BASF and NPC join forces to cooperate on algae technology. (Photo Credit: NPC)
Prawn company and BASF sign deal to work in algae together
Friday, July 12, 2013, 03:50 (GMT + 9)
Al-Laith-based National Prawn Company (NPC) and German firm BASF have inked a deal to collaborate in the field of algae technology, encouraged by their extensive experience in this arena.
Since the 1980s, National Prawn Company has cultivated knowhow and expertise in designing, building and operating a large system of man-made-lakes to farm high-quality prawns. NPC is also creating research programmes on new algae species and sponsorships aquaculture projects worldwide.
Meanwhile, BASF is the global leader in technologies related to growing and harvesting algae in open-lake-systems and in subsequent processing of the algae biomass into products used in beverages and dietary supplements.
Further reasons to consider the collaboration in Saudi Arabia is important include the fact that the climatic conditions of the Red Sea desert coastline of Western Saudi Arabia perfectly meet the environmental needs of sea-water algae and promote their growth.
“The signed contract is marking once more the ability of Saudi Companies to be equal partners with World Class enterprises like BASF. It also shows that we are capable of offering solutions for domestic and global needs,” said NPC`s chairman Sulaiman Bin Abdul Aziz Al Rajhi.
“We are looking forward to a long cooperation with BASF, the world’s leading chemical company,” he added.
Michael Ceranski, Senior Vice President of BASF`s Human Nutrition business unit, said the partnership helps meet BASF’s ambitious goals of meeting and anticipating future needs in the market segments of food, beverages and dietary supplements, while also enhancing nutrition quality and promoting technological innovations.
“Within these ambitious goals new partnerships like the collaboration with National Prawn Company are fundamental for us: NPC gives us access to more biomass from algae and to use and leverage the all-year non-changing climate conditions in Saudi-Arabia,” he stated.
Eng Ahmad Rasheed Al-Ballaa, Managing Director of National Prawn Company, also expressed his enthusiasm about the collaborative venture.
“We are very pleased and proud that National Prawn Company and BASF have succeeded in establishing this cooperation, bringing together the best of both companies to create a unique aquaculture project,” he added.
NPC’s products are marketed domestically as well as in some 30 countries in the world, including the UK, Spain, Italy, Japan, Korea, US, China and Australia.
By Natalia Real