Falcon In The News
Copyright 2013, The Telegraph
GRAFTON — Entrepreneurs behind a planned fish plant are switching gears, saying they plan to use the area’s plentiful Asian carp to produce fish byproducts, instead of consumer foods.
After more than two years of market research, the founders of American Heartland Fish Products discovered that fish meal, fish oil and bone meal make more lucrative, popular products. The three are daily traded commodities purchased in great quantities by domestic and worldwide feed companies.
“We realize that there is not a demonstrative market for frozen Asian carp for human consumption in mainland China and the Asian rim area,” American Heartland’s Gray Magee, of Grafton, said Wednesday. “There may be a market someday, but there is not currently a large enough market at a high enough price to sustain a profitable company.”
He said construction and modification to American Heartland Fish’s building, located in the new Grafton light industrial park on Illinois Route 3, will begin soon. The project is being funded mostly by private investors, so an official start-up cost remains unclear. However, Magee said the project could pull down an estimated $3.5 million and $5 million in annual sales based on market prices. Read More. . .