Significant news- BlueNalu announces commercialization stragey22 Aug 2019 21:14
https://www.businesswire.com/news/home/20190822005573/en/BlueNalu-Announces-First-of-its-Kind-Commercialization-Strategy-Facility-Designs
One of Agronomics' investments , BlueNalu, has today announced its strategy for commercialization and facility designs for large-scale production of cell-based seafoods. The article published today above is worth a read . Think back a number of years to when TESLA was in its formative years with a new concept of mass production of electric vehicles intended to disrupt the vehicle industry . BlueNalu has the potential disrupt the seafood industry in a similar way.
"BlueNalu has created a five-phase commercialization strategy that starts with R&D and small-scale pilot testing, evolves to a phase that enables market research testing, and culminates in food facilities that are 150,000 sq. ft. under roof. It is anticipated that each facility will produce up to 18-million pounds of finished seafood products per year, or about 72 million four-oz seafood fillets or equivalent units per year. BlueNalu is currently entering its first phase of development, producing whole seafood medallions and fillets at pilot-scale. The company plans to introduce products into a test market in two to three years, and break ground on its first large-scale production facility in five years. This production facility will meet Good Manufacturing Practices (GMP) guidelines and comply with regulatory requirements determined by the FDA for food production."
"The BlueNalu facilities will each be designed to serve regional population centers, initially focused on serving countries in North America, Asia, and Europe, where there is the greatest current and projected per capita consumption of seafood. The company intends to replicate its initial facility to dozens of locations across the globe, making continual operational enhancements along the way, and selecting varieties of fish, product applications, and marketing channels to meet the needs of each selected region. BlueNalu’s strategy will contribute to a more stable global supply chain for seafood, in a way that supports the health, sustainability and biodiversity of our ocean."