💸 Kelp Blue progresses towards $80 million blue bonds raise
PLUS Quazy Foods raises €800K and BlueBlocks wins Blue Bio Value Accelerator
“Kelp Blue has secured major global sales agreements, and bondholders can expect to see investment-grade returns while relying on Gold Standard certification of Kelp Blue’s carbon credits to assure themselves of the transparency and integrity of environmental and social impacts.”
Dear algae technologists, operators, and investors, welcome to another edition of the Paxtier Report!
To kick things off this week, check out WWF’s new project that aims to map the state of the seaweed industry in the United Kingdom and outline future potential…
Find out more HERE.
In today’s report…
Markets: 💸 Kelp Blue plans N$1.4bn raise through Namibia’s first-ever blue bonds offering.
Deals: 🤝 German biotech startup Quazy Foods raises €800K to harness microalgae for human nutrition.
Movers and Shakers: 🏆 B'ZEOS wins Ebro talent award for eco-friendly packaging made from seaweed.
Around the web: 🙋♀️ Spirulina coated Millet Chikki helps Sundergarh SHG women with financial empowerment.
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
General
🟢 Approval for sustainable aquaculture algae farm to boost Karratha economy, Australia (Read more HERE).
Macroalgae
💸 Kelp Blue plans N$1.4bn raise through Namibia’s first-ever blue bonds offering (Read more HERE). The news follows Kelp Blue’s fantastic Zayed Sustainability Prize win (Read more HERE).
🌿 The Zanzibar Seaweed Company (ZASCO) and UK based ‘Nutri-san’ have signed a framework agreement for a joint operation and management of a carrageenan factory at Chamanangwe industrial park, Pemba Island (Read more HERE).
♨️ The Petroleum Commission, in partnership with Tullow Ghana Limited (TGL), is turning Sargassum into hydrofoam bricks to create ovens in fishing communities (Read more HERE).
🐶 Fettle launches in the UK, featuring seaweed kelp powder pet supplements (Read more HERE).
💸 Samudra raises £800k for sea farming robots (Read more HERE).
🌿 Chinese hydrogen concept car uses plastic, seaweed & bio-materials (Read more HERE).
🌿 Marine researchers at Stellenbosch University (SU) have teamed up with Cape Town-based not-for-profit, Sea Change Project, to research the biodiversity of the Great African Seaforest (Read more HERE).
🌿 SEADLING signs Memorandum of Understanding (MoU) and lease renewal with the Department of Fisheries Sabah (Read more HERE).
🛍️ Sway lands NSF Small Business Innovation Research to scale seaweed resin (Read more HERE). The team also released a 100% recycled kraft paper retail box with a 100% biobased Sway seaweed window (Read more HERE).
𓈈 DESMI supplies the first 20,000 meters of MESH BOOM to protect the Caribbean Beaches from Sargassum (Read more HERE).
🌿 Kelpi wins at the Tech Tour European Grand Finals and the Open Innovation Forum (Read more HERE).
🌿 SINTEF Ocean updates us on a new offshore seaweed farm facility (Read more HERE).
🌿 BlueBlocks Concepts wins the Blue Bio Value Accelerator 2023 (Read more HERE).
⏬ A new research project at the University of Hawai‘i at Mānoa, focusing on deepwater seaweed species, has been awarded an $892,290 grant from the National Science Foundation (Read more HERE).
🌾 Yara launches biostimulant to complement fertiliser portfolio (Read more HERE).
🤝 Beish acquires Catalina Offshore Products (Read more HERE).
Microalgae
🟢 London North Eastern Railway (LNER) is working with Algacraft to test the feasibility of using microalgae bioreactors in locations around stations, UK (Read more HERE).
✨ Update on Vitosha Venture Partners’ investment in Vodoraslo and algae air purifiers (Read more HERE).
💸 German biotech startup Quazy Foods raises €800K to harness microalgae for human nutrition (Read more HERE).
☢️ 3.5 million salmon threatened by toxic algae bloom successfully evacuated by Cermaq, Norway (Read more HERE).
🟢 Alaska lawmaker pushes bill to beef up algal bloom research (Read more HERE).
💆 Neutrogena launches new skin supplements (Read more HERE).
🟢 Hong Kong biotech graduates progress with microalgae air-capture start-up (Read more HERE).
⚱️ De Wit Speciality Oils and Algarithm Ingredients highlight benefits of partnership at FiE 2023 (Read more HERE).
🐟 Hooked Foods has landed on German shores with its range of vegan seafood analogues (Read more HERE).
🟢 INESC TEC joins European project that promotes the use of algae in sustainable aquaculture (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in algae this week?
General
🍃 Just some of Sweden’s algae start-ups (Read more HERE).
Macroalgae
🌿 The fast-growing invasive seaweed choking New Zealand’s coastline (Read more HERE).
🐷 What is the impact of laminarin supplementation in sows? (Read more HERE).
📝 (Paper) Abundant production of dimethylsulfoniopropionate as a cryoprotectant by freshwater phytoplanktonic dinoflagellates in ice-covered Lake Baikal (Read more HERE).
🏆 B'ZEOS wins Ebro talent award (Read more HERE).
🧴 Study shows Carbonwave’s SeaBalance emulsifier provides ‘statistically significant’ moisturisation benefits (Read more HERE).
🔋 Building biological batteries using DNA, seaweed and beeswax (Read more HERE).
📝 (Paper) Multi-use of offshore wind farms with low-trophic aquaculture can help achieve global sustainability goals (Read more HERE).
🦐 The “chef for shrimp” who’s creating seaweed-based aquafeeds (Read more HERE).
📈 Australian seaweed industry predicts "rapid growth" as national trade body launches (Read more HERE).
Microalgae
🙋♀️ Spirulina coated Millet Chikki helps Sundergarh SHG women with financial empowerment (Read more HERE).
🛰️ (Paper) Satellite mapping of red snow on North American glaciers (Read more HERE).
🤖 Biohybrid microrobots could remove micro- and nano-plastics from aquatic environments (Read more HERE).
🧱 3D printed tiles made from mycelium and algae (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
OMG such a resource! This is fantastic!! Go seaweed!!