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Investment interest grows as work starts on processor
| INVESTMENT interest in Bundaberg's industrial hemp industry is growing. A Pilot industrial hemp processing plant will soon be up and running at Bundaberg based company Agri Fibre Industries' new premises in Lester Street. Agri Fibre Industries director John Hall said more than six major potential clients from across Australia had recently shown strong interest in using produce from the company. Mr Hall said the clients were mostly in the natural fibres industry, keen to use hemp for insulation and textiles. But he said many large food processing companies were also |
interested if hemp was to be declared a food in Australia. "Our marketing director has been around to potential clients around Australia and has provided us with positive feedback," he said. Agri Fibre Industries staff will move into Lester Street office today to begin conducting business operations and building machinery for the $300,000 self-funded plant. Agri Fibre Industries chief executive officer Jim Hall said the mini processing plant would be up and running before Christmas. Mr Hall said he was confident a major processing plant would also go ahead as planned with |
feedback from end users on the design. He said the application for government funding for the proposed $2.5 million plant was still being assessed. "We're very confident it will go ahead because a number of textile, food, cosmetic and industrial companies who have already approached us to use our produce," he said. But Department of Primary Industries senior policy officer Jason Olsen said growers should not be getting their hopes up yet. "It's too early to call whether it's going to be a profitable industry or whether the markets are really out there," he said. |
| NewsMail 2003 |
Agri Fibre Industries
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