Jun 21, 2022

Veramaris announces next phase of business growth: from start-up to scale-up

Delft, Netherlands, 21 June 2022 – Veramaris, a joint venture between DSM and Evonik, today announces it will enter the scale up phase of its business. Launched in 2018, Veramaris is the only ASC-MSC certified sustainable algal oil with the highest levels of both EPA & DHA Omega-3 available on the global market, today. The algal oil is an alternative omega-3 source to fish oil and is currently used to achieve animal nutrition in aquaculture, petfood and most recently, in human dietary supplements.

In its start-up phase, Veramaris strategically focused on a value chain marketing approach for the aquaculture and petfood sectors, which resulted in significant market growth for sustainable EPA & DHA Omega-3.  In this next phase, Veramaris will focus on enhancing operational excellence and further deepening the DSM / Evonik collaboration in the human nutrition supplements and the shrimp markets.

“We warmly thank the Veramaris team for laying a strong business foundation, on which we now build this next phase of growth. Therewith we also acknowledge the valuable contributions Karim Kurmaly and Alexander Hillmann have made in these early years of Veramaris. DSM and Evonik remain fully committed to growing the market for sustainable EPA & DHA Omega-3. I am thrilled and confident that together we will reach new heights.” André Bos, Chairman of the Veramaris Supervisory Board.

Leading the scale-up will become the responsibility of Veramaris’s new leadership team:

  • Gertjan de Koning, Vice President Essential Products, DSM Animal Nutrition & Health, who will assume the role of CEO from October 1, 2022.
  • Already joining the business from August 1, 2022, Holger Kinzel, Vice President Animal Nutrition Asia North, Evonik, who will take on the role of CFO/COO.
  • The team will be further strengthened with the addition of Florian Butzmann as new Head of Supply Chain Management and Marion Hax leading Business Performance Management.

“Advancing the cooperation between DSM and Evonik will bring the Veramaris venture to a next level of profitable growth. With a clear shared vision - to conserve marine life – we will not only realize the full potential of our natural algal oil solution but also be able to lead the market”, Emmanuel Auer, Co-Chairman of the Veramaris Supervisory Board says.

About Gertjan de Koning
Gertjan has a background in Chemical Technology and joined DSM in 1995. He started his career in DSM Performance Materials and later in DSM Nutrition. He helped shape the DSM Nutrition business through acquisitions and integrations. Gertjan became the first Vice President Nutritional Lipids, during which role he was one of the driving forces behind the conception of Veramaris. Over the past five years, Gertjan successfully navigated DSM’s portfolio of feed vitamins through a period of unprecedented volatility realizing considerable growth.

About Holger Kinzel
Holger has a strong commercial background and a degree in Business administration. He joined Evonik in 1997 and held various positions in the company covering Product Line & Market Segment Head as well as Sales & Marketing roles in Asia and Germany. In those roles he drove business growth and strategic portfolio development. Based in Shanghai, Holger assumed the role of Regional Vice President Animal Nutrition Asia North in 2019, driving regional business growth and organizational development in a highly dynamic region.

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About Veramaris

Veramaris, headquartered in Delft, The Netherlands, is a joint venture between DSM and Evonik, both world leaders in science and specialty chemicals. Established in 2018, Veramaris was formed to help realise a vision to conserve natural marine life by using the ocean's own resource, natural marine algae, to sustainably expand the world's access to Omega-3.

Veramaris extracts oil from natural marine algae, rich in both the essential Omega-3 fatty acids EPA & DHA, and also ARA, a long chain Omega-6, vital nutrients for improved brain, heart and eye health in both animals and humans.

The zero-waste industrial scale production process runs at a state-of-the-art site in Blair, Nebraska, USA.

Veramaris enables key stakeholders in aquaculture and pet nutrition to become independent of wild-caught fish and meet the growing demand for sustainable seafood and animal protein.

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This information and any recommendations, technical or otherwise, are presented in good faith and believed to be correct as of the date prepared. Recipients of this information and recommendations must make their own determination as to its suitability for their purposes. VERAMARIS EXPRESSLY DISCLAIMS ANY REPRESENTATIONS AND WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, AS TO THE ACCURACY, RELIABILITY, COMPLETENESS, NON-INFRINGEMENT, MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE (EVEN IF VERAMARIS IS AWARE OF SUCH PURPOSE) WITH RESPECT TO ANY INFORMATION AND RECOMMENDATIONS PROVIDED. IN NO EVENT SHALL VERAMARIS BE LIABLE FOR ANY DAMAGES ARISING FROM OR RELIANCE UPON, OR USE OF, ANY INFORMATION OR RECOMMENDATIONS PROVIDED HEREIN. Reference to any trade names used by other companies is neither a recommendation nor an endorsement of the corresponding product and does not imply that similar products could not be used. Veramaris reserves the right to make any changes to the information and/or recommendations at any time, without prior or subsequent notice.

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