commitment to the 1.5°C pathway for reducing carbon emissions. BioMar is the first global aquafeed supplier to adopt the 1.5°C pathway toward net-zero under the Science Based Targets initiative (SBTi).
BioMar joins forces with Mols Bjerge National Park on an eelgrass restoration project
June 17 2022
On Sunday 19 June, Mols Bjerge National Park will undertake an eelgrass restoration project with the help of BioMar Group and the local Danish community. The project is called Havets Grønne Enge, which translates to Green Meadows of the Sea.
As expected, BioMar grew year-on-year volume sales by 8% in Q1, and the company reported revenue up by 34%. While the top line is growing, the bottom line is challenged by raw material prices, cost of energy, and the decision to suspend trading with Russia.
Deep Branch and BioMar agree strategic partnership to enhance the aquaculture industry
May 3 2022
Deep Branch and BioMar have signed a long-term technical and commercial partnership to redefine traditional aquaculture feed ingredients and improve the aquaculture industry’s efficiency, profitability and sustainability. The immediate focus of the cooperation will be to optimise salmon feed using Proton™, a single cell protein developed by Deep Branch for the feed industry, as a primary protein source.
BioMar and Earthworm Foundation take lead on responsible shrimp
April 29 2022
Earthworm Foundation, an international non-profit undertaking social and environmental projects, is partnering with BioMar to drive responsible shrimp projects in Ecuador. The full value chain collaboration will not only include deforestation- free aquafeeds but capacity building initiatives to drive social change and sustainability best practices in the region.
Following the successful entrance into the shrimp feed market, the board of BioMar approves the acquisition of AQ1 Systems, the world’s leading producer of acoustic feeding technology for the shrimp farming industry. With the investment, BioMar aims to accelerate the sustainability journey of the industry.
BioMar stops all commercial activities with and within Russia
March 5 2022
Following the invasion of Ukraine, BioMar Group shuts down all trade activities with Russia. The decision includes sales of finished products as well as the sourcing of raw materials.
BioMar concludes the year with solid growth across markets with a significant increase in volumes and revenue, reaching an all-time high level. However, the bottom-line results were affected by the global increase in raw material prices, logistic costs, and energy prices.
Microalgae no longer considered a niche ingredient in BioMar
February 21 2022
BioMar’s facility in Brande, Denmark significantly scales up the inclusion of microalgae into their raw material portfolio. The use of microalgae in the flagship product line produced in Brande enables BioMar to ramp up the sustainability criteria as this ingredient contributes to a reduced dependency on wild fish stocks.
Commercial success challenged by raw materials and logistics
November 12 2021
The quarterly release from BioMar reveals as expected a solid growth across markets with a significant increase in volumes and revenue. However, the bottom-line results are affected by global increases in raw material prices, logistic costs, and energy prices.
Planning for future product launches and new feed product concepts designed in collaboration with customer demand, the salmon division in BioMar announces the appointment of a new divisional marketing director.
BioMar appoints experienced aquaculture profile for Vietnam
October 6 2021
BioMar has appointed Franck Bodin as Managing Director for the new BioMar Viet Uc feed business unit in Vietnam. Franck Bodin is a well-known profile in the Vietnamese aquaculture industry being the founder of the aquafeed company Tomboy, which was later acquired by Skretting.
BioMar Ecuador ramps up with four new lines for extruded feed
September 23 2021
BioMar Group today announces an ambitious plan for an expansion of the capacity for extruded feed in Ecuador. The two phased installation will bring a total of four new lines with a combined capacity of 200 000 tons at BioMar’s facilities in Durán.
BioMar reaches 1 million tonnes of salmon feed with microalgae
September 13 2021
This month BioMar hit a major sustainability milestone with the adoption of microalgae omega 3s into feed diets. Marine ingredients are a finite resource and by including microalgae in aquaculture diets we can help stabilise the pressure on fish stocks.
BioMar continues the steady growth and delivers solid results despite the pandemic. Both volumes sold and revenue went up in Q2 compared to 2020 while margins were challenged by a significant increase in raw material prices and logistic costs.
On the back of today’s launch of the BioMar 2020 Sustainability Report, we announce our 2030 Ambitions. We make a promise, to our planet and its people with a set of ambitious targets that will seek to aid in the restoration of our environment while enabling humanity to thrive. Two key areas are focused on the reduced impact of aquaculture feeds while the third will enable capacity building in our communities.
New RAS feed targets the bottleneck in marine nurseries
May 25 2021
BioMar announces a new RAS feed concept, LARVIVA ORBIT, that aims to improve the efficiency of marine nurseries. It will support an industry move of a prolonged time at hatchery for fry before they are transferred to sea. This will aid in the expected acceleration in the use of RAS technology in marine nurseries, and thereby support the development of hatchery businesses for marine fish species.
BioMar becomes a member of API, the Italian Aquaculture Association
May 20 2021
BioMar is happy to announce that the company has recently joined API – Associazione Piscicoltori Italiani, reinforcing its presence as a growingly trusted partner to the Italian fish farmers in the aquaculture sector.
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