Pacific Northwest Marine IngredientsA 21st century approach to marine byproducts

The fishing and seafood processing industry has supported the local economies of coastal Oregon and Washington for over 100 years

What's changed?

The nature of the fishing and seafood processing industry has changed significantly in the last 25 years with new approaches to sustainable management and better processing technology, while its approach to the byproducts it creates has not. until now • Heads guts and offal represent over 50%

of the landed weight• Half the value of the landed catch has

been treated more as a problem to be dealt with, than the huge opportunity it represents• Fisheries management will require full

retention of bycatch species going forward• The development of new markets in

nutriceutical products makes this material the most valuable part of the landed catch

• Fish Protein Isolates are fast becoming the protein supplement of choice in the hydrolyzed protein market• Fish Protein Concentrates are quickly

replacing fish meal in the high value pet food and aquaculture markets• Encapsulated fish oils have grown to

be the largest nutritional supplement product in a market that is growing at 15% per year

What does the future hold for marine proteins?

• Aquaculture demand for fish protein products is projected to be almost twice what the market can supply

• As more and more of our seafood comes from aquaculture and mariculture the demand for marine feeds grows.

• While the prices of fishmeal and oil have increased by 300% in the last 10 years specialized marine products for the nutriceutical market have increased by 1000%

• The three critical components to success, high quality raw material , reasonably priced energy and technological expertise are all locally available

• The ability to produce these products from a MSC certified sustainable fishery in the USA would present a huge product marketing advantage

• Fish Protein Powders suitable for human consumption sell at retail for between 12 and 17 thousand dollars a ton. Recoveries to round weight are similar to fish meal and oil

• There are only two plants in the world producing these food grade products in commercial quantity as of January 2016

• None of the product currently being produced is available in quantity for import to the US market

• The US market the largest nutriceutical supplement market in the world

• Demand growth is outstripping supply growth by 3 to1

• The ideal raw material for manufacturing FPP is Pacific Whiting readily available off the coast of Washington and Oregon

wwwWhy here? Why now?• The lower Columbia river has been a

center for innovation in seafood processing since the days of the salmon canneries • The area has been a incubator for

research in the development of these types of products• Its possible to do things in the Pacific

Northwest that are too logistically difficult and expensive in Alaska, British Columbia and most areas of the world

• The markets are finally catching up with the technology• An integrated approach utilizing both

innovative and legacy technologies provide the best formula for scalability and success • The timing is right, the presence in this

market of a product produced from certified sustainable wild caught markets provides a significant advantages over Norway Spain Chile or Peru where these facilities are currently being developed

• Start along a parallel path of buying and existing facility and modifying it to meet the needs of the production process or building from scratch. • Build a coalition of the processing

entities and receive commitments to buy in to the project and commit their waste streams to ensure the raw material supply is regular and adequate

• Recognition of the capital requirement of between 10 and 13 million dollars for the facility construction or acquisition and modification. • Strike while the iron is hot,

recognition of this opportunity is not unique, the key component is access to raw material which is an area where we have a decided advantage

How can we get started?

Ok lets go Where do I sign on ?