NEWS FEED & ADDITIVE MAGAZINE March 2022 7 ik's Nutrition & Care division. "We are securing our cash flow from the methionine business to finance our growth with system solutions in Nutrition & Care." The core of the methionine asset strategy are the three world-class production hubs: Mobile, Antwerp (Belgium) and Singapore. Together these hubs serve the expanding global market for DL-methionine. As part of the asset strategy, the smallest methionine plant at the German site in Wesseling was discontinued in 2021. At the same time the European MetAMINO® Verbund was strengthened by investment in intermediates at this site. The global methionine production hubs in Antwerp and Singapore are already fully backward integrated. This contributes – just like the present investment in Mobile – to improved supply security and a market-leading cost position. It also facilitates future and highly efficient debottlenecking over the next years. The investment is also a building block of the division's sustainability strategy: it will reduce the carbon footprint of DL-methionine from Mobile by about seven percent. More than 25,000 metric tons of CO2 equivalents can be saved each year. Methionine is used in livestock farming to feed animals healthily, efficiently, and sustainably. Nutreco and Holmøy Group to make strategic investments in Andfjord Salmon Nutreco, a global leader in animal nutrition and aquafeed, and Norwegian seafood group Holmøy, have agreed to invest in Andfjord Salmon, as part of an approximately $4.3 million private placement. Nutreco, a global leader in animal nutrition and aquafeed, and Norwegian seafood group Holmøy, have agreed to invest in Andfjord Salmon, as part of a NOK 38 million (approximately $4.3 million) private placement. In addition, Andfjord Salmon has entered into an operational feed supply agreement with Nutreco’s aquaculture business line, Skretting. Nutreco, with over 12,000 employees in 37 different countries, is a global leader in animal nutrition and aquafeed, with advanced nutritional solutions at the origin of food for millions of consumers worldwide. In Norway, Nutreco operates through its aquaculture business line, Skretting. Holmøy is a seafood group based in Vesterålen, North Norway. It is one of Norway’s largest players within whitefish and salmon. Holmøy group will invest in Andfjord Salmon through its fish farming company Eidsfjord Sjøfarm AS, which already owns 66,400 shares in Andfjord Salmon. Nutreco will invest NOK 20 million in Andfjord Salmon, while Eidsfjord Sjøfarm will invest NOK 8 million. In conjunction with investment, Andfjord Salmon has entered into a long-term, running strategic feed supply agreement with Skretting. The feed supply volume will be adapted on an ongoing basis to Andfjord Salmon’s production volumes of Atlantic salmon. Under the agreement, Skretting commits to supply a feed that is specifically tailored to Andfjord Salmon’s flow-through technology to ensure optimal water quality, fish welfare and growth conditions in the land-based pool.
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