Omega 3 oil production plant. (Photo: Golden Omega/FIS)
Environmental approval for omega-3 concentrate plant
Wednesday, November 09, 2011, 03:10 (GMT + 9)
The Commission for Environmental Assessment (CEA) authorized Golden Omega company to build a plant to produce and trade omega-3 fatty acid concentrates that derive from fish oil at international nutraceutical and pharmaceutical markets.
This by-product of industrial fishing is traded in a market that handles about USD 1,500 million annually.
The CEA gave its approval to the Environmental Impact Statement (EIS) submitted by the firm to expand its facilities around 1,600 square metres in ‘Las Pesqueras’ sector.
The initiative is led jointly by Empresas Copec, through its subsidiaries Orizon and Corpesca, and the chemical company Härting.
According to the information released by Diario Financiero, the plant will require the investment of USD 60 million.
"This project, which is unprecedented at national level, represents a leap for the Chilean fishing industry on moving from unprocessed raw materials to the development of high-added-value products, combining applied scientific knowledge and cutting-edge technology," says Joaquin Cruz, general manager of Golden Omega.
The main objective of the project initiators is to turn the country into a leader in the manufacture of these acids.
Moreover, the idea is that it becomes an example of "the fact that creating value through research, development and innovation is key to increasing competitiveness not only in the fisheries sector, but also in the country at large," he added.
By Analia Murias