CMBD has led this successful MB-CRC bid to secure $59 million of CRC federal funding to kickstart a wide-ranging, decade-long research and development program to transform Australia’s emerging marine bioproducts sector into a sustainable, clean and globally competitive industry.
The Marine Bioproducts Cooperative Research Centre (MB-CRC) is an Australian national industry-driven R&D consortium of 68 partners led by Flinders University. This consortium connects a broad cross-section of industry and research, bringing together; Australian major agri-businesses, two global chemical industry giants, small and medium enterprises, with the majority of the country’s leading scientific and engineering leaders in the field. Over the next 10 years, MB-CRC project partners aim to invest more than $270 million in total project R&D value. This includes more than $70 million in matching cash from 49 industry partners, 12 research groups, two government organisations and five third-party participants.
Through the utilisation of Australia’s unique biomarine resources, CMBD and MB-CRC will work together to develop advanced manufacturing technologies and high-value marine bioproducts to expand the third-generation of Australian marine bioproducts industry, in relation to the first-generation fisheries and the second-generation of aquaculture via commercialisation, education and training. We aim to fast-track the growth of Australia’s next generation of marine bioindustries to meet the rapidly increasing global demand for certified, safe, sustainable products including; plant-based proteins, functional foods, nutraceuticals, omega-3 oils, cosmetics, biomaterials, bioplastics, and more. A major objective for CMBD and MB-CRC is for Australia to be recognized as a premier supplier and innovator of marine bioproducts globally.