Agreement signed for Calysseo’s FeedKind® Aquafeed Project, China

Calysseo, a joint venture between companies Adisseo and Calysta is set to build their first commercial-scale plant in Chongqing's Changshou district, China. This marks an important milestone for their Feedkind® project, and acts as a great opportunity to develop business supplying aquafeed ingredients in Asia – which represents 70 percent of the global market.

FeedKind® protein is an economical, safe, healthy, nutritious and traceable protein source, an innovative solution to the growth of aquafeed. The first phase of the FeedKind® facility has been designed to produce up to 20,000 tons and will be operational by 2022. Following the completion of the first phase, a second phase investment will be made to add another 80,000 ton capacity.
 

Hao Zhigang, chairman of Bluestar Group and Adisseo
Image credit: Adisseo

Following the set-up of Calysseo in February 2020 aimed at developing a major business supplying aquafeed ingredients Feedkind®, Adisseo has announced that on June 20th an agreement has been signed with all involved parties allowing settlement of the first Calysseo production facility in Chongqing.

This signing is a result of the two company's commitment to increase investment in China and pursue aqua feed opportunities in Asia. Despite difficulties resulting from COVID-19 pandemic, the project has continuously progressed with support from all parties, thus enabling the successful signing ceremony convened in the form of cloud meeting. The meeting was attended by representatives from all parties including officials from Chongqing municipal and Changshou District government in Chongqing, representatives from China Bluestar Group in Beijing, Calysta in the US and in Shanghai, as well as from Adisseo in Paris and in Shanghai.

At the ceremony, Zheng Xiangdong, the Deputy Mayor of Chongqing, on behalf of Chongqing government and Changshou Region, extended his warm welcome and sincere gratitude to Bluestar Group, Adisseo and Calysta for choosing Changshou Region as the home of FeedKind® production facility.

He said that he believed the project's settlement in Changshou Region will contribute to the transformation and upgrade of natural gas chemical industry in Chongqing and Changshou Region and further reinforce China's leading position in the biochemistry industry in the world.

Zhao Shiqing, Party Secretary of Changshou District also expressed that Changshou District is committed to further deepening the reform of 'regulation and service', in striving to create a market-oriented, law-based and internationalised business environment.

Hao Zhigang, chairman of Bluestar Group and Adisseo, commented, 'I was delighted to join the investment signing ceremony, which marks another key step for the rollout of Adisseo business diversification strategy as well as its China development strategy. I would like to, on behalf of Adisseo and all our business partners, express our gratitude to Chongqing and Changshou governments, for all the support extended to the project.'

He continued, 'Adisseo and Calysta, have very high expectations of this project. It is a major strategic investment for us. Being the controlling shareholder of Adisseo, we will continue to give our strongest support to Calysseo in building the first high-tech, safe and environmentally friendly manufacturing unit for FeedKind® in Chongqing. On the business front, Adisseo is already developing and marketing high-quality feed additives for aquaculture and now is moving into a new dimension with FeedKind®. Today's announcement brings us another step closer to realising our ambition and we are delighted by the ambition and support of our partners in this. We believe that project will be successfully completed and put into operation, and will rapidly realise its returns, bring real benefits to consumers and provide more innovation capabilities for the industry.'

Visit the Adisseo website, HERE.

The Aquaculturists

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