🍔 How do seaweed products meet the needs of the food industry?
PLUS Alginor ASA raises $37.9M and HutanBio seals £3M.
“We know that sustainable nutrition will become a more popular phrase with the public over the next decade. The rate of awareness of carbon in food systems and sustainable nutrition is growing fast. Seaweed can play a big role.” — John Murray, Bord Bia.
Dear seaweed and microalgae investors, buyers, operators, and technologists, welcome to another edition of the Paxtier Report!
Food for thought this week…
How do seaweed products meet the needs of the food industry?
🎙️ We just released a deep dive into novel seaweed food products with industry thought leaders John Murray (Bord Bia - The Irish Food Board) and Lieneke Hohmann (The Seaweed Company).
From consumer trends to innovation insights, this episode explores:
🌱 The role of seaweed in food products and its impact on sustainability.
🍔 What consumers really care about and past novel food product success stories.
📈 Challenges and opportunities in the evolving food market landscape.
🌍 Ireland's expertise and role in food innovation.
Check out the podcast on Spotify, Apple Podcasts, or YouTube.
Hope you enjoy!
Have a great day folks.
— Peter
In today’s report…
Markets: 🐮 Denmark will be the first country in the world to tax livestock emissions - about $100 per cow - ($17) per ton of greenhouse gas emitted from livestock in 2030.
Deals: 🤝 HutanBio seals additional £3 million funding.
Movers and Shakers: 🌿 Western Australian grants propel seaweed manufacturing to replace plastics.
Around the web: 💡Gingko Bioworks Holding skidding below $0.30, risks de-listing on NYSE.
Markets and Investing
✂️Market Snippets
Some big moves in recent weeks…
Seaweed
🐮 Denmark will be the first country in the world to tax livestock emissions - about $100 per cow - ($17) per ton of greenhouse gas emitted from livestock in 2030 (Read more HERE).
🐮 Morrisons to trial Sea Forests' seaweed feed to produce lower methane beef (Read more HERE).
🌿 Indonesian businesses disgruntled over planned seaweed export ban, but the sector hopes it will encourage investment in downstream processing (Read more HERE).
🌿 Two Cermaq salmon farms in BC’s Discovery Islands could turn to seaweed (Read more HERE).
🤝 Florence Marine X, the outdoor gear brand founded by World Surf Champion John John Florence, is using Sway packaging (Read more HERE).
📈 Western Australian grants propel seaweed manufacturing to replace plastics (Read more HERE).
📈 South Korean Marine Innovation looks to enter US green market with its biodegradable seaweed products (Read more HERE).
🌿 New experimental shellfish, seaweed farms deployed in New Zealand (Read more HERE).
🌿 Saaremaa farm grows rare red seaweed in cold Baltic Sea waters (Read more HERE).
🤝 BC businesses collaborate to craft the world's first sugar kelp-infused peat-smoked whisky (Read more HERE).
🌿 Nutrico biostimulant range now available in the UK (Read more HERE).
💸 Norway, Haugesund-based Alginor ASA raised $37.9M in a Late VC round from Borregaard (Read more HERE).
📈 CJ CheilJedang announced that it officially entered the "Vivigo Store" on Amazon, Germany's largest e-commerce platform, and began selling K-food products last month (Read more HERE).
Microalgae
💸 HutanBio seals additional £3 million funding (Read more HERE).
📉 Gingko Bioworks Holding skidding below $0.30, risks de-listing on NYSE. Cathie Wood / ARK selling off holdings, causing rout (Read more HERE).
📈 New Zealand’s Nutrition From Water accelerating scale-up of microalgae-based whey to launch in Japan, Europe and US (Read more HERE).
💸 KEZAD Group inks $12mn lease deal with Astha Biotech for microalgae facility in Al Ain (Read more HERE).
🟢 Oil from algae: US innovator unlocks fermentation for alternative ingredient amid price hikes (Read more HERE).
📊 Cyanotech reports financial results for the fourth quarter and fiscal year 2024 (Read more HERE).
🤝 Living Ink announce partnership with Halker Consulting to design and build a pyrolysis demonstration plant at in Berthoud, Colorado (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in seaweed and microalgae this week?
Seaweed
🌿 The promise and possible pitfalls of American kelp farming (Read more HERE).
🌿 Welsh pub secures unique protected status for its traditional laverbread, celebrating local culinary heritage (Read more HERE).
🌿 Marinova eyes opportunities in wound healing and inflammation sectors (Read more HERE).
🌿 UVic researchers aim to regrow kelp forests (Read more HERE).
🌿 (Paper) Projected loss of brown macroalgae and seagrasses with global environmental change (Read more HERE).
🌿 How Korea’s gamtae seaweed won over chefs around the world (Read more HERE).
Microalgae
🟢 Aesop's sustainable storefront revamp features algae-based window decals (Read more HERE).
🟢 (Paper) Microalgal-bacterial granular sludge can remove complex organics from municipal wastewater with algae-bacteria interactions (Read more HERE).
🟢 (Paper) Freshwater microalgae Nannochloropsis limnetica for the production of β-galactosidase from whey powder (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