MBD 2016 Equity Capital Raising Update
MBD has completed its 15M equity capital raise.
Capital raised will fund MBD’s the following:
- Astaxanthin Stage 1 25 tonne facility
- Aquaculture Bioremediation Projects
- Working Capital
- Ongoing R&D program
Hi-tech Aquaculture Project Commences at Ayr
- Earthworks on the $7M first stage of the project – the first of its kind for Australia – Burdekin Shire Mayor, Councillor Lyn McLaughlin, turning the first sod of soil on the site on Thursday June 9th.
- 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 colourant in food, such as farmed salmon and prawns and as a prized dietary supplement -- renowned for its antioxidant properties.
- Andrew Lawson, said commencement of construction brings to fruition many years of intensive Research and Development undertaken by MBD in partnership with their team at James Cook University in Townsville and marks the dawn of an exciting new chapter in Australian aquaculture.
- At Stage One, the facility will produce 25 tonnes per annum, subsequent stages are planned to see output increased to around 100 tonnes each year.
- We are proud to see the new production and manufacturing facility taking form.
Watch Astaxanthin Video
Pacific Reef Project Update – large scale demonstration
MBD has established a demonstration of low cost bioremediation of nitrogen and phosphorous at Pacific Reef Fisheries, Ayr, Queensland.
The North Queensland prawn industry has not seen any expansion for the last 10 years. Environmental regulations require the level of nitrogen and phosphorous in the discharge water to have zero nett gain from the inlet water for each new prawn farm. i.e. no new discharge of nitrogen and phosphorous to the Great Barrier Reef waters. MBD's innovative process enables the prawn and fish industries to comply with this objective.
The use of algae to bioremediate nitrogen and phosphorous delivers a low cost remediation system that can be applied to existing and new aquaculture facilities.
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 and fish to the Australian and international markets. Declining ocean stock volumes has lead to a consistent increase in imported seafood over the last 20 years (currently greater than 50% of all shellfish and fish are grown in farms). More than 70% of the worlds farmed fish are grown in China.
The key outcome has been to prove a low cost bioremediation system at Pacific Reef as a basis for the major expansion and development of the North Queensland seafood and aquaculture industry.
MBD's large scale demonstration at the Pacific Reef site has been in place for the last 2 years. The project has demonstrated the process at scale and the system has received widespread support across all levels of government and the industry. Extensive water monitoring tests are being applied daily to the system to demonstrate the uptake of nitrogen and phosphorous to satisfy the Great Barrier Reef Marine Park Authority (GBRMPA) requirement of zero environmental impact. MBD will expand the process In parallel with Pacific Reef's Guthalungra site (260Ha) and are working with the wider aquatic industry to roll out the technology at key sites in North Queensland, Thailand 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. November 2014.
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
18 August, 2015
Algae May Be Next Big Thing In Clean Energy Production - Jill Arce, Tech Times
15 August, 2015
Tim Flannery's message of hope: new third way technologies will help combat climate change - Sydney Morning Herald
14 August, 2015
Queensland algae technology expands to cane industry - ABC Rural (Australian Broadcasting Corporation)
10 June, 2015
United Nations Australia Association Sustainable Water Management Award
10 June, 2015
JCU algae researchers win top environment award
21 May, 2015
Shrimp disease still haunts booming Thai food exports - Bangkok Post - 21st May 2015
17 April, 2015
Algae set to provide $20 Million injection - The Burdekin Grower - 17th April 2015
08 April, 2015
Big catch in prawn pitch - The Burdekin Grower - 8th April 2015
03 January, 2015
The Economist - Strange Brew - Cleaning up waste water with algae
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