MINNEAPOLIS and LIMBURGERHOF, Germany — Cargill Inc. and BASF Plant Science have announced a partnership to co-develop a new dietary source of omega-3 oils, according to a press release.
This next generation canola oil containing EPA/DHA will enable food, pharmaceutical and nutritional supplement manufacturers to deliver the potential health benefits of omega-3 fatty acids in a wide variety of new, cost-effective consumer products available by the end of the decade.
Growing consumer awareness of the health benefits of omega-3 is fueling double-digit growth for omega-3 products, the release stated.
BASF Plant Science foresees a total investment of more than $208 million.
“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.”