Qponics Managing Director and CEO, Dr Graeme Barnett, said global demand for plant-based alternative protein from soybeans and chickpeas in ‘meatless meat’, ‘fishless tuna’ and chicken-free chicken’ products has suddenly escalated.
“Our goal was to transform UQ’s pilot algae farm into a scalable, automated and modular algae farm to demonstrate the Company’s capability to construct a large commercial marine microalgae farm planned for the Ballina region of northern New South Wales”, Dr Barnett said.
“While we initially developed omega-3 fatty acid in an Australian marine species of microalgae, we’ve since found the high-protein biomass by-product is a perfect protein source for the alternative meat market.”
Dr Graeme Barnett, Chief Executive Officer & Managing Director, Qponics Limited, 18 September 2019.
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