Veramaris beat over one hundred entrants to win a silver medal at the Best Microalgae Awards. The independent non-profit global competition involves judges from industries around the world. Its aim is to reward innovators and help highlight their work in the field of microalgae.
The award in the category of Sustainability and CSR Initiative asked for entries that could help “build pathways to a better future.” Veramaris won the silver medal for its sustainable natural marine algal oil, produced at a zero-waste, state-of-the-art facility in Nebraska, USA. Veramaris is the only winner operating in the field of aquaculture. The breakthrough innovation means the richest possible algal oil can be produced on a mass scale meaning it can be competitive on price with fish oil.
Award Lead at Best Microalgae Awards, Renaud d'Avout d'Auerstaedt, said that “Veramaris is an inspiration to the entire industry, showing that it is entirely possible to create a positive impact on our food systems at a massive scale. They have cracked the holy grail of producing the two limiting micronutrients in aquaculture, EPA and DHA omega-3 fatty acids, in truly unlimited amounts, which can help us to stop depleting the oceans.”
Karim Kurmaly, CEO of Veramaris, said that “our sustainable algal oil is a game-changer and an enabler towards a more sustainable aquaculture industry. This breakthrough innovation is our ability to produce the richest algal oil with the highest levels of EPA and DHA at the kind of scale that provides value for our customers and the sustainability of our oceans. We are delighted to receive this award from such a prestigious organization.”
The competition is organized by the European Algae Biomass Association. The original face-to-face awards ceremony was to be held in Reykjavik, Iceland but was postponed indefinitely because of COVID-19. Now finalists and runners-up will have the opportunity to present their pitches live to more than a thousand industry professionals at a meeting which will be held exclusively online.
