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January 23, 2016

Australia

Ridley Acquires Site for Novacq Feed Production

 

On January 22, 2016, Ridley Corporation Limited announce that it had secured a long-term lease agreement on a 7.5-hectare site to produce its shrimp feed ingredient Novacq™.  The site has seven fallow ponds that will be reconfigured to produce Novacq™.

 

Novacq™ has consistently demonstrating shrimp growth rate improvements in the vicinity of 40% or more, while improving feed conversion and animal well-being via enhanced resistance to the challenge of viral/bacterial attacks, there by increasing survival rates.

 

Ridley plans to initiate Novacq™ production in a 0.1-hectare test pond, while developing three other one-hectare production ponds.  Stage-one production will supply the Ridley Aquafeed plant at Narangba, near Brisbane, with sufficient Novacq™ to commence deliveries to domestic shrimp farmers and to conduct further trials with the ingredient.

 

Funding for post-harvest processing systems, including packing systems, silo, shed storage, infrastructure and pond works will cost up to $1.2 million.  Stage-two will replicate Stage-one in four additional ponds.  Ridley Chief Executive Officer Tim Hart said, “Once we have demonstrated the ability to produce and market Novacq™ as a value-adding offering to domestic shrimp farmers, we will look to take the expertise offshore in one or more of our territories: Thailand, Indonesia, Malaysia and the Philippines, all of which are covered by an exclusive sales and manufacturing license with the Commonwealth Scientific and Industrial Research Organisation (CSIRO).”

 

Information: Tim Hart, Chief Executive Officer, and Richard Smullen, Group Technical and R&D Manage, Head of Sales and Business Development/Aqua-Feed, Ridley Corporation, 12-18 Neon Street, Narangba, Queensland 4504, Australia (phone +61-7-3817-9812, fax  +61-428-765-717, email richard.rmullen@ridley.com.au, webpage www.ridley.com.au).

 

Source: Email to Shrimp News International (with PDF, Ridley Secures Site for Domestic Novacq™ Production).  Subject: Novacq Production.  Richard Smullen.  January 23, 2016.

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