Cargill, BASF to Develop Omega-3 Canola Oil
MINNEAPOLIS—Cargill and BASF Plant Science entered into an agreement to co-develop canola oil containing EPA/DHA omega-3 polyunsaturated fatty acids. The products generated through the collaboration will address two key issues facing companies seeking to broadly deliver omega-3s to global consumers: shelf stability and cost.
"This partnership supports Cargill's objective of providing the healthiest oils to our customers and consumers globally," said Jenny Verner, president, Cargill Specialty Canola Oils. "By addressing stability and cost, we are confident that EPA/DHA canola oil will be embraced by food, pharmaceutical and nutritional supplement manufacturers globally."
"Both BASF Plant Science and Cargill believe that the market for omega-3s is very attractive long-term and that this co-development and commercialization partnership will create value for our customers and both companies," said Marc Ehrhardt, senior vice president, BASF Plant Science. "The combination of BASF's innovative technology and Cargill's leading position in the global supply chain for canola oil will make EPA/DHA canola oil-based products broadly accessible to consumers globally."