Foods

Microalgae: a sustainable upstream activity

  • Sectors : Foods
  • Companies : DSM-Firmenich | Corbion

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Corbion NEUTRAL 29/04/11 Outperform 01/09/10 2688c
DSM-Firmenich OUTPERFORM 11/02/15 Neutral 16/07/14 9706c

DAVY VIEW

The evolution of feed composition in aquaculture has led to a steep decline in Omega-3 levels in farmed salmon. This has catalysed the emergence of sustainable and novel high Omega-3 ingredients with an estimated market potential of c.$2bn. Corbion and DSM are on a pathway to commercialising viable algae-based alternatives. We believe this is not a winner-takes-all opportunity. While not without challenges (price, efficacy, yield), we are optimistic that both projects can generate value for shareholders.

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Mar 29 2019, 07:40 GMT

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