GREY:BIXZF - Post by User
Post by
ck123on Aug 17, 2009 6:21pm
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Post# 16225919
GRAS issue
GRAS issueFrom Chris Carl...
Seventy per cent of what BioExx will produce from canola meal iscontracted for sale to Helm AG, a German company operating in 35countries around the world. Helm will largely use the protein foraquaculture and baby livestock feeds.
"We reserve 30 per cent of our protein production to sell to other endcustomers, or work with other, similar companies. There are a number ofcompanies we are in discussion with that will take up the other 30 percent of our production."
BioExx is also working toward several certifications to allow it to sell proteins into human food markets.
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70% of what BioExx is making is going into aquaculture and baby livestock feeds. Profits should be possible from this alone. GRAS status and other status will allow BioExx to enter human markets.