Cayman Islands Signs Agreement With Maxey Cosmetics To Extract Black Sea Rod Oil (BRSO)
In an example of sustainable use of the Cayman Islands marine environment, Government and US-based Maxey Cosmetics have signed a five-year agreement that allows Maxey – in a controlled and monitored method – to harvest the tips of a locally abundant soft coral, to extract black sea rod oil (BRSO) for use as an ingredient in its products.
The company’s record of sustainable use was vetted carefully by both the Ministry, and the Department, of Environment during the discussions that led to the agreement, said Minister of Environment Wayne Panton.
‘Maxey has a proven track record with respect to their collection of gorgonians in Cayman waters, which it has been doing in previous collaborations with Government for more than 30 years’, he said. ‘Through monitoring of collection sites, Maxey has demonstrated the long-term sustainability of their methods.
‘This new agreement incorporates clauses that specifically take account of the provisions of our marine conservation legislation, as well as commitments under the Convention on Biological Diversity regarding the need to ensure the fair and equitable sharing of the benefits arising from the use of a country’s genetic resources’.