The Future of Fish Feed announced today that Guangdong Evergreen Feed Industry Co. is the winner of the F3 (Fish-Free Feed) Challenge, a contest to develop and sell the most fish-free feed for aquaculture during a sixteen-month sales challenge. The $200,100 grand prize was presented to Evergreen Feed Company during a special ceremony on Oct. 4 at the Global Aquaculture Alliance’s GOAL 2017 conference in Dublin, Ireland.To offset volatility in supply and rising costs for fishmeal, aquaculture operators have been seeking nutritionally equivalent alternatives to wild-caught forage fish, such as sardines, anchovies and menhaden, as a main ingredient in fishfeed.With the development and widespread acceptance of their proprietary “fish-free” fishfeed blend by customers, Evergreen Feed Co. has emerged as a market leader in cost-competitive alternative feeds for tilapia and carp, which are the top two farm-raised fish in the world by volume. Evergreen Feed Co. distributes its fish-free feed in China, Vietnam, Iran and Indonesia.“The most important sustainability issue facing aquaculture is the feed issue,” Guangdong Evergreen Feed Industry Co. President Chen Dan said in a statement. “Global wild fisheries resources are currently being depleted to alarming levels and our oceans may be empty soon if we don’t do anything to stop overfishing and reduce the pressure on wild-fish stocks.”Worldwide demand for aquaculture feeds is expected to grow 6-8% per year, which offers a significant growth and investment opportunity for global animal feed companies.“The global F3 contest is playing a critical role in promoting innovative and sustainable feed ingredients as substitutes to fishmeal and fish oil for the aquaculture industry and releasing the dependence of aquaculture on forage fisheries. With F3 feeds, farmers can produce fish regardless of the status of wild-caught stocks,” he added.Over 120,000 metric tons of fish-free feed was sold by the global participants of the F3 (Fish-Free Feed) Challenge since the sales contest to encourage innovation of alternative ingredients for aquafeeds launched in May 2016. The amount of fish-free aquafeed sold during the 16-month contest is estimated to have saved over 120 million forage fish from being used as fishfeed.

“We are pleased to award Evergreen Feed Industry the F3 prize to acknowledge its hard work and dedication to the widespread adoption of fish-free feed,” said University of Arizona Professor Kevin Fitzsimmons, a judge of the challenge and former president of the World Aquaculture Society, during the award ceremony. “Thanks to the great effort and commitment made by all the contestants, I’ve seen more progress made over the past 18 months to advance fishmeal alternatives than over the last five years.”“It is important that F3 feeds are competitively priced,” said Chen. Evergreen Feed Industry Co., sold 84,691metric tons of their fish-free feed during the contest, which is currently 7-10% cheaper than conventional fish-based feeds.The team comprised of Myanmar-based Htoo Thit Co. and global animal nutrition company Biomin placed second with 34,600 metric tons, and in third place was Oryza Organics with 1,661 metric tons of fish-free feed sold.During the award ceremony, Hank Paulson, former U.S. Treasury Secretary and chairman of the Paulson Institute sent a special congratulatory video message to all involved in the F3 Challenge in which he said, in part, “the world needs creative, innovate solutions to live-caught fish stocks. This is a very important dimension to food security and it’s very important to making the world a more environmentally sound, prosperous and safer place for our children and grandchildren for years to come.”In a separate video message to the F3 Challenge participants, Henk Rogers, owner of the world’s best-selling video game Tetris and founder of the Blue Planet Foundation, said “please don’t stop, continue to innovate, do whatever it takes, we depend on you.”In addition, two honorable mentions were given to the Agriprotein/Abagold and the TwoXSea/Star Milling Co./Alltech,/TerraVia teams who innovated at the frontier of technology by creating feeds for a carnivorous species - trout.Launched at GOAL 2015 in Vancouver, Canada, the contest challenged aquafeed producers to produce and sell 100,000 metric tons of feeds that do not contain marine animal meal or oil, or be the company closest to the target, by the contest end date. The challenge was intended to spark innovation in the aquafeed industry to develop viable, cost-competitive aquafeeds free of fishmeal and fish oils to reduce the pressure on wild-caught fish to supply aquaculture fishfeed components and help meet growing demand for fish in the future.In Dublin, the F3 Team also officially launched a new contest last month to innovate a fish oil alternative that doesn’t rely on wild-caught fish. The F3 Fish Oil Challenge will award a $100,000+ prize to the company or team that makes and sells the most fish-free “fish oil” to aquaculture operations or feed manufacturers.The University of Arizona, University of Massachusetts Boston, Synbiobeta, Anthropocene Institute and The World Bank are sponsoring the contest that aims to both support and streamline the aquaculture feed supply chain. Learn more and register for the new F3 Challengeat: www.f3challenge.org.# # #Media Contact:Annie ReisewitzStrategic Ocean Solutionsannie@healthyocean.com858-228-0526 (mobile)