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Published byAsher Stevenson Modified over 9 years ago
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Barley Protein Concentrate and Ethanol M ontana M icrobial P roducts Fuel and Food
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Opportunity MMP developed barley protein concentrate, ethanol co-product 60% high quality protein product Demonstrated as a replacement for fishmeal in aquaculture feed Potential markets in poultry, hog, and specialty feeds Very Profitable, high value products
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Aquaculture Market Replacing Fishmeal The fastest growing sector of agriculture Fishmeal $3 billion market for protein ingredient in feeds for farmed fish, Need for alternatives Supply, price will limit aquaculture growth Depletion of ocean fisheries Organic toxins, and phosphorus pollution Major research effort to develop plant based protein sources to replace fishmeal
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Barley Protein Concentrate “ The first plant protein to replace 100% of fishmeal in trout diets” USDA The first plant protein with the: Nutritional Quality Competitive Cost Potential Volume To replace fish meal in feeds for high value farmed fish
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Trout Growth Studies
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Market Entry First Market US Trout 27,500 tons 75% in South Idaho, Customers 3 feed manufacturers First production plant Montana 5,300 tons BPC, 1.7 million gallons ethanol, 800,000 bu barley Profitable in the first full year of operation
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BPC Competitive Advantage MMP will sell BPC based on three compelling advantages Lower, stable price Equivalent or better feed conversion efficiency Zero Phosphorus discharge from BPC
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Market Opportunity Trout – 511,00 metric tons US Trout -27,500 tons Salmon – 1,409,000 metric tons Norway – 600,000Australia – 16,000 Chile – 485,000Ireland – 15,000 UK – 125,000New Zealand – 10,000 Canada – 125,000US – 10,000 Shrimp – 3,200,000 metric tons Fishmeal >1.5 million tons in these markets
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Expansion Strategy Expand Montana Production, North American Salmon 30,000 tons BPC, Replace 1/3 of N.A. protein 12 million gallons ethanol Use 6 million bushels barley License Technology into International Markets Salmon trout: Europe, South America Shrimp: Asia, South America Other species:
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Status Independent testing and commercial trials with trout completed, willing buyers Good results in other species of fish. Salmon trials on-going. Pilot plant operated at commercial flow rates but batch vs continuous operation- no scale-up issues. Engineering complete for commercial plant Conditional purchase orders for BPC and ethanol
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Financing Requirements $12M project produces 5,300 tons of BPC, approximately 2M gallons of ethanol, and 19 high paying jobs: Cash positive in second month of operation. EBTDA $2.8M first year opeation Have commitment of $5.0M from VC firm, need additional equity or bank loan
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Win, Win, Win Solutions for sustainable aquaculture Improved aquaculture economics Value-added products from low input crop Renewable fuels Rural jobs Higher farm incomes Solves environmental issues Good profitability
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Good Project for Montana, Good Project for Agriculture, Good Project for Aquaculture How do we get it done?
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