News last update:6 Aug 2012

Helm to sell BioExx special proteins

Bio-Extraction Inc. has signed a protein sales agreement with Helm AG, for the purchase and distribution of not less than 70% of the Specialty Protein products produced at the BioExx canola processing facility in Saskatoon, SK, Canada.

The agreement is unique in that it covers the entire range of specialty protein products to be produced by BioExx, ranging from protein concentrates through super-concentrates and high purity protein isolates. Although Helm may purchase all of the specialty proteins from Saskatoon, BioExx can retain up to 30% of the volume for the purposes of new market development. In return for its purchase commitment, Helm will be the sole European distributor of specialty proteins produced at the Saskatoon plant.

Protein concentrate
The agreement comes after scientific analysis and testing by Helm. The Saskatoon plant expects to commence production of its Advantexx70 products in the second quarter of 2009. Advantexx70 is a 70% pure protein concentrate, initially targeted at specialty feed and aquaculture markets, although subject to regulatory approvals it may also be sold into human food-use markets.

The non-GMO status of the products to be produced in Saskatoon provides yet another compelling feature to drive demand and pricing in global markets. The Saskatchewan production volume is relatively small, but Helm views this as an opportunity to establish a relationship which can grow as BioExx grows and expands its production capacity.

Headquartered in Hamburg, Germany, Helm AG is a 108 year old company with offices worldwide including Europe, Africa, Asia and North America, and 2007 sales in excess of € 7.5 billion. Helm is one of largest distributors of animal and human nutrition products worldwide.

Bio-Extraction Inc. from Toronto, Canada is a technology company focused on the extraction of oil and high-value proteins from oilseeds for the global food market. The company is currently completing construction its first commercial specialty extraction facility for processing canola to produce protein concentrates for the aquaculture and specialty animal feed markets, as well as canola oil and meal.

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