🌊 Ocean Rainforest secures $4.5M to ramp up Californian kelp production
PLUS: Cellular Goods shares on the rise and Algae Harvest strikes significant partnership
“We are literally one step away from an economically sustainable hectare, which we anticipate getting in the water over the next 12 months. Our intention is to develop lease-to-own agreements with communities that would enable financing, while effectively working with development banks and investors.” — Dr Brian von Herzen, Executive Director of Climate Foundation.
Dear algae technologists, operators, and investors, welcome to another edition of the Paxtier Report!
To kick things off this week, check out this cool science update from Dr Dung Le Viet:
Find out more HERE.
In today’s report…
Markets: 💸 The Council of the European Union on Oct. 9 adopted regulations for the ReFuelEU initiative.
Deals: 🌊 Ocean Rainforest secures $4.5M to ramp up Californian kelp production.
Movers and Shakers: 🌞 ENEA and Enel have developed an 'algovoltaic' system to cultivate high-value microalgae.
Around the web: 🖨️ The end of genes: routine test reveals unique divergence in protist genetic code.
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
General
🏁 A4F announces the conclusion of its ambitious R&D project, EXTRATOTECA. (Read more HERE).
🤝 Climate investor Katapult shows off all 23 new investments (Read more HERE).
Macroalgae
🧴 Sustainable Ventures announces investment in PlantSea, a start-up tackling plastic pollution with seaweed (Read more HERE).
🌱 Suffolk County, Long Island releases new seaweed cultivation plan (Read more HERE).
💨 Dutch feed additive Bovear cuts cattle methane emissions in Australian testing - tough competition for seaweed? (Read more HERE).
🌶️ Barnacle Foods launches Habanero Hot Sauce made with Alaska-grown kelp (Read more HERE).
📈 Cellular Goods shares rise on Springtide Seaweed kelp farming deal (Read more HERE).
🌱 Nori seaweed germinating process begins in Hyogo Prefecture (Read more HERE).
💸 The US Agency for International Development (USAID), on behalf of the United States Government, has declared a $29 million allocation to bolster aquatic and fish farmers in Nigeria, Bangladesh, Kenya, and Zambia (Read more HERE).
🌱 Open sea IMTA farming inaugurated in Thoothukudi (Read more HERE).
🤝 Aperture Pet & Life announces collaboration with the AltaSeads Conservancy non-profit organisation (Read more HERE).
💸 Metalchemy Collaboration awarded £750k grant from Innovate UK for agar- agar bioplastics (Read more HERE).
♨️ Mataram University students develop hybrid electrical seaweed dryer (Read more HERE).
🍕 BettaFish enter B2B market with brand new product, TU-NAH (Read more HERE).
🚲 Sir Chris Hoy embarks on Firth of Forth relay triathlon to ensure future for Scotland's sea kelp forests (Read more HERE).
🌱 Progress updates since the £65k grant from Ferry Farm Community Solar and Meadow Blue Community Energy was awarded to kelp recovery in Sussex (Read more HERE).
💸 Ocean Rainforest secures $4.5M to ramp up Californian kelp production (Read more HERE).
😋 EMILY Seaweed Crisps are launching in Waitrose & Partners stores (Read more HERE).
📈 Kelp Forest Foundation’s excellent quarterly update (Read more HERE).
Microalgae
🤝 Murdoch University’s commercial algae spin-off Algae Harvest has struck another significant partnership to develop renewable energy applications for its research (Read more HERE).
✈️ The Council of the European Union on Oct. 9 adopted regulations for the ReFuelEU initiative. The new law aims to boost both the demand for and supply of sustainable aviation fuel (SAF) within the European Union (Read more HERE).
🟢 TotalEnergies works on biomass conversion solutions and biofuels (Read more HERE).
☀️ ENEA and Enel have developed an 'algovoltaic' system to cultivate high-value microalgae, ranging from €100 ($106.19)/kg to €600/kg for pharmaceutical uses or cosmetic purposes (Read more HERE).
🍔 New foods can go from yucky to yummy as people's perceptions evolve: an update on the NextGenProteins algae project (Read more HERE).
🤝 GC Rieber VivoMega and OmegaQuant team up to provide omega-3 index level testing at SupplySide West (Read more HERE).
💸 The Department of Energy (DOE) has granted ASU researchers, Dr. Harvey Hou and Dr. Vida Dennis, a $318,000 grant to conduct high levels of research in solar energy and forensic science using cyanobacteria (Read more HERE).
🟢 Carbon dioxide electrolysis project receives $5 million for food production initiative. Includes a plan for algae production (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in algae this week?
General
🧪 Ocean acidification set to triple by 2100—what this means for the US coast (Read more HERE).
Macroalgae
🌊 Deep-sea solution seeding hope for struggling but essential seaweed farming industry. Great piece about Climate Foundation (Read more HERE).
🛋️ Agoprene wants to stuff your couch with seaweed (Read more HERE).
🐟 Novel alginate biomaterial delivers medication directly to fish gut (Read more HERE).
🌍 Study clearly identifies nutrients as a driver of the Great Atlantic Sargassum Belt (Read more HERE).
🌱 Meet the start-up that's making seaweed more sustainable: Coast 4C (Read more HERE).
📢 Key players in Scotland’s rapidly growing seaweed industry will be gathering in the picturesque west coast town of Oban next month for the Annual Conference of the Scottish Seaweed Industry Association (SSIA) (Read more HERE).
🌱 Scituate: the most Irish town in America was built on the seaweed industry (Read more HERE).
Microalgae
🧬 The end of genes: routine test reveals unique divergence in protist genetic code (Read more HERE).
🩹 Plasma technology transforms microalgae coating for wounds (Read more HERE).
📊 Predator-prey defence mechanisms unlock key to marine biofuel production?(Read more HERE).
🎀 Australian waterway turns Barbie-pink (Read more HERE).
📄 (Paper) Utilization of lignocellulosic hydrolysates for photomixotrophic chemical production in Synechococcus elongatus PCC 7942 (Read more HERE).
🏠 Acoels have been found to host a wide diversity of symbiotic, photosynthetic microalgae (Read more HERE).
💉 UCSC iGEM 2023 addressing harmful algal blooms through synthetic biology (Read more HERE).
💄 How Snow Group revitalised Algotherm, a pioneer in marine cosmetics (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