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Firms strike fish feed ingredient distribution deal

The two companies will distribute the new ingredient to aquaculture sector.

Heliae and Syndel said last week they signed an exclusive distribution agreement to supply a new feed ingredient, Nymega, to the aquaculture sector.

The new partnership "creates new opportunities to bring algae products to aquaculture feed formulation," said the companies.

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"Nymega is a DHA-rich algae that provides a precision tool for targeting DHA levels in feed," said Len Smith, chief business officer at Heliae. "Nymega's simple profile allows formulators to target specific DHA content ... at a price that is finally affordable."

The product will be available early this year pending regulatory approval.

Washington-based Syndel develops aquaculture chemical and pharmaceutical products and Arizona-based Heliae is an algae production technology company.

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