- The Sustainable Nutrition Group (TSN) reports “positive results” in the development phase of its unique hemp isolates and concentrates
- The company says test results indicate the development of high protein, soluble and tasteless hemp isolates and concentrates is on track and it is on course for commercialisation in early FY23
- TSN’s hemp protein concentrates are non-allergenic, gluten free, non-GMO and Australian grown and processed
- TSN says it is well positioned to benefit from significant investments in APP from global agri-food company Bunge and $113 million worth of funding from the Federal Government
- TSN shares up 8.33 per cent to 13 cents
The Sustainable Nutrition Group (TSN) has reported “positive results” in the development phase of its unique hemp isolates and concentrates with Australian Plant Proteins (APP).
The company says test results indicate the development of high protein, soluble and tasteless hemp isolates and concentrates is on track, with a significant range of identified commercial applications.
Protein extraction from whole seed hemp cake has achieved a protein level of more than 85 per cent, which compares favourably to soy protein concentrates, pea protein concentrates and faba bean protein concentrates.
In addition, TSN says its hemp protein concentrates are non-allergenic, gluten-free, non- GMO and Australian grown and processed.
In November 2021, TSN announced a partnership with APP to develop unique hemp concentrates and isolates.
APP is a plant-based powder processing, packaging and distribution business, with state-of-the-art facilities in Werribee and Horsham in Victoria.
TSN says it is well-positioned to benefit from significant investments in APP from global agri-food company Bunge ($47.5 million) and $113 million worth of funding from the Federal Government to advance Australian production of plant-based proteins.
With an initial investment of $90,000, TSN is leveraging APP’s leading technological infrastructure to execute a low capex, fast-to-market development strategy, according to TSN.
Under its agreement with APP, TSN will own the intellectual property for the hemp concentrates and isolates and have 15-year exclusivity on their sale.
The company says upon completion of development, it is on course for commercialisation in early FY23.
The hemp products are expected to be sold into the rapidly expanding plant-based food and beverage markets, including milks, yogurts, meat alternatives, protein bars and shakes, baked goods, protein supplements as well as sauces and condiments producers.
TSN says its unique hemp isolates and concentrates have the potential to play a significant role in replacing animal and other plant-based proteins.
TSN shares were trading 8.33 per cent higher at 13 cents at 10:51 am AEDT.