Growth Opportunities and Markets
There is strong growth potential beyond the Australian feedlot and dairy industry into international markets such as USA, Canada and the EU. We are also identifying new leading edge applications and second generation products, which will diversify our portfolio and maintain strong growth beyond 2022/23.
CSIRO has established a new company, FutureFeed Pty Ltd, which will sit across the value chain to commercialise the technology. The company holds the global rights, exclusively to the patents from the IP Partners (CSIRO, Meat and Livestock Australia (MLA) & James Cook University (JCU).
- FutureFeed is seeking strategic investors and production partners with an interest in responsible investments, ensuring technology is scaled as fast as possible and, in particular, those that have networks and experience in the seaweed industry to supply the quantity required to deliver on this great innovation
- FutureFeed will work with partners across the value chain to bring this product to market: establishing the production supply chain, processing, storage, distribution, R&D, QA, certification, marketing and carbon credit methodology.
We are currently conducting further trials on how seaweed affects production, across various diets, alternate processing methods and building the international supply of seaweed based on demonstrated demand and interest from the livestock industry.
CSIRO, MLA and JCU, the IP Partners, hold patents for the use of Asparagopsis for methane reduction.
The IP Partners have filed two patent families related to the of Asparagopsis for methane reduction and productivity:
- ‘Method for reducing total gas production and/or methane production in a ruminant animal’ (PCT/AU2015/000030) National Phase applications pending in Australia, Brazil, Canada, China, New Zealand, USA, Europe, Indonesia, Thailand and Mexico – priority date 21 January 2014.
- ‘Growth performance improvements in pasture and feedlot systems’ (PCT/AU2016/050689) National Phase applications pending in Australia, Brazil, Canada, China, New Zealand, USA, Europe, Indonesia, Thailand and Mexico – priority date 29 July 2016.
An Australian trademark for FutureFeed® was registered on 25th October 2017 (Australian TM Registration No. 1833273). The Company will explore the availability of registered trade mark protection in other key markets. FutureFeed Pty Ltd is the name of the new company that will implement the Commercialisation Plan and will have ongoing responsibility for growing the business to achieve the IP Partners’ financial and environmental goals.