BioWorks' business model is an end-to-end process involving the collection of used cooking oils and the treatment of industrial wastes for use as a biofuel. BioWorks currently produces biodiesel from its base in Henderson WA. Its current biodiesel capacity is 4ML per annum and is expanding to circa 6ML per annum.
The Company has developed its own animal feed supplement, Biofeed that is distributed in Western Australia.
The Company has been developing a 2nd-generation “Renewable Diesel” biofuel that is chemically indistinguishable from petroleum diesel, and which has superior commercial and product properties to both petrodiesel and biodiesel.
TEK Price at posting:
21.5¢ Sentiment: None Disclosure: Held
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