ASX update – CSIRO partners with Ridley in global innovation for prawn feed
Australia’s leading animal feed producer, Ridley AgriProducts, has signed a research development alliance agreement with Australia’s leading scientific research institute, the CSIRO for the prawn feed ingredient, NovacqTM. Novacq is a natural prawn feed ingredient additive that is derived from a marine microbial process, which has involved over 10 years of research and development by the CSIRO.
Novacq is classified as a novel feed ingredient that acts as a metabolic stimulant when included in prawn feed diets. It increases the prawn’s food intake and leads to the animal growing faster but eating less feed.
Novacq can be used to help replace scarce fishery resources such as fish meal.
Under the new licence agreement, Ridley can now produce and market Novacq globally, where as previously it only held the rights for Australia, Thailand, Indonesia, Malaysia and the Philippines.
Dr Mat Cook, CSIRO Aquaculture Research Director, said the new agreements are an example of the CSIRO’s commitment to innovation.
“We are excited to be partnering with a like-minded local organisation in Ridley to take Australian science to the world,” Dr Cook said.
Watch the Ridley NovacqTM investor video
Read Ridley’s Australian Securities Exchange (ASX) update here
CSIRO Aquaculture contact
Dr Mathew Cook – Research Director, Aquaculture