NEWS FEED & ADDITIVE MAGAZINE March 2022 15 The distribution of Bioiberica's Palbio™ range through Mill Tech Co., Inc. in South Korea has been approved after fulfilling stringent regulatory requirements. Spain-based Bioiberica, a global Life Science company committed to improving the health and well-being of people, animals and plants, announced a new strategic agreement with Mill Tech Co., Inc. for the exclusive distribution of its hydrolysed protein range for animal nutrition, Palbio™, in South Korea. The agreement comes after the successful fulfilment of rigorous export requirements to the country, enabled by Bioiberica’s robust production process, which ensures the biosecurity of its entire animal nutrition portfolio. This move marks a milestone in the companies’ long-standing strategic partnership, solidifying their collective offering in South Korea. The companies have been working together for several years to distribute Bioiberica’s Nucleoforce™ range, used to support the immunological and intestinal health of farm animals and aquaculture species. Palbio™ 50 RD is now authorised for distribution in more than 40 countries, including the recent addition of South Korea. It is a safe source of high-quality hydrolysed proteins in the form of L-α-amino acids and bioactive peptides. Palbio™ 50 RD have been shown to positively affect the intestinal health of young animals, improving digestion and feed intake to ensure productive improvements in pig, poultry, and fish. “A strategic market for Bioiberica, South Korea has some of the highest regulatory standards for animal nutrition products. As such, only the highest quality products are eligible for sale in the country,” says Joan Bassa, Business Units Director of Heparin Science, Animal Nutrition and Plant Health at Bioiberica. Dr. HB Lee, CEO of Mill Tech Co. Inc. adds: “We’re delighted to have expanded our partnership with Bioiberica, working together to bring Palbio™ to the South Korean market. We are convinced that our customers’ needs will be more than met through Palbio™, thanks to its primary effects in animals, as well as the value delivered via its assured biosecurity.” Bioiberica has new animal nutrition partnership in South Korea ment is grown sustainably using renewable energy and waste heat from another nearby factory. Next year, Volta Greentech is planning to build its first large-scale seaweed factory - Volta Factory 02 - with a planned production of 50 tonnes of the feed supplement per year. Further capital will be raised during the year for building the next factory as well as for research and development. “The 1.5 billion cows on the planet produce 5 percent of global greenhouse gas emissions, twice the amount of the world’s airplanes. We have now shown that our seaweed has the potential to reduce a large part of those emissions. The market potential and the impact we can achieve with this solution is huge,” says Volta Greentech CEO and co-founder Fredrik Åkerman. The greenhouse gas methane is 28 times more potent than CO2 at a 100-year time horizon. At COP26, more than 100 countries signed the Global Methane Pledge to reduce 30 percent of methane emissions by 2030. For many countries, reducing emissions from cattle may hold the greatest potential to reach that target.
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