BASF/Cargill to develop omega-3 oils
BASF Plant Science and Cargill have signed a multi-year research and commercialisation deal to develop new canola lines with increased levels of the omega-3 polyunsaturated fatty acids, docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA) . The project aims to improve shelf-stability and reduce costs for EPA/DHA canola oil. Products containing oils developed through the agreement are expected to be available by the end of the decade. BASF is expecting to invest more than €150 million ($208 million) in the project. The market for omega-3 oils is growing rapidly, the companies point out. They cite a market report claiming a $7,500 million global market in 2010, which is expected to grow by 15-20% annually until 2015.