SeaDragon (SEA) is a final-stage fish oil processor based in Nelson, New Zealand. Its existing 300 tonne (t) capacity plant produces omega-2 oils for the global dietary supplements market. A new 5,000t omega-3 plant is nearing completion, with production expected by December 2015. We see entry into the omega-3 market as a game-changer for SEA because the market is ~50 times larger (by volume) than the omega-2 market and the new factory is capable of allowing SEA to produce more value-added products.
