AP Incubators is mulling to set up an emu fat and oil processing plant in Hyderabad.

The proposed plant is likely to come up on 10 acre with an investment of Rs 14 crore. The plant will be set up under the company’s new subsidiary AP Emu Processors; will have an initial capacity to process 600 kg of frozen emu fat into refined oil and soap stock per day. The company has already signed a three-year exclusive contract with Pennsylvania based Bulk Emu Oil and we will start exporting the US FDA and American Emu Association-approved emu oil to them once the processing unit is completed in 10 months from now.

Also, plans are afoot to set up an emu slaughter house and meat processing unit in the city, expected to be ready for commercial production in the next three years. A majority of the proposed investment would be funded through bank loans and the remaining through internal accruals.

Source: Business Standard