🍻Fancy a brew? One pint of seaweed beer coming straight up
PLUS: FlexSea announce a £3 million seed round, and Katapult Ocean invests in NewFish.
“Algal proteins have the potential to relieve pressure and increase redundancy in our strained global food systems” — Ross Brooks, General Partner at Katapult Ocean
Dear algae technologists, operators, and investors, welcome to another edition of the Paxtier Report!
To start the email this week, check out this new 20m hybrid propulsion kelp harvester - a cutting-edge boat resulting from the collaboration between Biome Algae and Rockabill Marine:
Find out more HERE.
In today’s report…
Markets: 💸 Swedish government advised to feed cows methane-reducing additives to meet climate targets.
Deals: 💪 Katapult Ocean invests in NewFish.
Movers and Shakers: ⭐ FlexSea announce a £3 million seed round.
Around the web: 🍻 Methane reduction inspires 4 Pines’ ‘seaweed beer’.
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
Macroalgae
🍻 Methane reduction inspires 4 Pines’ ‘seaweed beer’ (Read more HERE).
💪 Seaweed to food - protein research company Bravely Cultured moves into The Epicentre, Haverhill (Read more HERE).
👕 Stella McCartney’s new show features representatives from seaweed-based fabric producers (Read more HERE).
⛽ Belize to launch project to make biofuel from seaweed clogging Caribbean coasts (Read more HERE).
💨 Swedish government advised to feed cows methane-reducing additives to meet climate targets (Read more HERE).
🤝 ORF Genetics and Seawith enter partnership for growth factors and cultivated meat production (Read more HERE).
⭐ FlexSea announces £3 million seed round (Read more HERE).
🌱 Cargill Food Ingredients announces ‘Pure’ family of solutions, including WavePure, a seaweed powder based on native seaweed (Read more HERE).
💸 Coastal Carbon receives $1.6 million to develop AI-driven seaweed biomass monitoring system (Read more HERE).
🤝 Jakarta (ANTARA) - Archipelagic and Island States (AIS) Forum supports its member countries in issuing sovereign blue bonds (Read more HERE).
💸 US pledges $29M to extend two feed future labs (Read more HERE).
💸 The city government of Surigao has taken steps to develop a mariculture park and upgrade its fish landing port through a PHP100 million project proposal to the Philippine Fisheries Development Authority (Read more HERE).
🌱 2 fishing groups in Fukuoka Pref. buy inland forests to feed sea with nutrients (Read more HERE).
💸 Countries pledge to raise $12 billion to fund coral reef protection (Read more HERE).
🤝 Kaly Group receives UK government support to stimulate private finance into marine natural capital (Read more HERE).
🏆 Seaweed pit cover innovator wins €10,000 prize and place on entrepreneur programme (Read more HERE).
💲 Investment opportunity in Zaara Biotech Companies: algae and seaweed technologies (Read more HERE).
Microalgae
❗Current Foods faces eviction (Read more HERE).
🔊 Hydro bioscience has announced a new patent pending algae remediation technology (Read more HERE).
😃 PanOxyl expands line of acne algae solutions (Read more HERE).
💪 Katapult Ocean invests in NewFish as biotechnology venture develops marine whey protein 80 prototype (Read more HERE).
💸 Feature piece about the ODU professors who just received a $3M NOAA grant to track harmful algal blooms (Read more HERE).
🔥 Japanese start-ups have been showcasing green tech inventions at Sustainability Expo 2023. Algae Bio presented three technologies (Read more HERE).
💸 Pond Technologies announces further extension of Crystal Wealth Loan (Read more HERE).
📈 LSU ranked among top 100 university patent producers. Note patent for self-powered lights that could boost algae production HERE.
🐦Tweets of the week
🔥 What else was hot in algae this week?
General
🎥 (VIDEO) Can algae change our food system? (Read more HERE).
🗣️ Tune in for the BlueInvest and EU4Algae Algae E-Pitching Session on 11th October (Read more HERE).
✨ This week marked the 1st EU Algae Awareness Summit (Read more HERE):
Macroalgae
🌱 Korean First lady Kim Keon Hee met with a small group of haenyeo - female divers from Jeju Island who have traditionally harvested mollusks and seaweed by hand (Read more HERE).
⚽ Seaweed and sport: How UEFA is giving sustainable packaging start-ups the chance to scale (Read more HERE).
📍 Putting Indonesia’s aquaculture sector on the map (Read more HERE).
🎤 Formula Botanica’s Podcast ep. 181: Marine Magic - From Seaweed Waste to Cosmetic Ingredient (Read more HERE).
🙌 Why billionaire Michael Bloomberg wants to help Sam Elsom turn his seaweed solution for climate change into a reality (Read more HERE).
🤿 In Northern Patagonia, indigenous communities dive for seaweed and safeguard their coastline (Read more HERE).
👨🌾 Establishing Australia’s first commercial kelp farm (Read more HERE).
🌱 Fishermen diversify to fill the kelp demand (Read more HERE).
➰ Notpla features in Packaging Insights discussing the implications of the new single-use plastic ban in the UK 🔍 (Read more HERE).
📈 The Seaweed Company discusses new LCA and its positive impact on the planet (Read more HERE).
🤖 Seaweed is mucking up beaches. This robot could stop it — and fight climate change (Read more HERE).
🏆 Kelpi came home a double winner this week at the EntreConf 2023 awards - collecting awards in both the Science and the Sustainability categories (Read more HERE).
📝 (Paper) The significance of heterophasic ion exchange in active biomonitoring of heavy metal pollution of surface waters (Read more HERE).
🌍 Cascadia Seaweed is one of 11 climate tech startups in the first Earth Tech: 2050 cohort! (Read more HERE).
Microalgae
🔬 New microscopy method can help put sharper focus on plankton samples (Read more HERE).
🔋 Researchers develop renewable and biodegradable power sources using bacteria (Read more HERE).
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