BioExx Specialty Proteins Ltd BIXZF

RE: RE: RE: clarification

[brnt999]

I think a major part of BXI's method is the lower cost.

It has got me thinking about why someone like Cargil isn't producing  canola isolates. They have canola crushing plants producing oil and meal, and they have a process to extract soy protein from soy meal. I am sure it would not be that hard to adapt the process to canola.

I think you have to look at The Soy Protein Council. The Soy Protein Council members are U.S. manufacturers that process and sell soy proteins or food products containing soy proteins. The three firms comprising the council are Archer Daniels Midland Company, Cargill, Inc., and The Solae Company. This council was formed in 1971 to promote the use of soy protein which they have built to a 15 billion dollar a year industry.

These firms have no real motivation to produce canola protein. Canola protein is not going to create new markets--it is just going to compete for space with soy protein. Why would one of these firms muddy the waters and threaten an industry they have spent so much time and money creating?

I think that is why Chris Carl said he would be happy if Burcon started producing canola protein. To get a foot hold in the protein market BXI has to create a market for canola protein and they have to compete with soy protein. There has to be sufficient supply so a food manufacturer can switch from soy protein to canola protein.I don't think the amount of protein BXI produces from their 40,000 t a year plant will be enough for a food manufacturer to switch.

BXI needs to join forces with other canola protein producers ( A Canola Protein Council) to promote the use of canola protein.