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Read all the latest media releases and market announcements made by, or about, MBD Limited.

MBD acquires Pacific Reef Fisheries

Leading aquaculture water bioremediation expert, MBD today announced it has bought the Ayr based tiger prawn and cobia farm, Pacific Reef Fisheries – including the land and permits needed to construct a new 259 hectare state-of-the-art prawn and seaweed production facility at Guthalungra, near Bowen.

The purchase will see Pacific Reef Fisheries continue to produce and market premium quality tiger prawns and the award winning restaurant table fish cobia, from its existing 98 hectare Ayr site - in addition to significant new tiger prawns capacity from the Guthalungra facility, when constructed.

Announcing MBD's acquisition of PRF today, MBD Managing Director Andrew Lawson said the Pacific Reef Fisheries Guthalungra project is great news for environmentally sustainable aquaculture and marks the commencement of an exciting new investment and growth phase for Australian prawn production.



Hi-tech Aquaculture Project nears completion at Ayr

MBD has completed Stage 1 of this project that will produce 25 tonnes per annum of dried biomass containing Astaxanthin.

MBD says its large-scale cultivation of the microalgae, Haematococcus pluvialis, will enable extraction of a valuable product, Astaxanthin – widely used as a natural red colorant in food, such as farmed salmon and prawns and as a prized dietary supplement -- renowned for its antioxidant properties.

Andrew Lawson, said the commencement of production at site represents a milestone for MBD. The project, the first of its kind in Australia, brings together leading science innovation and investment to create a new industry for Australia. The project has invested more than $10m into the local economy and will deliver long term jobs to the region.

Further stages are planned to see output increased to around 100 tonnes each year.

Watch Astaxanthin Video

White Spot Control

The Australian Government has enhanced import conditions on prawns and prawn products to meet appropriate levels of protection following the discovery last year of White Spot disease at prawn farms adjacent to the Logan River, south of Brisbane.

Pacific Reef Fisheries' farms are located almost 1000 kilometres from the affected area and maintain a high level of security against the disease. White Spot disease affects prawn growth and survival. There is no risk to humans eating the prawns.

As of 16 June 2017, the Queensland Department of Agriculture and Fisheries announced a new white spot biosecurity regulation biosecurity regulation (PDF, 967KB) that maintains movement restrictions for high-risk animals such as prawns, yabbies and marine worms out of the white spot restricted area that extends from Caloundra to the NSW border.

MBD and Pacific Reef Fisheries maintain a proactive engagement with government and the industry to help support and protect the long term health and security of the Australian prawn industry.


PRF Guthalungra expansion project update

MBD and its subsidiary, Pacific Reef Fisheries, are working with the Queensland Government to clear the way for increased prawn production at Guthalungra, creating potential for significant economic development and new jobs in the Bowen region of North Queensland.

Following many years of work with the Great Barrier Reef Marine Park Authority, last year Pacific Reef Fisheries was granted an expansion permit to build a new 259Ha farm on a former coastal cattle grazing property.

Final GBRMPA approvals were based on successful demonstration of prawn farm water management using MBD’s High Rate Algal Ponds (HRAP) System to bio remediate nitrogen and phosphorous. The system can be applied to existing and new aquaculture facilities.

MBD and Pacific Reef Fisheries are also working with various Queensland Government departments and agencies to meet State requirements for the granting of environmental, construction and operational approvals and permits that would enable the project to advance.

These include the Coordinator General and Department of State Development, the Department of Environment and Heritage Protection, the Department of Energy and Water Supply, and the Queensland Jobs and Regional Growth Fund.

"Once Queensland Government approvals and permits have been granted we will be in a position evaluate the injection of tens of millions of dollars of new capital that will be required to make this major expansion of Queensland prawn production a reality – bringing new jobs and additional prosperity to the Bowen Region”, said Andrew Lawson, Managing Director of MBD.

Due to environmental regulations requiring the level of nitrogen and phosphorous in the discharge water to have no increase from the inlet water for each new prawn farm, Mr Lawson said the North Queensland prawn industry had not seen any significant expansion in over 15 years.

"Our demonstration of nitrogen and phosphorous bio remediation to satisfy the Great Barrier Reef Marine Park Authority was a major leap forward for Pacific Reef Fisheries and the North Queensland prawn industry and we now look to the Queensland Government to help us complete this exciting journey and deliver new local jobs”, Mr Lawson said.

Australia currently imports more than 70% of seafood. An expanded industry for the North Queensland Region has the potential to be a major producer of seafood to the Australian and international markets. Declining ocean stock volumes has led to a consistent increase in imported seafood over the last 20 years (currently over 50% of all shellfish and fish are grown in farms). More than 70% of the world’s farmed fish are grown in China.

MBD is working with the wider aquatic industry to roll out the bioremediation technology at key sites in North Queensland and Vietnam.

Watch Water Bioremediation Video

A video overview of MBD's waste water bioremediation solution enabling a major prawn and fish farm to expand.

01 June, 2018
Head Office Relocates to Abbotsford

06 May, 2018
For Shareholder Only - Investor Update from Sam Bastounas

15 February, 2018
A fresh focus on commercialisation

05 February, 2018
Sam Bastounas appointed as MBD's Managing Director and CEO

26 October, 2017
Queensland algae could be used to tackle obesity - Brisbane Times

20 September, 2017
James Cook University and MBD progress Ulva biorefinery

05 September, 2017
JCU and MBD lead Singapore aquaculture delegation

30 May, 2017
Could seaweed hold clues to the secret of weight loss?

15 May, 2017
Work near completion on red algae plant near Alva Beach - Townsville Bulletin

10 April, 2017
Australian Government backs MBDs Vietnam venture with $853,153 to create water improvement technology

22 January, 2017
ABC Radio National - Future Tense - Reimaging Algae

20 January, 2017
ABC Country Hour - Climate change and agricultural run-off top two threats identified in NSW marine threat report

10 November, 2016
WIN TV News cover the animal feed trials conducted by MBD

17 October, 2016
Technology helps Vietnam transform prawn market - Financial Review

09 September, 2016
For Shareholders Only -- MBD Energy September 2016 Shareholder Update

22 August, 2016
He sold wotif, now Graeme Wood is putting money into biotech - The Age Businesss Day

09 June, 2016
Burdekin Shire, Northern Queensland will be home to MBD’s major new aquaculture facility, the first of its kind in Australia.

08 May, 2016
TerraVia And Bunge Target A Sustainable Alternative For The Fish Oil Market

02 April, 2016
ABC Landline - Cobia : Wagyu of the Sea Reporter: Pip Courtney

02 December, 2015
How JCU Algae Researchers are successfully working with MBD to transform the aquaculture industry in Nth Qld.

27 October, 2015
For Shareholders Only -- MBD Energy 2015 Annual Report

News and Media Archive ∇
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