Veratin was incorporated in 2016 as a research and development manufacturing company to develop sustainable high end value products from low grade wool. Veratin implements green chemistry processes to transform this waste to products for various markets – agricultural, cosmetic, biodegradable materials, and functional foods and nutraceuticals. In 2019, the Company launched Verigrow®, a world first liquid fertiliser and soil improver from low grade wool, which embraces circular economy at the inception of product design. In February 2022, Veratin listed on the NSX after an oversubscribed IPO round and later that year announced proof-of-concept for functional foods and nutraceuticals under its ‘Baa Baa’ range of products. In early 2023, it released its first two products for the cosmetic market, Veratin™ shampoo and Veratin™ conditioner and more recently it has completed the research and development of its novel biodegradable polymer for plant pots and is gearing for production. Veratin is working on growing it products range via investing in cutting edge science.
Veratin anticipates having a favourable impact on the sheep farming industry in Australia by generating added revenue.