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MBD Energy - CO<sub>2</sub> to algae to energy
Bioremediation of industrial emissions for environmental gain and the sustainable production of valuable products. LATEST VIDEO
An overview of MBD's expansion into commercial production of astaxanthin for the nutraceutical and food industries.
November 16th, 2015
Read all the latest media releases and market announcements made by, or about, MBD Limited.

MBD 2015 Equity Capital Raising Update

MBD has raised $8.0 million in equity capital which provides it with sufficient funds to deploy its bioremediation technology at three large aquaculture operations seeking to comply with Government Regulations relating to water discharge.

MBD is also putting in place a long term lease of a 50Ha farm at Ayr in North Queensland and will finalise the preliminary development elements of its natural Astaxanthin project to the point where it is construction ready.

Capital raised to date will fund the following:

  • Aquaculture Bioremediation Projects
  • Working Capital
  • Ongoing R&D Capital – 2015 – 2016

MBD requires a further $7.0 million of capital to fund the construction of Stage 1 (25 tonne per annum) of its natural Astaxanthin project for the production and sale of unprocessed biomass product (H. pluvialis) for the subsequent manufacture of natural astaxanthin.

A number of Due Diligence processes are ongoing to complete the capital raising.

For additional information on the capital raising or to register your interest please contact:

Domain Capital Pty Limited:
Rick Horne, Director

Phone: + 61 3 8614 1092
Email: rhorne@domaincap.com.au

The Information Memorandum is provided for Sophisticated Investors as specified in the Corporations Act Part 6D.2, Section 708


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.

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

01 January, 2015
ABC Rural reports on how Queensland’s algae technology is ready to expand

News and Media Archive ∇
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