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FeedKind® Aquafeed Project with Calysseo settled in Chongqing

Paris, France (30 June, 2020) The first commercial-scale new plant in the world fully-funded through the Calysseo joint-venture between Adisseo and Calysta will be built in Chongqing’s Changshou district, an important milestone for Feedkind® project.

It will develop a major business supplying aquafeed ingredients in Asia with a market size of USD28 billion, representing 70% of world market.

FeedKind® protein is an economical, safe, healthy, nutritious and traceable protein, which provides innovative solutions for the growth of aquafeed products. The project will be the very first commercialized FeedKind® facility in the world, with the 20,000 ton capacity first phase expected to go into operation by 2022. Once the first phase project runs successfully, it will be followed by a second phase investment, adding another 80,000 ton capacity, which will allow a prompt market penetration with a potentially rapid expansion in Asia market to build a profitable and sizable business opportunity for all parties.

Adisseo announced the location during a signing ceremony. This reflects the company’s commitment to increase its investment in China and pursue aqua feed opportunities in Asia. Despite difficulties resulting from COVID-19 pandemic, the project has continuously progressed with support from all parties, thus enabling the successful organization of the signing ceremony convened in the form of cloud meeting attended by representatives from all parties including officials from Chongqing municipal and Changshou District government in Chongqing, representatives from China Bluestar Group in Beijing, from Calysta in US and in Shanghai, from Adisseo in Paris and in Shanghai.

On the ceremony, Zheng Xiangdong, Deputy Mayor of Chongqing, on behalf of Chongqing government and Changshou Region, extended his warm welcome and sincere gratitude to Bluestar Group, Adisseo and Calysta for choosing Changshou Region as the home of FeedKind production facility. He believes the project’s settlement in Changshou Region will contribute to the transformation and upgrade of natural gas chemical industry in Chongqing and Changshou Region and further reinforce China’s leading position in the biochemistry industry in the world. Zhao Shiqing, Party Secretary of Changshou District also expressed that Changshou District is committed to further deepen the reform of “regulation and service”, strive to create a market-oriented, law-based and internationalized business environment, and vigorously support the project implementation and future development and operation by relying on the established chemical giant enterprises with a mature industrial ecosystem.

Hao Zhigang, chairman of Bluestar Group and Adisseo, said, “I was delighted to join the investment signing ceremony, which marks another key step for the rollout of Adisseo business diversification strategy as well as its China development strategy. I would like to, on behalf of Adisseo and all our business partners, express our gratitude to Chongqing and Changshou governments, for all the support extended to the project.”

He continued, “Adisseo and Calysta, have very high expectation on the project. It is a major strategic investment for us. Being the controlling shareholder of Adisseo, we will continue to give our strongest support to Calysseo in building the first high-tech, safe and environmentally friendly manufacturing unit for FeedKind® in Chongqing. On the business front, Adisseo is already developing and marketing high-quality feed additives for aquaculture and now is moving into a new dimension with FeedKind®. Today’s announcement brings us another step closer to realizing our ambition and we are delighted by the ambition and support of our partners in this. We believe that project will be successfully completed and put into operation, and will rapidly realize its returns, bring real benefits to consumers and provide more innovation capabilities for the industry.”

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June 30, 2020

Adisseo and Calysta establish a Joint-Venture to commercialize FeedKind®, an innovative feed solution for aquaculture.

Menlo Park, CA (20 February, 2020) Bluestar Adisseo Company (Adisseo), a world leader in feed additives for animal nutrition, and the world’s leading alternative protein producer, Calysta, today signed an agreement to establish a joint venture named Calysseo to develop FeedKind®, an innovative feed solution for aquaculture, and to provide exclusive supply for Asian markets.

The strategic partnership will also see the construction, in China, of the world’s first commercial FeedKind® production facility, with the first phase expected to start operating in 2022, delivering 20,000 tonnes of FeedKind® protein per year.

Great opportunity to develop a major business supplying aquafeed ingredients in Asia with a market size of USD28 billion, representing 70% of world market.
• Establishment of a 50/50 Joint Venture between Adisseo and Calysta to build production facilities and to address the Asian market on an exclusive basis.
• World’s first FeedKind production facility to be built with 20,000 tonnes of capacity to come online in 2022. A second step will bring an additional 80,000 tonnes of capacity.

Jean-Marc Dublanc, CEO of Adisseo, stated: “Adisseo is committed to strategic investments in new disruptive technologies. Our ambition is to become one of the leaders in sustainable feed ingredients and additives for aquaculture across the Asian markets.

“For this reason, we have been investing significantly to develop an aqua lab station in Singapore, fully dedicated to developing innovative and sustainable feed solutions for aquaculture.

“With this joint venture, we are investing further in a strategic collaboration, combining the agility of a start-up with Adisseo’s expertise to enable Adisseo to become a major contributor to food safety and sustainability in Asia via innovation.”

Thomas JG Huot Ph.D., Chief Operating Officer of Calysta, said: “Adisseo is one of the world’s leading feed additive companies and this exciting new partnership with Calysta marks a significant moment in the FeedKind story.

“Today’s announcement means we are now making the transition from a tremendously exciting idea to one that will deliver truly world-scale impact, making food supply chains more resilient, and making them far more sustainable in the process.”

The rapidly growing world population and the increased demand in Asia for animal protein offers great opportunities to the aquaculture sector, as well as the requirement to meet environmental objectives.

The global aquaculture market is experiencing strong growth and is expected to become the third largest animal protein source, with the production representing more than 100 million tonnes.

Through this strategic partnership, Adisseo is tackling one of the key challenges faced by the aquaculture industry – to provide high quality seafood without adding extra pressures to the environment.

FeedKind® is made using very little water and no agricultural land by fermenting natural gas, an abundant source of energy, to create a safe, nutritious, traceable and affordable protein.

Produced via a natural fermentation, it is a safe, healthy, traceable and nutritional protein that is price competitive with existing sources of protein and produced to the highest quality standards.

This will also contribute to reduce pressure on wild fisheries and respond to the projected growth for aquaculture products.

The second phase of the partnership will add a further 80,000 tonnes of capacity to the site, allowing for extended market penetration leading to further development to follow customer demand.

Jean-Marc Dublanc added: “Adisseo looks forward to developing this partnership with Calysta, as this innovative technology will support and accelerate the development of its business in aquaculture while providing additional opportunities to tackle the dual challenge of meeting the world’s need for healthier, safer, affordable and sustainable food for tomorrow while at the same time contributing to protect the planet’s resources.”

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About Adisseo
Adisseo is one of the world’s leading experts in feed additives.

The group relies on its 10 research centres and its production sites based in Europe, USA and China to design, produce and market nutritional solutions for sustainable animal feed. With more than 2,200 employees, it serves around 3,900 customers in over 110 different countries through its global distribution network.

Adisseo is one of the main subsidiaries of China National BlueStar, leader in the Chinese chemical industry with nearly 21,500 employees and a turnover of 9.3 billion USD.

Adisseo is listed on the Shanghai Stock Exchange.
www.adisseo.com

Contact Adisseo:
JV Director: Pierre Casamatta pierre.casamatta@adisseo.com
Communication Director: Patrick Settelen Patrick.settelen@adisseo.com

About Calysta
Calysta, Menlo Park, CA, is a biotechnology company working towards a future where the world’s growing population has guaranteed food security. Calysta’s aim is to make more from less by fermenting natural gas to create new food products, creating sustainable, high value nutritional ingredients that don’t interfere with the human food chain.

FeedKind®, is made using very little water and no agricultural land by fermenting natural gas, an abundant source of energy, to create a safe, nutritious, traceable and affordable protein. Produced via a natural fermentation, it is non-GMO, price competitive with existing sources of protein and produced to the highest quality standards. FeedKind has been commercially validated through extensive customer trials in aquaculture, agriculture and pet food.

Contact Calysta:
Natalie Buxton NBuxton@webershandwick.com
Steven Flanagan SFlanagan@webershandwick.com

Calysta appoints Thomas Huot, Ph.D. as Chief Operating Officer to lead global operations, corporate strategy and commercialization

Menlo Park, CA (12 February, 2020) — Leading alternative protein producer Calysta has appointed Thomas JG Huot, Ph.D. as its Chief Operating Officer to lead global operations and corporate development activities. Additionally, Dr. Huot is responsible for corporate strategy and the commercialization of Calysta’s FeedKind® protein.

Dr. Huot brings more than 20 years of experience in research in biological sciences, venture investing, project financing and strategic partnerships, including a significant focus on industrial biotechnology, specialty chemicals and nutrition.

Prior to joining Calysta, he had previously been with VantagePoint Capital Partners, a global venture investor with a focus on energy innovation and technology that had more than $4bn under management. At VantagePoint, Dr. Huot was a Managing Director where he led the industrial biotechnology, food and agtech investing practice. Thereafter, Dr. Huot provided strategic advisory services to start-up companies and investment funds in the life sciences and nutrition sectors for Novalis Advisors LLC. It was here he first learned of Calysta and its pioneering sustainable, traceable protein, FeedKind®, and after a year of advising the company with its commercialization and partnership strategy, in 2018, Calysta appointed Dr. Huot as Chief Business Officer.

Dr. Huot said: “With FeedKind protein, Calysta is well positioned to address the dual challenge of food security and environmental sustainability. I’m delighted to have joined at a particularly exciting time in the company’s trajectory.

“I’m looking forward to expanding Calysta’s innovations to broader markets, particularly in Asia where there is significant opportunity to provide feed products for aquaculture.”

Alan Shaw, Ph.D., Calysta President and CEO, said: “Thomas brings a wealth of directly impactful experience, knowledge and network of customers, partners and investors to Calysta and has been an invaluable addition to the team.

“We strongly believe that FeedKind protein will make a lasting and positive impact on the way we produce food and having Thomas on board in this expanded role is a fresh vote of confidence in Calysta’s ability to achieve that on a global stage.”

Calysta’s patented, state-of-the-art fermentation process uses no arable land and very little water, and does not compete with the human food chain, translating into greater production of food with fewer utilization of resources. FeedKind is a key enabler for growth of the aquaculture market by reducing reliance on conventional sources of proteins.

As the global population grows from 7 billion in 2010 to a projected 9.8 billion in 2050, and incomes grow across the developing world, overall food demand is on course to increase by more than 50 percent, and demand for animal-based foods by nearly 70 percent. FeedKind protein can help achieve a sustainable food future by meeting the growing demands for food while avoiding deforestation and allowing the restoration of abandoned and unproductive land.

Dr. Huot added: “With each day bringing more evidence, we as a global community, cannot bury our head in the sand any longer, we must make significant and lasting changes the supply, source and production of our food.

“With FeedKind, we offer a truly sustainable solution that can help us make more from less and deliver a more secure food future for everyone – a challenge that I look forward to taking on in the months and years ahead.”

FeedKind is already being produced from the company’s Market Introduction Facility (MIF) in Teesside, England to support market development activities with leading animal nutrition companies around the world.

For more information about Calysta, visit www.calysta.com.

ENDS
12 February 2020

Notes to Editors

Calysta, Menlo Park, CA, is an innovator in sustainable products to improve worldwide food security. Calysta develops and commercializes FeedKind® protein, an alternative feed ingredient for fish, livestock and pet nutritional products.

Contacts:
Calysta: Steven Flanagan, sflanagan@webershandwick.com, +44(0)141.343.3250; Lyn Christenson, lyn@linkagesgroup.com, 650.492.6880, ex. 100.