Issue Date: December 17, 2012
BASF Spends More On Omega-3 Acids
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.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society