💎 Best of the week in algae 💎 - I scroll, so you don't have to!
PLUS are you looking for investment? And the European Parliament gets behind "a strong and sustainable EU algae sector"
“We want to look at strains that haven’t been evaluated before.” — Eleni Yianna Hogg, NewFish
⭐ Are you an algae company looking for investment? Let's have a conversation! Fill out this form and we’ll explore how to support your growth.⭐
Dear algae technologists - hello and welcome to the Paxtier Report!
This week, we’re starting the email with a big shout-out to Aunty Helen. Thanks for sending us this sweet snap from Brittany:
In today’s report:
Markets: 🏛️ The European Parliament gets behind “a strong and sustainable EU algae sector.”
Deals: 🤝 ReFeed Canada partners with Cascadia Seaweed to launch Cascadia’s first commercialised agricultural product.
Movers and Shakers: 📈 Volta Greentech launches Lome Beef at Hemköp, labelling it “probably the most climate-friendly beef on the planet.”
Around the web: 🌎 Smelly seaweed row erupts in the UK as council refuses to remove kelp for eco reasons.
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
General
🏛️ The European Parliament gets behind “a strong and sustainable EU algae sector” (Read more HERE).
🌊 Ørsted becomes world’s first energy company to issue blue bonds (Read more HERE).
🌊 B.C. launches blueprint to fend off climate’s ‘one-two punch’ on the ocean (Read more HERE).
🌊 H&M Foundation doubles GCA grant and winners to speed up textile industry transformation (Read more HERE).
Macroalgae
🐟 Germany’s BettaF!sh to launch plant-based canned ‘TU-NAH’ (Read more HERE).
🥭 Mango uses seaweed, wood cellulose to push sustainability agenda (Read more HERE).
🏆 CDFA awards $4.1 million for climate-smart dairy and livestock research projects (Read more HERE).
🤝 ReFeed Canada partners with Cascadia Seaweed to launch Cascadia’s first commercialised agricultural product (Read more HERE).
🌱 The Seaweed Company is entering the world of Integrated Multi-Trophic Aquaculture (IMTA) alongside HOLOSS from Portugal and Longline Environment from the UK (Read more HERE).
🐟 Danish project seeks to upcycle fish farming waste into fibre- and umami-rich algae for food sector (Read more HERE).
🏆 ICAR-CMFRI’s seaweed farming enterprise in Lakshadweep, India posts positive results (Read more HERE).
🌊 Rovensa Next announces global innovation challenge that aims to valorise Fucus and Ascophyllum nodosum (Read more HERE).
🏆 Congratulations to the four winners of the recent North Sea Farmers event: Kelpi, Seaweed Food Solutions, Seaweed & Co. and BettaFish (Read more HERE).
🌱 Costco Wholesale has just launched Ocean's Halo Trayless (no plastic tray) Seaweed Snacks (Read more HERE).
💸 Dominican Government suggests facing sargasso with investments (Read more HERE).
👏 Check out Studio Kathyrn Larsen’s first ever commercial biodesign project- a Seaweed Selfie wall for UIA World Congress of Architects CPH 2023 (Read more HERE).
🌱 Volta Greentech launches Lome Beef at Hemköp, labelling it “probably the most climate-friendly beef on the planet” (Read more HERE).
🏆 Marine Permaculture Seaforestation.Co wins three prizes at the Singapore Livability Challenge (Read more HERE).
🏆 SHORE announces that all 3 of its new products have bagged awards at the Free From Food Awards 2023 (Read more HERE).
🌱 Origin by Ocean and Chempolis to start piloting bio-based products made from algae (Read more HERE).
Microalgae
🟢 Skretting introduces Elevia shrimp feed for hatcheries (Read more HERE).
📈 Algae prodigy: Philippines’ WTH Foods eyes Europe and ASEAN with clean label plant-based seafood line (Read more HERE).
🐟 More updates from the Millennial Salmon Project led by Nofima, Corbion, Innovafeed, Cargill, Mowi, LABEYRIE FINE FOODS, Auchan Retail and SINTEF Ocean (Read more HERE).
💸 Microalgae investment opportunity. This team up-cycles food waste to high value feed ingredients like microalgae with a high content of Omega-3 and protein. The team already has $10 million in phase II funding (Read more HERE).
🟢 Two areas in Kuala Rajang identified for microalgae cultivation, says Len Talif (Read more HERE).
🍾 Absolut Vodka is working towards a 100% biobased bottle. The company is allegedly using algae for the inner lining (Read more HERE).
🟢 Vegan seafood startup Plantish rebrands as Oshi as it eyes global market (Read more HERE).
📈 Protein powerhouse: New Zealand’s NewFish eyes active and sport nutrition markets in the US with nutrient-rich microalgae applications (Read more HERE).
🐦Tweet of the week
🔥 What else was hot in algae tech this week?
General
🌍 The EU boosts support for algae businesses (Read more HERE).
🔥 Check out Pale blue dot’s public research Notion on algae (Read more HERE).
🌱 Plenary sessions for the 2023 Algae Biomass Summit announced (Read more HERE).
🏛️ Paris Agreement goals will be missed without legally binding net-zero policies (Read more HERE).
Macroalgae
🌱 Biologists discover 20 new species of sea lettuce (Read more HERE).
🌱 GERMI develop biodegradable paper supercapacitor from seaweed (Read more HERE).
📝 Check out UNEP’s new technical report "Seaweed Farming: Assessment on the Potential of Sustainable Upscaling for Climate, Communities and the Planet" (Read more HERE).
🌱 Invasive seaweed extract found to stimulate defence mechanisms in vines (Read more HERE).
🌱 Smelly seaweed row erupts as UK council refuses to remove kelp for eco reasons (Read more HERE).
🐄 The founders raking in millions to secure Australia’s food future. A reminder of what Sea Forest are working on down under (Read more HERE).
👚 Why we could all be wearing seaweed one day. A nice seaweed textiles piece by Vogue (Read more HERE).
📝 (Paper) Addressing marine restoration success: evidence of species and functional diversity recovery in a ten-year restored macroalgal forest (Read more HERE).
📈 The driving force behind WWF’s adventures in the seaweed sector. A great interview with Paul Dobbins (Read more HERE).
📷 I always love a kelp forest photo shoot, and these snaps from Douglas Klug are on another level (Read more HERE).
Microalgae
📝 (Paper) Unlocking the potentials of cyanobacterial photosynthesis for directly converting carbon dioxide into glucose (Read more HERE).
🟢 Organic Garden aims to set up a network of land-based farms that synergistically and sustainably produce fish, vegetables, insects, algae and mushrooms (Read more HERE).
📝 (Paper) Origin of minicircular mitochondrial genomes in red algae (Read more HERE).
⚡ Yonatan Golan discusses how his company Brevel is aiming to be the Tesla of the food industry (Read more HERE).
⛵ Sailing to the Antarctic aboard the research ship Polarstern analysing seawater under cleanroom conditions. Research by the EcoTrace study group is focusing on discovering how trace metals affect the ecology and biogeochemistry of Antarctic micro-algae (Read more HERE).
🟢 Some interesting updates from a microalgae company based in Peru (Read more HERE).
📝 (Paper) Single-cell adaptations shape evolutionary transitions to multicellularity in green algae (Read more HERE).
🟢 How SAS helps Galapagos researchers learn more about phytoplankton populations (Read more HERE).
⭐ Are you an algae company looking for investment? Let's have a conversation! Fill out this form and we’ll explore how to support your growth.⭐
That’s all folks!
Thanks again for joining us this week. Hope you have a great day and stay tuned for more algae tech updates soon!
Best,
Peter