Wide Open Agriculture (WOA) and Saputo Dairy Australia have agreed to terminate their MOU, with both parties saying current priorities and timing don’t align.
The companies entered the MOU in October 2023, to explore using Saputo’s site to produce commercial quantities of WOA’s Buntine Protein, a lupin-based protein product.
WOA told the ASX, “Despite the termination, both parties acknowledge the potential for future collaboration when the timing and priorities are better aligned. WOA will provide an update to shareholders in due course.
“WOA's commercial strategy remains unchanged and is focused on converting its sales pipeline to fully utilise the capacity within its German production facility in the near term.
“Currently, WOA has the capability to produce Buntine Protein at a capacity of 500 tonnes per annum and can scale production in a modular manner at the Grimmen plant to meet future demand.”
The company said its “primary resources will be directed towards achieving near term sales, with a strategic commitment to revisit large-scale commercial production as necessary”.
