Queensland Government Backs Australia’s Largest Precision Fermentation Facility

The Queensland Government’s backing comes through its Industry Partnership Program (IPP), and the new facility aligns with the state’s strategy to foster new industries, enhance food security, and contribute to decarbonization goals. The facility will produce alternative proteins and petrochemicals efficiently, marking a significant leap in biomanufacturing capabilities for Australia.

Michele Stansfield, Cauldron’s CEO, expressed gratitude for the support, stating, "This funding enables us to scale our innovative technology as a major milestone in our journey to redefine biomanufacturing."

Cauldron aims to build a global network of cost-effective biomanufacturing facilities, further supported by recent capital raises totaling $20 million. The Mackay facility will follow the success of their 25,000-liter demonstration site in New South Wales, marking a pivotal step toward commercial-scale bioproduct production.

Grace Grace, Queensland’s Minister for State Development and Infrastructure, highlighted the importance of the facility, saying, "Cauldron is a step closer to building a first-of-a-kind facility that will produce ingredients for fiber, fuel, feed, and food products at a commercial scale."

This investment underscores Australia's ambition to become a global leader in the "biofutures" sector, with biomanufacturing expected to boost economic growth and meet the rising demand for protein products.

Image by Cauldron