Join our daily newsletter At The Bell to receive exclusive market insights
- Terragen (TGH) receives a “significant” government grant for research on its feedstock supplement to reduce greenhouse gas emissions
- $615,000 will go towards the collaborative research which sees the Victorian government working with Terragen to test its product, MYLO
- The money came from the second round of the Federal Government’s Methane Emissions Reduction in Livestock Program
- Terragen will commit an additional $111,000 in support of the study
- TGH shares were down 3.7 per cent, trading at 13 cents at market close
Terragen (TGH) has announced that a research collaboration it will be conducting with the Victorian Government has been awarded a “significant” government grant.
Terregen plans to conduct research on methane emissions reduction with the Victorian Department of Jobs, Precincts and Regions, using Terragen’s product MYLO, which is a “direct fed microbial feed supplement for livestock.”
$615,000 was awarded to the collaboration from the second round of the Federal Government’s Methane Emissions Reduction in Livestock Program, to undertake further research using higher doses of MYLO.
Terragen said this was part of its efforts to further increase the methane reducing properties of the product.
Terragen says it will commit an additional $111,000 in support of the study.
The company said it was “very pleased” to receive the funding, which will go towards reducing greenhouse gas emissions in grazing animals using MYLO.
TGH shares were down 3.7 per cent, trading at 13 cents at market close.
