NEWS 74 FEED & ADDITIVE MAGAZINE July 2022 Almarai Company, the largest dairy company in MENA region, approved a new investment plan to enter the seafood sector, with an initial investment of 252 million riyals (around USD 67 million). The Board of Directors of Almarai Company, at its meeting held on June 13, 2022, approved an investment plan to enter the seafood sector, with an initial investment of 252 million riyals (around USD 67 million). At the same meeting, the Board approved an investment of 153 million Saudi riyals (around USD 41 million) to secure parent poultry birds supply for Almarai and the Kingdom of Saudi Arabia market. “The plan to enter the seafood sector includes establishing industrial facilities for processing seafood and high-quality products. which will be financed internally from the company’s operating cash flows after obtaining the necessary approvals from the regulatory authorities. The company in this new sector will expand Almarai’s product offering and contribute to the food security plan”, said Abdullah bin Nasser Al-Badr, CEO of Almarai Company. In December 2021, Almarai announced the approval of an investment plan in the red meat sector, allowing the company to provide high-quality local meat that matches their choices and preferences. Almarai approves plans to enter seafood sector The European Compound Feed Manufacturers’ Federation (FEFAC) released its new publication on “Circular Feed – Optimised Nutrient Recovery through Animal Nutrition”. The publication showcases the European feed industry's practical interpretation and illustration of the circular feed concept, providing current day examples of how the sector contributes to recovering nutrients from the circular economy. FEFAC invites regulators to proceed with a systematic review of legislative bottlenecks in the EU regulatory framework which currently restrict a higher level of circularity in EU food systems through innovative animal nutrition solutions. “The upcycling of nutrients through farm animals, converting secondary raw materials to highly bioavailable nutrients for human consumption, is an important part of our license to produce as European feed manufacturers,” says FEFAC President Asbjørn Børsting,” commenting on the publication. FEFAC points to the essential need to obtain market and consumer acceptance of the future transition of European feed manufacturing, assisting the livestock and aquaculture sectors to become part of more circular, low-carbon food production systems. FEFAC also advocates for setting up a clear hierarchy for nutrient-rich biomass, prioritising the food chain use of nutrients over non-food use. FEFAC members are highly concerned about financial incentives and policy pressure to boost bioenergy production, which in certain cases causes valuable residual biomass flows to be lost from the food chain to energy production. FEFAC releases new publication on circular feed Abdullah bin Nasser Al-Badr
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