Local MP Sussan Ley joined New Edge Microbials (NEM) Managing Director Ben Barlow in Albury today to review work on a new $15m processing plant in the north of the city.
The high-tech facility will boost NEM’s capacity to supply innovative biological products to the agriculture sector, enabling it to capture rapidly rising demand for sustainable inputs both here and in export markets.
“NEM is committed to harnessing the best science to support sustainable farming and a healthier planet.” Mr Barlow explained.
“We’ve collaborated with five of Australia’s leading scientific agencies to advance the use of biologicals, putting beneficial microbial species to work to boost ecosystem productivity and secure sustainable farming futures.”
“This specialised plant will speed up our ability to bring these new biologicals to market. It is fantastic our efforts are being recognised and endorsed by the federal government.”
NEM was awarded $2m in federal assistance through the Modern Manufacturing Strategy – the government’s flagship $1.5 billion investment aimed at helping Australian manufacturers to scale-up, become more competitive and resilient, and create jobs.
Ms Ley explained, “This project is incredibly important in the government’s efforts to secure Australia’s supply chain resilience and boost regional economic development and employment. I’m delighted NEM has chosen the border region as the best place to keep growing their business.”
“This funding helps their exciting expansion plans to build state-of-the-art production facilities that enable them to access new markets and create new jobs, securing the growth and resilience of Australia’s agriculture sector now and into the future,” said Ms Ley.
Minister for Industry, Energy and Emissions Reduction Angus Taylor said grants like this show the government’s commitment to backing innovative companies who can help secure Australia’s access to critical products – including in times of crisis.
“Whether it be life-saving medicines or the inputs that farmers need to grow the world’s best food and fibre, this government is committed to securing Australia’s capacity to make what we need.”
NEM’s new biological plant will begin supplying the market from 2023.
For more details on the Federal Government’s Modern Manufacturing Initiative you can link to the website.