Australia to build a plant for the production of algae feed for $ 90 million

Published Jun 29, 2021

Tridge summary

Australia is planning to build a $90 million processing plant to produce algae-based feed additives for cattle, with construction scheduled to begin in the fourth quarter of 2021. The plant, to be built by Pirie Meats in partnership with CH4 Global, Organic Technology Holdings, and Siemens Australia, will produce enough additives to sustain 10,000 head of cattle, made from the red algae Asparagopsis. The supplement is expected to help reduce methane emissions from cattle, which are a significant contributor to greenhouse gas emissions. The plant will also serve as a hub for technological innovation in sustainable, carbon neutral recycling in the agricultural sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Australia plans to build the first processing plant to produce algae-based feed additives for cattle. The $ 90 million enterprise will be built by Pirie Meats, StartupDaily reports. The company's innovation partners will be CH4 Global, Organic Technology Holdings and Siemens Australia. Construction will start in the fourth quarter of 2021, and the facility will be commissioned during the year. The plant will act as a “hub for technological innovation” to stimulate further development in sustainable, carbon neutral recycling in the agricultural sector. The volume of production of feed additives will be sufficient for keeping 10 thousand head of cattle. The raw material for the production will be the red algae Asparagopsis. The supplement will need to be mixed with regular feed at a rate of 100 grams per ...

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