Total
0
Shares
Wide Open Agriculture (ASX:WOA) - Managing Director, Ben Cole - The Market Herald
Managing Director, Ben Cole
Source: Wide Open Agriculture
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Wide Open Agriculture (WOA) is one step closer to making a plant-based protein out of lupin
  • In August, the company detailed its plan to turn Australian lupin into protein, as many consumers are now looking for an alternative source of protein to add to their diet
  • The company has partnered with Curtin University, the CSIRO, and Process Partners in a five-stage program to help achieve this goal
  • Now, significant optimisation work has been completed at Curtin University and the university will now prepare for the testing and validation phase of its protein development
  • So far, food-grade and pilot-scale trials continue and are on track to be completed in late November
  • On the market this afternoon, WOA is up 7.83 per cent and trading at $1.24 per share

Wide Open Agriculture (WOA) is one step closer to making a plant-based protein out of lupin.

In August, the company detailed its plan to turn Australian lupin into protein, as many consumers are now looking for an alternative source of protein to add to their diet.

To achieve this, WOA has teamed up with  Curtin University, the CSIRO, and Process Partners.

Where are they now?

Significant optimisation work has been completed by Curtin University. This work includes key processes being smoothed out, such as the reduction in processing steps, confirming key temperatures and confirming protein yields from WA grown lupin.

Curtin is now preparing for the testing and validation phase of the food-grade samples from the pilot trials.

Now, those assessments are progressing and are on track to be completed in late November. These trials have continued despite the tough restrictions in Melbourne due to the COVID-19 outbreak.

Why lupin?

Australian sweet lupin is high in protein compared to other cool-season legumes such as lentils, peas and chickpeas. It has the potential to have positive impacts on human health, such as reduce the risk of obesity, diabetes, high blood pressure, cardiovascular disease, and bowel cancer.

Currently, the lupin market value is valued up to $200 million, and 96 per cent of the grain is consumed by livestock. Interestingly, 60 per cent of the global supply is produced in WA.

On the market this afternoon, WOA is up 7.83 per cent and is trading at $1.24 per share at 1:00 pm AEDT.

WOA by the numbers
More From The Market Herald
Rural Funds (ASX:RFF) payout ratio to hit 101pc in FY22

" Rural Funds (ASX:RFF) payout ratio to hit 101pc in FY22

Rural Funds Group (RFF) has announced it will pay an adjusted funds from operations (AFFO) payout ratio of 95 per cent in FY21...
Australian Dairy Nutritionals (ASX:AHF) sells its Ecklin South farm for $5.6 million

" Australian Dairy Nutritionals (ASX:AHF) sells its Ecklin South farm for $5.6 million

Australian Dairy Nutritionals (AHF) has agreed to sell its Ecklin South farm in Victoria for $5.6 million.
GrainCorp (ASX:GNC) - CEO, Robert Spurway - The Market Herald

" GrainCorp (ASX:GNC) upgrades FY21 guidance

Integrated grain and edible oils business GrainCorp (GNC) has upgraded its earnings guidance for the 2021 financial year (FY21) to between $310 million
- Tattarang Chair, Andrew "Twiggy" Forrest - The Market Herald

" Twiggy Forrest ups stake in Huon Aquaculture (ASX:HUO)

Andrew “Twiggy” Forrest has topped up his interest in Huon Aquaculture (HUO) days after the company received a $540 million takeover offer from