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Aussie fucoidan maker Marinova set to triple manufacturing capacity

Australian fucoidan maker Marinova has kicked off a A$5m ($US3.33m) expansion of its manufacturing facility in Tasmania.

Fucoidan is a bioactive compound found naturally in brown seaweeds and highly prized for its range of beneficial health properties, particularly in the areas of immune support, gut and digestive health, and healthy ageing.

This expansion will allow Marinova to triple its fucoidan production capacity and involve significant investment in advanced manufacturing technologies, as well as create highly skilled new jobs.

“This extensive capital investment will enable Marinova to readily meet the rising demand for its high purity extracts, particularly from the global medical and consumer healthcare sectors,” said chief executive Paul Garrott.

The expansion of Marinova’s fucoidan extraction facility is being supported by the Australian Government’s Modern Manufacturing Initiative.

The initiative provides businesses with funding to support projects that translate high quality research into commercial outcomes and supports businesses to adopt new technologies and improve their manufacturing processes.

The project also received support through the Tasmanian Government’s Building Projects Support Program and Advanced Manufacturing Accelerating Growth Program.

See more about Marinova Pty Ltd

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Upcoming Events

in-cosmetics Formulation Summit

Leonardo Royal Hotel, London
25 - 26 October

SEPAWA 2022

Estrel Congress Center, Berlin
26 - 28 October

in-cosmetics Asia 2022

BITEC Bangkok, Thailand
1 - 3 November 2022

Plastic Waste Free World Europe 2022

Koelnmesse, Cologne, Germany
09-10 Nov 2022

The Greener Manufacturing Show Europe 2022

Koelnmesse, Cologne, Germany
09-10 Nov 2022

SCS Formulate 2022

Coventry Building Society Arena
15 - 16 November 2022

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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