💡Recommendations for the EU seaweed and algae sector
PLUS Fermentalg announces successful capital increase, and milestone achievement for CH4 Global.
“Standards are very important. There are already several published standards for algae products in Europe. But we need many more and these will take multiple years to develop.” — Vitor Verdelho, EABA.
Dear seaweed and microalgae investors, buyers, operators, and technologists, welcome to another edition of the Paxtier Report!
Food for thought this week…
Let's discuss EU seaweed and microalgae sector recommendations...
Together with the brilliant Stefan Kraan (TSC), Felix Leinemann (DG Mare), and Vitor Verdelho (EABA), we sat down to explore recommendations, policy, industry insights, and continent-wide blue economy growth strategies.
Here's what we covered 👇
→ Experiences working with microalgae and seaweed over the years?
→ Updates on EU4Algae.
→ Creating standards for the sector...?
→ Working together to solve challenges like contamination...
→ Perspectives on wind-farming meets seaweed farming.
→ Recommendations to stimulate the EU seaweed and microalgae sectors.
→ How to raise ambition levels for governments in the EU? And how do we ensure they follow recommendations?
Check out the podcast on Spotify, Apple Podcasts, or YouTube.
Hope you enjoy!
Have a great day folks.
— Peter
In today’s report…
Markets: 📈 The first group of cattle to be fed CH4 Global’s seaweed-based feed additive on a commercial scale have met all relevant quality standards and are now destined for the Australian food market.
Deals: 🤝 Fermentalg announces successful capital increase, raising EUR 12.8 million.
Movers and Shakers: 🌿 SELT Marine announces victory at the FIPA 2024 award.
Around the web: 💡GC Rieber Vivomega completes $75 million expansion for omega-3 production.
Markets and Investing
✂️Market Snippets
Some big moves in recent weeks…
Seaweed
🐮 The first group of cattle to be fed CH4 Global’s seaweed-based feed additive on a commercial scale have met all relevant quality standards and are now destined for the Australian food market (Read more HERE).
🌊 Running Tide's financial woes lead to closure of the marine carbon dioxide removal company (Read more HERE).
🌿 Algapelago have launched a research project to understand the potential of cultivated kelp for nature restoration in North Devon (Read more HERE).
🌿 Hortimare details encouraging progress in the world of Dulse cultivation (Read more HERE).
🌿 The University of Western Australia and Canopy Blue highlight efforts to restore kelp forests at scale and generate carbon credits (Read more HERE).
🌿 SELT Marine announces victory at the FIPA 2024 award for innovation and sustainable commitment in Tunisia (Read more HERE).
Microalgae
💸 Fermentalg announces successful capital increase, raising EUR 12.8 million (Read more HERE).
📈 GC Rieber Vivomega completes $75 million expansion for omega-3 production (Read more HERE).
🟢 South Korean refiner explores SAF production from algae (Read more HERE).
🤝 Nippon Koei gets grant for eco-friendly method using live algae for natural greening (Read more HERE).
🤝 AGWA and Believer Meats to collaborate on establishing commercial, production, and research centres in Abu Dhabi (Read more HERE).
🤝 Reed Mariculture Inc has announced a partnership with INVE Aquaculture to distribute Inve products in the United States and Canada (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in seaweed and microalgae this week?
Seaweed
🌊 New World Ocean Council series “Blue Horizons” showcases Purina’s commitment to advance the regeneration of soil and ocean ecosystems (Read more HERE).
🌿 Can sea lettuce breathe new life into the Philippines' seaweed sector? (Read more HERE).
🌿All Natural Revolution: Seaweed-based nutrition in petfood (Read more HERE).
🌿 Kelp help? How Scotland’s seaweed growers are aiming to revolutionise what we buy (Read more HERE).
🌿 (Paper) Exposure to iodine, essential and non-essential trace element through seaweed consumption in humans (Read more HERE).
🌿 (Paper) Temporal variability of sea surface temperature affects marine macrophytes range retractions as well as gradual warming (Read more HERE).
Microalgae
🟢 (Paper) Physical structure of the environment contributes to the development of diversity of microalgal assemblages (Read more HERE).
🟢 GC Rieber VivoMega predicts expansion of algal oils in omega-3 industry (Read more HERE).
🟢 (Paper) Fatty acid composition of Chaetoceros muelleri across different harvesting regimes in automated photobioreactors (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