🌿 Europe's harvesting season in full swing
PLUS: Gimflation surges 30% and Edonia secures €2M
“In 2021 alone, Mara supplied enough DHA-rich fatty acids to the nutritional supplement and food and beverage markets to offset an estimated 7.3 billion fish (anchovy)” — Mara Renewables
Dear seaweed and microalgae investors, buyers, operators, and technologists,
Welcome to another edition of the Paxtier Report!
Apologies for the delay in sending this out; it's been a whirlwind month traveling around Europe, absorbing insights from farmers and product developers.
Just a quick note: After considering your feedback, I’ve decided to streamline the newsletter, concentrating on the most significant updates from my perspective. Let me know your thoughts here!
Food for thought…
Europe’s harvesting season for cultivated cold-water seaweed has been in full swing these past few weeks.
During this busy period, I've had the pleasure of collaborating with some fantastic people, including the crews at SWMID and Atlantic Mariculture, as well as the brilliant Rhianna from SSIA, Charlie from Oceanium, and the SAMS seaweed team. I also had the opportunity to podcast at The Seaweed Company's new processing facility unveiling in Donegal, Ireland - which I’ll be posting more about in the coming weeks!
Altogether, we've gathered some valuable insights which we’ll be distributing across various channels soon. While you’re waiting for that, I’d recommend reading Peter Elbourne’s reflections on farming in the region here. And if you're interested in getting your hands on some farmed seaweed from the UK and Ireland, simply drop me a message, and I'll connect you with the right people.
Have a great day folks.
— Peter
In today’s report…
Markets: 📈 Gimflation' surges 30% despite South Korean government intervention to stabilise prices.
Deals: 🤝 Edonia secures €2M for development of sustainable meat alternatives using novel ingredients.
Movers and Shakers: 🟢 Mara teams up with Checkerspot to develop microalgae-based omega-3s.
Around the web: 💡 Deep-living and diverse Antarctic seaweeds as potentially important contributors to global carbon fixation.
Markets and Investing
✂️Market Snippets
Some big moves in recent weeks…
Seaweed
📈 Gimflation' surges 30% despite South Korean government intervention to stabilise prices (Read more HERE).
🌿 Seaweed farmers in Kilwa district, Tanzania are seeking support to modernise their operations (Read more HERE).
🌍 Korean steelmaker to launch combined blue carbon, marine biodiversity conservation project (Read more HERE).
🥛 Tasmanian dairy producer Ashgrove, in partnership with Sea Forest, has released the world’s first commercially available low-emission milk, Ashgrove Eco-Milk (Read more HERE).
🌿 New seaweed processing facility inaugurated in Downings, Ireland (Read more HERE).
🌊 Keel Labs collaborates with Mr. Bailey for Starboard Vest using seaweed fibre (Read more HERE).
Microalgae
🟢 Vinpai announces 41% sequential revenue growth in Q1 2024 (Read more HERE).
🤝 Mara teams up with Checkerspot to develop microalgae-based omega-3s (Read more HERE). Checkerspot also announces patent for non-genetically engineered high-oleic microalgae oil (Read more HERE)
💸 Edonia secures €2M for development of sustainable meat alternatives (Read more HERE).
🟢 Cermaq trials algal oil in salmon feeds (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in seaweed and microalgae this week?
Seaweed
🧪 (Paper) Deep-living and diverse Antarctic seaweeds as potentially important contributors to global carbon fixation (Read more HERE).
🧪 (Paper) FAO’s 1.5 °C roadmap for food systems falls short (Read more HERE).
Microalgae
🧪 (Paper) Harnessing spin and orbital angular momentum light for optimal algae growth (Read more HERE).
🔬 Danish scientists claim algae is the ultimate sustainable source for protein production (Read more HERE).
🧪 (Paper) Scientists discover first algae that can fix nitrogen — thanks to a tiny cell structure (Read more HERE).
That’s all folks!
Thanks again for joining us this week. If you think we’ve missed something worth highlighting - drop us a line below or via LinkedIn. Hope you have a great day and stay tuned for more seaweed and microalgae updates soon!
Best,
Peter