We are focusing on three core sets of customers: refiners; fortified food manufacturers and ingredient suppliers and brand sponsors. We expect all will turn to SeaDragon because we provide the assurance of an internationally-recognised food safety and quality regime, independently-audited chain of custody certification, a reputation for excellence in refining marine bioactive compounds and a strong and growing network of crude oil supply relationships.
Brand sponsors: The demands of brand sponsor customers, which include our cornerstone shareholder, global health products company Comvita, will be met by the boutique processing capabilities we are developing. Here we expect to develop the capacity to produce batches of unique oils and other bioactive compounds that will allow customers to exploit lucrative niches in branded Omega-3 and bioactive markets.
Fortified food manufacturers: Leveraging the capabilities of the new refinery and the planned specialised small-batch facilities we will develop at our boutique plant, we expect to supply these customers with oils ranging from foreign-sourced Omega-3 oils through to Omega-3 concentrates and domestically-sourced oil from sustainably-managed fish stocks.
Refiners: We expect to supply these customers primarily with refined Omega-3 tuna oils. These customers value the flexibility and agility of SeaDragon’s new refinery, which complements their larger mega-scale refineries. We can provide quick turnaround industrial-scale runs and provide toll processing of their crude oils.