Melbourne-based Nufarm Ltd is a pioneer and leader in development of Agricultural technologies and offers a range of crop protection and seed technology solutions. The company’s annual report for the YE 30 September 2022 reports a research and development expenditure of $51M.
In recent years Nufarm Ltd (via its subsidiary entity Nuseed), has invested in the development of Aquaterra® as a partial replacement for marine ingredients. While plant-based protein alternatives to fish meal have been available for years, a market accessible alternative to fish oil had been out of reach. Aquaterra® is the world’s first land-based source of long-chain omega-3 fatty acids, produced by Nuseed to deliver the nutritional benefits of microalgae via its proprietary Omega-3 Canola. The biotechnology for Nuseed’s novel source of omega-3 nutrition was developed in collaboration with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Grains Research and Development Corporation (GRDC).
The project could potentially address opportunities around:
A recent article in The Australian newspaper has highlighted that:
Other leading companies including Blackmores Ltd have previously expressed concerns around supply of conventional fish oil, and Nufarm Ltd’s plant-based fish oil substitute could become an Australian innovation success on the global stage.