WA’s Good Earth Dairy has won a $4.4 million grant to construct a new processing facility in Perth as it prepares for an international expansion and potential Australian market listing in 2024. The $20m powdered camel milk processing facility, set to be completed in 2026, will allow the company to increase production capacity to 60 kilolitre a day, or nearly 22 million litres a year, and enter the infant formula market. The company is WA’s first commercial camel milk dairy producer and has turned over $2.4m in revenue since distribution began in 2016. Good Earth Dairy already operates on a 800-hectare property in Dandaragan, a two-hour drive north of Perth, with a herd of 160 camels and distributes a range of products through independent stores in WA. The State Government grant will also increase farm capability and primary production, creating more than 90 jobs. Good Earth Dairy founder and chief executive Marcel Steingiesser said WA was in a unique position to be a global leader in camel milk production. “If we were to rely on breeding we would be very limited but we have access to a huge supply of camels in outback WA,” he said. “We have the livestock, the technology, the climate and the opportunity, now we have the backing to take everything to the next level and begin growing on an international scale.” Ahead of its planned initial public offering in 2024, Good Earth Dairy has launched an equity raising via crowdfunding platform OnMarket. The company said the capital would enable it to increase capabilities and increase volume while the facility is under construction. “As we bring the cost of camel milk lower and lower, we stand a good chance of being able to compete with the $840 billion dairy market,” Mr Steingiesser said. Often referred to as “white gold”, camel milk contains less saturated fat and lactose than cow’s milk. “We’re backing local companies to manufacture here in WA, to value-add, and to take on the world in developing high-tech products for the future,” Premier Roger Cook said.