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| Bioglobal Limited was formed in 2000 to make clean green agricultural, animal health and environmental insecticides. |
A Queensland company which manufactures environmentally friendly chemical products has set it sights on the world pest management market.
Bioglobal Limited is making plans to expand into Asia, the US, Europe and South America, a strategy aimed at increasing its export earnings from $2.5 million in 2006 to $50 million in 2009.
The Brisbane-based company was formed in 2000 to make clean green agricultural, animal health and environmental insecticides.
It now has a major share of the Australian pest mating disruption market and has begun talks with Chinese agri-business companies as part of its overseas export drive.
In a world in which people are increasingly concerned about the effects of chemicals in the environment and the ongoing debate over the pros and cons of genetically modified crops, Bioglobal’s CEO Ken Ingbritsen is optimistic about the company’s future growth.
“We feel we have a significant opportunity to use biotechnology to develop effective and environmentally safe products combining state-of-the-art science and technology with natural plant extracts and chemicals.”
Bioglobal’s product portfolio includes a chemical pheronome which controls bugs in horticulture, specifically in apples and peaches, a pesticide which kills moths in cotton, legumes and vegetables and the Lucilure blowfly trap and lure for sheep and landfill markets which sells in Australia and South Africa.
Another product Bioglobal has developed through its clean technology is Bioattract CRW. The active ingredient is extracted from the zucchini and then formulated into a pesticide designed to eliminate the corn-root worm, a major problem for corn and soy bean farmers in the US.
Bioglobal’s innovative approach to product development was recognised by the Queensland Government in November 2005 when the company received a Smart State grant of $37 500 from the Department of State Development, Trade and Innovation.
Ken Ingbritsen says the grant will be used to modernise the company’s information technology systems and increase potential to be competitive on the world stage.
Last reviewed 15 March 2006