Carbon Conscious (ASX:CCF) is Western Australia's newest dairy market player, and has already produced and delivered its first milk to a local processor as the company advances a long-term supply deal for fresh exports into China.
This progress has coincided with the execution of a lease agreement over a dairy property owned by Chinese interests which have invested more than A$10 million into dairy production assets in WA to date.
The company has now appointed key advisors for a large scale dairy expansion.
Highly regarded U.S. firm JGMIII, has been appointed to conduct site evaluation and development of engineering designs for the expansion.
Also appointed are GHD for environment and water, and Kelanco Pty Ltd for civil engineering.
Andrew McBain, executive director for Carbon Conscious, commented:
"The first phase of site evaluation and associated engineering and environmental planning has commenced and we are pleased to have appointed world class advisers to guide and assist the company to effectively implement its dairy expansion strategy.
"We are continuing to work towards the execution of binding agreements for milk off-take with Green Lake into China and remain confident of completing by the end of CQ1 2016."
Given the thirst for Australian dairy products from China, Proactive Investors view the progress of Carbon Conscious as the first stirrings of a potential major WA force in the dairy market.
Our initiating coverage calculates a price target of $0.21 a share.
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