Skretting Australia and Australian insect meal producer Goterra signed a partnership to include Australian insect meal in aquafeeds.
Skretting Australia is working with Goterra to explore opportunities to validate this material in local aquaculture species. “We are very proud to work with Goterra to unlock this new local protein source to help scale up this emerging technology,” said Rhys Hauler, marketing manager, Skretting Australia.
“Our desktop analysis shows that Goterra’s insect meals have great potential to be used as a source of protein in our aquafeeds,” said Hauler. “We are constantly looking for new low-cost, low-footprint ingredients to increase our raw material flexibility. Goterra insect meals offer the potential to deliver on both of these fronts. We see these materials as not only safe and sustainable but also of a quality that protects the end product, maintaining the nutritional benefits consumers have come to expect from high-quality seafood.”
Olympia Yarger, CEO and founder of Goterra, said, that “these are the partnerships that stabilize the foundation of a circular economy. Global business with regional inputs ensures stability of production, and sustainability of inputs and ensures that Australian agriculture continues to deliver high-quality produce with feed produced right here in Australia. I could not be more proud to embark on this next stage of our journey.”
Yarger referenced the alarming food production shortfall figures, forecasted to be 56% by 2050, highlighting the urgent need for food/feed producers to follow in Skretting’s sustainable footprints and find alternative sources of protein. "Collaborating with our offtake customers like Skretting contributes towards their ambitious ESG targets whilst also closing the loop of this circular value chain."
This partnership boosts Goterra's growth trajectory in Australia, Yarger said. "Circular economies need both clean, source-separated inputs as well as long-term, economically sustainable, offtake markets. This collaboration realizes the circular economy sustainably,” it said.
