💎 Peter's algae picks this week 💎 - I scroll, so you don't have to!
INCLUDING: CHITOSE and Shiseido form $7M partnership to enable microalgae cosmetics. And Ocean Harvest shares gain on 65% revenue growth and record customer pipeline.
"To scale at the speed required, we need to be able to modularise our application. The new solution enables us to copy, paste, and scale at each site.” — Adam Taylor, CEO at Brilliant Planet.
⭐ Are you an algae company looking for investment? Let's have a conversation! Fill out this form and we’ll explore how to support your growth⭐
Dear algae technologists - hello and welcome to the Paxtier Report!
To start the email this week, check out Reuben Brown's “day in the life” clip from down under…
When Reuben’s algae ponds needed a deep clean during uni holidays, his mates decided to step up - easy work when payment is beers and sandwiches! 😂 🍻🥪
In today’s report…
Markets: 🌊 Ocean Harvest shares gain on 65% revenue growth and record customer pipeline.
Deals: 🤝 CHITOSE and Shiseido form partnership through $7M to enable microalgae cosmetics.
Movers and Shakers: 📈 Brilliant Planet to scale algae-based carbon capture process with universal automation solution from Schneider Electric and Platinum Electrical Engineering.
Around the web: 🌎 Aaron Eger presents the Kelp Forest Alliance at the International Oceanographic Commission - UNESCO General Assembly.
Jobs: 💼 Industrial Plankton is hiring!
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
Macroalgae
💸 Grant awarded to develop AI-based tools to aid Indonesian seaweed farmers (Read more HERE).
🤝 Maine seaweed farming company secures a kelp dryer and promptly decides to share it (Read more HERE).
🌊 Vevolution to host pitch event featuring five novel alt protein startups. Check out Poseidona (Read more HERE).
🌱 King Tide Carbon and Springtide Seaweed announce joint venture for kelp carbon removal (Read more HERE).
🧆 North Coast Seafoods launches kelp meatballs (Read more HERE).
💸 UK aquaculture companies land £16.3 million from Defra's Seafood Fund (Read more HERE).
📈 Ocean Harvest shares gain on 65% revenue growth and record customer pipeline (Read more HERE).
🤝 Digital platform for stakeholders in India’s seaweed sector set to take-off (Read more HERE).
🌱 Kwale in Kenya plans to go big with seaweed farming (Read more HERE).
💸 Government of Canada invests in OrganicOcean's growth (Read more HERE).
💸 Sargassum recycling challenge offering $100,000 prize (Read more HERE).
🤝 EU-Japan Summit: Commission lifts the Fukushima restrictions on food imports (Read more HERE). Meanwhile, Hong Kong eyes seafood ban from 10 Japan areas if Fukushima water released (Read more HERE).
🌱 Small trial in Eden could be the precursor to kelp farming along the Far South Coast (Read more HERE).
🌱 Ales Grey teams up with Sway to reinvent shoe packaging (Read more HERE).
Microalgae
💸 SOCAR Turkey to produce jet fuel from microalgae (Read more HERE).
🤝 Brilliant Planet to scale algae-based carbon capture process with universal automation solution from Schneider Electric and Platinum Electrical Engineering (Read more HERE).
💸 Japanese conglomerate NTT takes USD 100 million dive into AI-enhanced land-based aquaculture (Read more HERE).
💸 CHITOSE and Shiseido forms partnership through $7M to enable microalgae cosmetics (Read more HERE).
🟢 Nuzest-USA receives award for best all-natural superfood protein source (Read more HERE).
🏆 Black & Veatch’s IgniteX climate tech accelerator program announces 2023 participants. Well done Spira Inc! (Read more HERE).
📈 Fermentalg : H1 2023 Sales / New strategic plan in Fall (Read more HERE).
🐦Tweets of the week
Great to see Aaron Eger present the Kelp Forest Alliance at the International Oceanographic Commission - UNESCO General Assembly. Great work!
🔥 What else was hot in algae this week?
Macroalgae
🐄 Benefits of tropical red seaweed by-products in crossbred calves (Read more HERE).
💸 Consumers will pay premium for seaweed products (Read more HERE).
🌱 (VIDEO) Algal development and evolution. Dr. Susana Coelho, Director and Scientific Member at the Max Planck Institute for Biology in Tübingen, Germany, introduces her department’s research in Algal Development and Evolution (Read more HERE).
🌱 Seaweed simplicity. Instead of mechanising his successful seaweed harvesting company, Maine Seaweed, Larch Hanson says he is developing “an old man’s economy of motion,” and refining his simple systems to accommodate that (Read more HERE).
🌱 Got Seaweed? Could kelp help New England's declining seafood industry? (Read more HERE).
♻️ Could seaweed become a mainstream packaging material? (Read more HERE).
💨 Supermarkets put farmers on notice they will have to provide farm specific emissions data (Read more HERE).
🌱 Singapore delegates learn from Australia’s fish farming scene to balance output and sustainability (Read more HERE).
🌱 Rongcheng fishermen cultivate marine farms (Read more HERE).
🌱 Kelp and seaweed forests are overlooked climate change solutions, new research reveals (Read more HERE).
🦐 Small ocean creatures use their faeces to help seaweeds have sex (Read more HERE).
🐄 ‘Red sea plume’ alga may significantly reduce greenhouse gas emissions from cow manure (Read more HERE).
🌱 Seaweed-based manufacturing company Sea&Soil is empowering over 1500 rural women in rural coastal Fiji (Read more HERE).
🌱 Why sinking seaweed would be a titanic mistake (Read more HERE).
🍬 This startup is making candies and drinks from seaweed (Read more HERE).
🐄 Seaweed feed trial shows milk production promise (Read more HERE).
🌱 For the Shinnecock Kelp Farmers, reseeding the bay is a way to keep ties with their cultural heritage (Read more HERE).
🌿 New study unveils the deceptive role of seaweed in reef health (Read more HERE).
Microalgae
✅ Scientists find vital missing ingredient for healthy vegan diet – algae (Read more HERE).
🟢 Automated identification of harmful algae blooms (Read more HERE).
📝 (Paper) Phylogeny and biogeography of the algal DMS-releasing enzyme in the global ocean (Read more HERE).
🔬 Analogous to algae: scientists move toward engineering living matter by manipulating movement of microparticles (Read more HERE).
🟢 As demand for fish oil increases, Corbion sees big potential for its fast-growing algae oil business (Read more HERE).
🟢 Discovery of new gene unveils sex determination in green algae (Read more HERE).
📝 (Paper) UDP-glucose pyrophosphorylase as a target for regulating carbon flux distribution and antioxidant capacity in Phaeodactylum tricornutum (Read more HERE).
🔋 Utilising microalgae in recycling used batteries: a path to sustainable eco-friendliness and economic viability (Read more HERE).
🟢 New study shows effect of climate change on ocean colour (Read more HERE).
🟢 Turning the tide on alternative seafood: Strategies to close the supply-demand gap (Read more HERE).
📢 HyChem announce new LinkedIn page as they progress in their mission towards a sustainable and carbon-neutral future (Read more HERE).
⚡Join the Phyconauts - a brand new community for folks working in microalgae/cyanobacteria to share openly, collaborate and communicate! (Read more HERE).
💼 Jobs
🌊 Industrial Plankton Inc. is hiring!
Industrial Plankton, a fantastic company based in British Columbia, is searching for a Seaweed Biologist, who will support the Chief Science Officer in optimising gametophyte production in the company’s new seaweed bioreactors.
You will be responsible for running experiments to improve the seaweed bioreactors, develop SOPs for producing multiple species of seaweed gametophytes, and assist in planning future projects from a biological perspective. This is the perfect role for someone who yearns to innovate, build, and support the seaweed industry.
Check out the position at Paxtier's algae job board HERE.
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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