USA—Green Plains will produce trout and salmon feeds, utilizing wholesome, sustainable ingredients for Riverence Holdings LLC in new partnership set to expand aquafeed production in Idaho, in a joint venture anticipated to become operational in 2023.
Green Plains is an innovative producer of Ultra-High Protein and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein.
Additionally, it will be supplying Riverence with its 60%+ fermented protein product, announced after the success of the development trial at Green Plains Wood River.
Riverence Holdings LLC and its subsidiaries are a group of privately-owned aquaculture companies based in Idaho and Washington. collectively they are the largest producers of trout in the Americas.
As breeders and farmers of trout and salmon and thought leaders in the aquaculture space, the Riverence Group is helping to redefine seafood sustainability and security in the USA.
“This partnership is yet another validation of our transformational path, creating a portfolio of innovative ingredients tailored to meet specific customer needs,” said Todd Becker, President and Chief Executive Officer of Green Plains.
Green Plains contributed capital and supplied key ingredient services and the Riverence Group contributed existing assets and a feed offtake agreement. Thereby, it supports its production, helping to meet the rapidly growing consumer demand for aquaculture in North America.
Green Plains will use its biorefinery platform and innovation center network to continuously improve the sustainable ingredients it creates through fermentation.
It will be focusing on the removal of anti-nutritional elements and continuously improving the biological utilization of unique plant-based proteins and yeasts.
“We are eager to realize the value this collaboration brings to both partners. Using our low-carbon ingredients in Riverence’s feeds can help them achieve their goal of using sustainable, domestically produced plant-based ingredients,” added Becker.
Finally, Leslie van der Meulen, Executive Vice President, Product Marketing and Innovation of Green Plains concluded that this partnership will allow for end-to-end innovation.
Adding that the venture will bring ingredient production and fish farming together, and in doing so, create better feeds and fish.
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