Founded in 1913 Approximately 1,150 employees North America’s largest producer of fish meal World’s largest producer of - PowerPoint PPT Presentation

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Founded in 1913 Approximately 1,150 employees North America’s largest producer of fish meal World’s largest producer of
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Founded in 1913 Approximately 1,150 employees North America’s largest producer of fish meal World’s largest producer of

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  1. Founded in 1913 • Approximately 1,150 employees • North America’s largest producer of fish meal • World’s largest producer of fish oil • Attractive and growing target markets • Specialty animal feeds • Aquaculture feeds • Functional foods

  2. Omega Protein • Omega Protein is North America’s largest producer of marine protein and the world’s largest producer of fish oil. • We are vertically integrated from catch through production, ensuring product quality and integrity. • Omega Protein currently uses 41 fishing vessels and 38 spotter planes, housed at the company’s home ports and processing plants on the Gulf of Mexico and the Atlantic coast. • The strategic system of warehouses, barge, railcar and container loading facilities, allow for an efficient supply to customers throughout the U.S. and foreign destinations.

  3. Menhaden (Brevoortia tyrannus, Brevoortia patronus) • Member of the Herring family • Short lifespan (1-3 years) • Surface feeder- Feed on Phytoplankton- (low environmental contaminants) • High oil yielding fish, naturally rich in EPA and DHA • The female menhaden can lay up to 362,000 eggs.

  4. Office, Plant and Warehouse Locations Fish Meal East Dubuque, IL 11,000 tons St. Louis, MO 10,000 tons Reedville, VA 27,000 tons Moss Point, MS 16,000 tons Abbeville, LA 8,500 tons Cameron, LA 9,000 tons Fish Oil Avondale, LA 22,000 metric tons Reedville, VA 17,000 metric tons Moss Point, MS 3,400 metric tons Abbeville, LA 7,200 metric tons Cameron, LA 5,800 metric tons Avondale, LA 23,000 Oil Total Fish Meal- 76, 500 tons Total Fish Oil- 55,400 metric tons

  5. Omega Protein’s Sustainable Measures • The entire fish is rendered, thus no by-product or offal is created • The number of fishing vessels has significantly decreased over the decades, which has decreased the total number of fish caught over that period • Typical by-catch is less than 1% • Omega Protein’s vessels use a net mesh that allows smaller and immature fish to escape • The natural spawning cycle is protected by limiting harvest from April through October. • Weekend fishing and fishing in popular recreational waters are voluntarily restricted- results in a 30% reduction in fishing efforts by menhaden fleet • Illegal, Unregulated, and Unreported fish are banned from our processes • Do not participate in roe fisheries

  6. Menhaden: Regulatory Regime

  7. Independent Regulators Statements • Records indicate typical catch is less than 10% of the Gulf and 20% of the Atlantic biomass. • The most recent government stock assessments (Gulf menhaden in 2004 and Atlantic menhaden in 2006) concluded that neither fishery is over-fished, nor, is overfishing occurring. • Menhaden are able to reproduce in large numbers. According to the ASMFC 2006 Assessment Report, “… fecundities range from 38,000 eggs for a small female to 362,000 eggs for a large female…” This means that a relatively small number of females can replace the population in a very short period of time. • The commercial menhaden industry is subject to numerous federal, state, local, and self imposed management measures to ensure the sustainability of the menhaden resource.

  8. Gulf Menhaden Catch as % of Biomass (in MT)

  9. Commercial Fishing in the Gulf 1964 - 2003 2003 - 2008 Plants: 4 Vessels: 40 Total Catch: 467,565 MT Total Plants: 14 Largest Amount of Vessels for One Year: 92 in 1966 Largest Catch for One Year: 1985- 1,058,717 MT

  10. Atlantic Menhaden Catch as % of Biomass (in MT)

  11. Commercial Fishing in the Atlantic 2003 - 2008 1955 - 2003 Total Plants: 36 Largest Amount of Vessels for One Year: 150 in 1955 Largest Catch for One Year: 771,523 MT Plants: 1 Vessels: 10 Total Catch: 165,634 MT

  12. Traceability and Environment • Our Lot Tracement Program traces a particular lot of fish meal, fish oil, or fish solubles to specific days and locations. • We are committed to good manufacturing practices with HAACP and GMP certifications by the AFIA program,“Safe Feed, Safe Food.” • All Omega Protein production plants have on-site air and water treatment facilities to monitor emissions and any environmental impacts.