News and Announcements
Genesis Successfully Raises Its Allocation of $500k with Significant Investment by Key Industry Personnel, Sells First Tonne & Secures New Property
- Published August 07, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Genesis Co. Pty Ltd has been established to produce high quality and high volume Australian algae products for domestic and international markets.
KEY MILESTONES:
- Genesis has successfully raised its allocation of $500k in June 2017, with significant investment by key industry personnel in the commodity and finance sectors.
- Following inaugural sales in May, Genesis has sold its first tonne of Chlorella at spot market prices of ~US$25,000/tonne (A$32,000).
- Genesis secures 46 acre (18.74hectre) property in Bowen, Queensland 4805;
- Two commercial-grade ponds are being commissioned at the new site, producing Chlorella and Spirulina.
- Warehouse upgrade underway including laboratory setup.
STRATEGIC OBJECTIVES FOR THE REMAINDER OF CY17
- A third pond is in construction phase with a commissioning date of September 2017. This pond is planned to produce the highly sought after Astaxanthin which has a spot market price of US$12,000/kg, making its production highly profitable.
- Genesis is working with the research department of a reputable university to undertake the following:
- Acceleration of protocols to transition the Algae into the red Astaxanthin state;
- Establish nutrient packages to enable organic certification of Genesis’ product range.
ABOUT GENESIS ALGAE
100% Australian grown algae products, produced in the warm climate and pristine pure spring waters of Northern Queensland Australia.
The Genesis Team brings many years of algae experience, proudly producing micro and macro algae products for Australian and international customers, for Nutraceutical, food and agricultural use.
Genesis Algae Products Australia is a brand recognised for it’s high quality and 100% pure algae products, bursting in natural nutrients and goodness.
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