Progress Status

Corporate

  • Four Philippines corporations incorporated as key operational entities – Plentex Philippines Inc (PPI), Plentex Realty Inc (PRI), Plentex Agri-Milling Corporation (PAMC) and Plentex Aquafarms Corporation (PAC)
  • Highly credentialed Philippine nationals appointed to PPI and PRI Boards and management team established

Stage 1 Integrated Agri-Product Plant

  • Long term lease of plant site (approx. 1.6 hectare) from City of Tacloban signed and ratified by Council on 3 August 2016 (Suhi Lot 1)
  • Adjoining 4½ hectare block (Suhi Lot 2) purchased by PRI. Large dam (approx 50 million litre capacity) constructed to provide process water and other site development works in progress
  • Contract signed for purchase of another 1½ hectare block (Suhi Lot 3) adjoining Suhi Lot 2
  • D. Oehlmann & Associates (DOA) engaged as Project Manager. DOA finalising the design of the coconut processing plant, procurement of equipment and will manage construction
  • Turn key contracts for rice and cassava plant supply and installation being finalised
  • Financial model developed by an external consultant for the integrated agri-product plant

Stage 2 Fish Farming and Processing

  • Decommissioned fish hatchery at Villareal (35kms from Suhi Lots 1, 2 and 3) purchased by PRI. Renovation works in progress. Negotiations in progress to purchase adjoining 2 hectare block to facilitate expansion

Research and Development

  • PPI’s high potential Philippine R&D commercialisation projects being advanced – MOUs signed with respect to Halymenia durvillei growing and extraction