NUTRECO

• Headoffice in Amersfoort, the Netherlands• Quoted at Euronext Stock Exchange Amsterdam• Production in 20 countries; 7,000 employees

• Net sales 2005: € 3,002.4 million

NUTRECO - International spread

Belgium

Chile

Japan

Norway

Great-Britain

Spain

Italy

France

Portugal

Netherlands

Central Europe

Germany

Canada

United States

Australia

NUTRECO RESEARCH R&D Centres

Norway: Aquaculture Research Centre

Spain: Poultry and Rabbit Research CentreFood Research Centre

Netherlands: Breeding Research CentreRuminant Research CentreSwine Research Centre

SKRETTING ORGANISATION

Wout DekkerCEO Nutreco

ARC (Research)Viggo Halseth

Managing Director

Hans AbrahamsenManaging Director Norway

Graeme DeareManaging Director Great Britain/Ireland

Ron GowanManaging Director Canada

Jose Miguel BarrigaManaging Director Chile

Alberto AllodiManaging Director Europe East Med.

Hugues Le RuzManaging Director Europe West

Rik van WestendorpManaging Director Japan

James RoseManaging Director Australia

Business Group Skretting Trout & Marine FeedViggo Halseth

Managing Director

Business Group Skretting Salmon FeedKnut Nesse

Managing Director

FEED FOR MORE THAN 50 SPECIES OF FISH

Salmonid species

- Rainbow trout - Atlantic salmon - Chinook salmon - Coho salmon - Brown trout - Arctic char - Brook trout

Continental species

- Eel - African catfish - Carp - Channel catfish - Hybrid striped bass - Tilapia - Catfish - Pike Perch - Sturgeon

Marine cold water species

- Cod

- Halibut

- Wolffish

- Black cod (Sablefish)

Marine warmwater species

- Mahi mahi

- Green grouper

- Tiger grouper

- Barramundi

- Flathead mullet

- Red sea bream

- Turbot

- Amberjack

- Sea bream

- Tuna

- Large yellow croaker

- Sole

- Sea bass

- Japanese flounder

- Yellowtail

- Blackspot sea bream

- Meagre

- Common dentex

- Sharpsnout sea bream

- White seabream

- Common sea bream

FEED FOR ALL PURPOSES

• Broodstock feeds• Larval feeds• Juvenile feeds• Transfer diets (freshwater to saltwater)• Grower diets• Harvest diets• Anti stress diets• Organic feeds• Speciality feeds (for example Label Rouge)• Customer specific feeds• Certified products (= for supermarket chains)

• We also have dedicated production of medicated feeds

SKRETTING AQUACULTURE RESEARCH CENTRE

• Established January 1989• 55 manyears• Nutrition researchers• Feed technology engineers• QA – Food safety• Intellectual property• Modelling

• Analytical laboratory• Fish trials research station• Feed technology plant• Annual budget of app.8 mill €

LABORATORY

Purpose• Perform analyses and laboratory services for R&D

projects and production control for Skretting and their customers.

Analyses• Raw materials, feed and fish – focus on

aquaculture • Proximate composition, physical and nutritional

quality, pigments, amino acids, fatty acids, medicine, etc.

• Accredited according to ISO 17025• Certified according to ISO 9001 and 14001

Resources• 15 manyears• EUR 1.2 mill (NOK 9.5 mill) investment

FEED TECHNOLOGY PLANT

Purpose• Be a state-of-the-art technology plant where

Skretting makes

• Experimental diets for fish• Feed technology trials and development• Training within feed production

Resources• 4 manyears • EUR 2 mill (NOK 17 mill) investment

FISH TRIALS STATION - LERANG

Purpose• To perform R&D trials with salmonids and cold

water marine species

Type of trials offered• Fish growth and - quality• Digestibility and palatibility• Benchmarking• Envirnoment and feed interactions

Resources• 10 manyears• EUR 7 mill (NOK 55 mill) investment

Focus areas in nutrition research

• Defining nutritional needs and response• (Protein, amino acids, energy and FAs, vitamins and

minerals)• Various species• Various life stages• Various environment (temperature, …)

• Raw material values• “New” and existing RMs• Defining quality criteria (Nutrition Processing and food

safety)• Digestible nutrient content / Nutritional value• Anti-nutritional factors (max inclusion)• …in various environment (temperature…)

Focus areas in nutrition research

• Pigmentation of salmonids• Pigment cost about 15% of total feed cost• Evaluation of pigment sources, retention and optimum

pigment regime• Functional diets - Feed ingredients that

• Strengthen immune system• Support transfer from fresh to salt water• Gut stabilisation ingredients• Harvesting diets

It is very much about fish meal and oil substitution

State of Information: Salmon Aquaculture Feed andthe Environment

Fishmeal

46%

22%

24%

1% 7%

Fish oil

81%

14%

5%

Reported global fishmeal and fish oil usage in 2002 (Source: Pike, 2005)

Aquaculture

AquaculturePoultry

Pigs

RuminantsOthers

Edible

Industrial

Fish oil substitution

• Status: Minimum 30% FO • Max 50% of 1 veg oil source

• Challenges:• It is not about FCR, SGR, Texture or Taste• It is not about nutritional needs, when keeping 30% FO

• But less knowledge when we come closer to 100% substitution

• Need more knowledge in critical phases like smoltification (a.o. cataract)

• Research focus:• Know nutritional needs in various life stages, to avoid Production

Induced Disorders (PID)• Know how to optimise a limited source of EPA/DHA

Fish Meal substitution

• Fish Meal substitution is a jigsaw with 4 puzzles:1. Availability of concentrated raw materials (>60%

protein + fat), and defining their nutritional value.2. Understanding digestibility of minerals with high

inclusion of veg proteins. To avoid Production Induced Disorders

3. Knowledge of salmon’s nutritional needs, and market/legal availability of micronutrients

4. Ensure feed intake /palatability

• …. At an acceptable cost

Feed production

• Process ability of new raw materials• Interaction between production and nutrition• New process technology

How and Why do ARC work with other research institutions?

• 20-30% of trials are done outside of own facilities• Why:

• Species or environment requirements that make Lerang impossible to use

• Flexibility, while our facilities are running “100%”• Special analyses• Competence that we do not have in-house• Ensure that we have a large network with various

competencies• Our task is to implement world class know how, not

necessary develop it.• Grants• When we want to publicise

• But our own researchers stay very much involved, to be able to do the implementation afterwards