News and Announcements
MBD Energy Ltd Annual Update 2015; Raises $15m
- Published December 16, 2015 4:11PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Highlights include:
Successful private equity capital raising: MBD sought AUD 15M to fund commercial expansion in Australia for the companies high value pigment project and expansion of the companies bioremediation projects in North Queensland. These funds have been raised over the last 6 months with the final 7M confirmed under a term sheet where the DD has concluded and we are putting in place the 2 agreements to satisfy the term sheet.
On the project front:
Through the capital raising period we continued to experience strong and increasing demand for MBD’s products and services.
- With MBD’s Astaxanthin project (Red pigment) the company is building a 25 tonne plant. Feedback from the 3 major offtake companies is that individually they are seeking offtake agreements for more than 4 times the plant capacity.
- With the bioremediation projects MBD have seen demand increase from one farm to 75% of the local industry and the largest operators in Vietnam and Thailand.
- MBD has a strong and growing pipeline of projects for delivery of high value products and services locally and in Asia.
In June MBD’s Science team’s won the UN (Aust) Water Award on World Environment Day. The award recognises the world leading achievements of the science team in developing water bioremediation for global applications.
For further information please visit www.mbdenergy.com There are a number of video’s that will also help your understanding of MBD’s projects and activities.
Below is a link for the astaxanthin project.
http://www.mbdenergy.com/
ABOUT MBD ENERGY
MBD is a multi-faceted environmental company that remediates waterways across a wide range of industries and applications and produces a range of high value products for global application. The company provides a cost effective solution to the clean-up of industrially contaminated waste-water while it produces a valuable algal biomass by-products that will generate significant secondary income streams.
The company is also a world-leading producer of Astaxanthin, a highly valued red dye used in the nutraceuticals and food industries.
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