10.23.12
Avoca, Inc. and Olympic Seafood AS have formed a joint venture to produce krill oil, allowing for a guaranteed supply of krill oil to the steadily growing market. The new venture, called Rimfrost USA, LLC, combines Olympic Seafood’s production of raw krill material with Avoca’s extraction technology.
“This venture will enable us to produce in the range of 600 tons of krill oil per year, which is equal to the estimated current annual worldwide demand,” said David Peele, president of Avoca. “It ensures our customers are receiving an extremely high quality krill oil, extracted in a cGMP facility, with traceability from krill that are collected in an environmentally sustainable manner.”
Managing Director of Olympic Seafood, Bjørnar Kleiven, reflected Dr. Peele’s statement, adding: “We are very excited to begin a joint venture with Avoca. We are now able to increase our production capacity and supply of top quality krill oil to customers worldwide. Avoca has the extensive background and technologies necessary to extract krill oil to RIMFROST standards with their cGMP facility.”
Avoca has been extracting krill oil for the last two years, but recently saw a spike in demand. Olympic Seafood focuses exclusively on Antarctic krill ingredients. Olympic operates on the Antarctic Ocean with its own specialized krill-collecting vessel, Juvel. The fishing and extraction operations allow total vertical integration which will produce a secured supply of krill material. The immediate on-board processing of fresh krill is done at low temperatures, using patented technology, to provide high quality raw material. The raw material allows production of krill oil with low oxidation and exceptional quality properties.
In addition to the processing on-board the Juvel, Olympic Seafood is proud to have recently received “Friend of the Sea” certification for its krill collecting operation, which ensures the highest possible standards in traceability and sustainability.
“This venture will enable us to produce in the range of 600 tons of krill oil per year, which is equal to the estimated current annual worldwide demand,” said David Peele, president of Avoca. “It ensures our customers are receiving an extremely high quality krill oil, extracted in a cGMP facility, with traceability from krill that are collected in an environmentally sustainable manner.”
Managing Director of Olympic Seafood, Bjørnar Kleiven, reflected Dr. Peele’s statement, adding: “We are very excited to begin a joint venture with Avoca. We are now able to increase our production capacity and supply of top quality krill oil to customers worldwide. Avoca has the extensive background and technologies necessary to extract krill oil to RIMFROST standards with their cGMP facility.”
Avoca has been extracting krill oil for the last two years, but recently saw a spike in demand. Olympic Seafood focuses exclusively on Antarctic krill ingredients. Olympic operates on the Antarctic Ocean with its own specialized krill-collecting vessel, Juvel. The fishing and extraction operations allow total vertical integration which will produce a secured supply of krill material. The immediate on-board processing of fresh krill is done at low temperatures, using patented technology, to provide high quality raw material. The raw material allows production of krill oil with low oxidation and exceptional quality properties.
In addition to the processing on-board the Juvel, Olympic Seafood is proud to have recently received “Friend of the Sea” certification for its krill collecting operation, which ensures the highest possible standards in traceability and sustainability.
