WOA TO DEVELOP PILOT-SCALE LUPIN PROTEIN PRODUCTION FACILITY
Highlights: • Commencing the purchase of food processing equipment and construction of an in-house, pilot Modified Lupin Protein manufacturing facility in WA. • WOA to develop plant-based proteins with unique techno-functionality for a range of food products form both Dirty Clean Food and future strategic partners. • The pilot plant will build on existing IP, enhance opportunities for strategic partnerships and produce food grade quantities of Modified Lupin Protein to generate initial revenues. • Opportunity to explore application of patented technology for other plant-based inputs including regenerative pulses grown in Australia. • Capital expenditure of AUD$1.6 million is fully funded.
WOA Price at posting:
93.0¢ Sentiment: Hold Disclosure: Held
