BASF Spends More On Omega-3 Acids | Chemical & Engineering News
Volume 90 Issue 51 | p. 18 | Concentrates
Issue Date: December 17, 2012

BASF Spends More On Omega-3 Acids

Department: Business
Keywords: omega-3 fatty acids, fish oil, nutrition

BASF is putting close to $30 million into a fish oil extract company that it acquired in Scotland earlier this year. The firm, Equateq, makes highly concentrated omega-3 fatty acids for the pharmaceutical and dietary supplement industries. Employment has increased 22% to 52 since the acquisition, the companies say, and 90 more jobs could be added through future expansion. Last month BASF agreed to purchase Pronova BioPharma, a Norwegian producer of omega-3 fatty acids from fish oil, for $850 million.

 
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