UK-based Clean Food Group (CFG) has made headlines by acquiring Algal Omega 3’s assets, including a sizable fermentation facility in Knowsley. This move positions CFG as a potential leader in the production of sustainable oils, using yeast fermentation—a method that offers an eco-friendly alternative to traditional tropical oils.
Algal Omega 3 faced challenges earlier this year, struggling with high production costs and stiff competition. This resulted in the company appointing administrators. CFG’s acquisition not only rescues the facility but also enables it to expand rapidly. The 12-acre site in Liverpool, complete with research and development capabilities, presents ample growth opportunities.
Recently, CFG successfully produced two tons of oil in a fermentation run, demonstrating its ability to scale operations efficiently. This advancement minimizes the financial risks typically associated with new manufacturing setups. CFG can now provide sustainable oils and fats at competitive prices for various markets, including food, cosmetics, and pet care.
Bill Thurston, an industry veteran, will manage the Knowsley site. His extensive background in oils and fats will guide the facility’s operations and integration. CFG’s CEO, Alex Neves, expressed excitement about this acquisition, stating it allows for a quicker market entry without the long and costly development process usually required.
This shift comes at a pivotal time. The market for sustainable food products is booming, with estimates suggesting it could reach $20 billion soon. With CFG positioned to capitalize on this, it’s clear that their strategic acquisition may reshape the landscape of sustainable oil production.
In the broader context, sustainability in food production is gaining traction. According to a recent survey, 65% of consumers prioritize sustainable ingredients when choosing food products. Companies like CFG are not just responding to this demand; they are leading the way with innovative solutions that meet consumer needs while addressing environmental concerns.
For more information on sustainable food practices, check sources like FAO and recent industry reports from leading market research firms. This acquisition positions CFG not only as a leader in production but as a key player in the global trend towards sustainability.
