Palaszczuk Government Grant to Support Development of New Feedstock Source

Media Statements

Thursday June 22, 2017

© The State of Queensland (Department of the Premier and Cabinet) 1997-2017


Premier and Minister for the Arts
The Honourable Annastacia Palaszczuk

Minister for Innovation, Science and the Digital Economy and Minister for Small Business
The Honourable Leeanne Enoch

Palaszczuk Government grant to support development of new feedstock source

New feedstock sources for livestock could be developed in Goondiwindi after a $579,000 investment by the Palaszczuk Government.

Premier Annastacia Palaszczuk, who this week attended the international BIO 2017 conference in San Diego, said Woods Grain was one of six recipients that would help put Queensland at the forefront of the global bioindustrial revolution.

“Under the project, Woods Grain will seek to establish a new algae farm in Goondiwindi and trial new technology for the extraction of omega3 oil from the algae,” Ms Palaszczuk said.

“This could produce a high protein feedstock and open up the possibility of a brand new agricultural industry in the state,” Ms Palaszczuk said.

“The Woods family has been at the heart of Australia’s grain industry for more than 60 years and continues to contribute to the strengthening of Queensland’s agricultural economy.

“In recent years Woods Grain, part of the Woods Group, has been looking at new protein options. “This has resulted in collaboration with Professor Peer Schenk, at the University of Queensland, who has been researching the opportunity to use microalgae grown in small ponds as an omega3 oil source for human consumption, biofuels and a protein source for stockfeed.

“Woods Grain has worked with UQ, and in particular Prof Peer Schenk in recent years to support the natural progression of the research to a scale that could see it become a commercial reality.”

Minister for Innovation, Science and the Digital Economy Leeanne Enoch said the project was funded out of the Advance Queensland $5 million Biofutures Commercialisation Program.

Ms Enoch said the BCP, part of the Advance Queensland Biofutures Roadmap, set out to increase the capability and scale of the biofutures industry in Queensland.

“We want to see the biofutures industry grow in Queensland,” Ms Enoch said.

“That’s why we’re prepared to invest in people and companies with new ideas to get new technologies up and running.”