ADM enters into omega-3 market with partnership on algal DHA ingredient
Greg Dodson, Archer Daniel Midland (ADM) Company Manager of Food and Wellness, said the company is impressed on the strategy that turns commercial opportunities into realities. This impression led ADM to enter into omega-3 market making itself the first in the animal feed markets. The move into the omega-3s space and a deal with privately held synthetic-held Synthetic Genomics will develop an Algal DHA ingredient. Heterotropic Algae production is pricey, says ADM, but demand for resulting ingredient can enhance its current portfolio of nutritional ingredients. This is the first ingredient partnership ADM has entered into.
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