📈 South Korea achieves $700 million in seaweed exports, breaking record-high performance.
PLUS: Cashi Cake secure $3.7M and Chile loses thousands of salmon and trout to algal blooms.
“There’s fish processors here and they are interested [in seaweed], but until there’s a larger market, it’s not worth it for them to buy any equipment or get involved” — Alysha Cypher, Prince William Sound Science Centre.
Dear algae technologists, operators, and investors, welcome to another edition of the Paxtier Report!
To kick things off this week, check out this awesome update from Claudio Fuentes Grünewald:
Find out more HERE.
In today’s report…
Markets: 📈 South Korea achieved $700 million in seaweed exports, breaking record-high performance.
Deals: 💸 Future Planet Capital has invested in Nutri-San at pre-seed.
Movers and Shakers: 🤝 An historic agreement was signed between AgriSea, and Crown Research Institute AgResearch.
Around the web: 🐟 Chile loses thousands of salmon and trout to algal blooms.
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
General
🧱 Built by Nature to award €500,000 in first global prize focused on biobased construction materials (Read more HERE).
🌱 Upl inaugurates global NPP research centre, advancing innovation in sustainable agriculture (Read more HERE).
Macroalgae
🌿 Invasive seaweed found in San Diego Bay prompts warning from agencies (Read more HERE).
📦 Seaweed snack brand taps Mitsui and Neste for biobased PP packaging (Read more HERE).
🤝 XL Holdings buys stake in Sabah-based firm to venture into seaweed cultivation activities (Read more HERE).
💸 LA startup Cashi Cake secures $3.7M to promote seaweed-based functional sweets, beverages (Read more HERE).
💱 First seaweed trade association launches in Australia (Read more HERE).
🌊 Yorkshire coast seaweed farming firm looks for offshore expansion (Read more HERE).
🌱 Caulerpa's spread has some Aotea Great Barrier locals throwing in the towel (Read more HERE).
📈 South Korea achieved $700 million in seaweed exports, breaking record-high performance (Read more HERE).
🥧 Seaweed and bacon pie sees customers flock to bakery (Read more HERE).
💰 EU-funded project aims to solidify wind farms as viable aquaculture sites (Read more HERE).
👨✈️ Cordova kelp farmers need to process their harvest. A scientist is piloting a solution (Read more HERE).
💦 Macro Oceans launches new hydrating ingredient from Alaska seaweed (Read more HERE).
🏷️ South Korea’s CU launches new Deuktem product series. Features seaweed snacks (Read more HERE).
![[Courtesy of CU]](https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F652030c4-2062-4085-8938-3f69810e946a_600x400.jpeg "[Courtesy of CU]")
🐉 Cymru Can - new strategy from the Future Generations Commissioner for Wales - is launched from Car y Mor seaweed farm, St Davids (Read more HERE).
📈 The Philippines reported a 2.1 percent year-on-year growth in fisheries production volume, which posted 1.01 million metric tons during the third quarter. “The production of seaweed, big-eyed scad, round scad, yellowfin tuna, and Indian mackerel drove the annual increase in fisheries production volume during the period” (Read more HERE).
🍟 ZALG launches crispy seaweed sticks made from locally grown French seaweed (Read more HERE).
💸 Future Planet Capital has invested in Nutri-San at pre-seed (Read more HERE).
😴 Eden Project collabs with Hypnos Beds to bring a new collection featuring 15 different plant-based materials, including banana, orange and pineapple fibres, bamboo, cotton and a seaweed-infused viscose sleep surface (Read more HERE).
🐶 Dr. Marty Pets introduces new tailored formulas of dog food (Read more HERE).
🐄 Last week saw the final feeding session for Stockyard’s cattle in a 200 day Asparagopsis feed trial (Read more HERE).
🍔 Atlantic Sea Farms announces national roll-out of Ginger Sesame and Basil Pesto Sea-Veggie burger at Whole Foods Market (Read more HERE).
🛁 The Seaweed Bath Co. is a loan recipient of the Whole Foods Market Local Producer Loan Program (Read more HERE).
🤝 An historic agreement was signed between AgriSea, and Crown Research Institute AgResearch (Read more HERE).
📦 Ahana by TORAJAMELO opts for Biopac seaweed packaging (Read more HERE).
Microalgae
🇮🇹 FoodSeed Accelerator: Unveiling seven 'Made in Italy' startups ready to revolutionize the Italian Agri-Foodtech sector - including Hypesound, the startup behind So’Sweep, a device that reproduces sound waves for accelerating microalgae growth (Read more HERE).
🟢 Isis Sugar Mill plans to use wastewater to grow algae for human food and fuel (Read more HERE).
💯Algae-C identifies 100 pharma molecules produced by proprietary microalgae (Read more HERE).
🤝 Algine Plus partners with One Lavi to expand U.S. market presence (Read more HERE).
👁️ Kemin announces the publication of new scientific data on Neumentix and healthy eye neural tissues (Read more HERE).
🟢 Divi’s Nutraceuticals will present innovative beta-carotene solutions for clean labels at FiE 2023 (Read more HERE).
💪 Power Life by Tony Horton introduces new high impact protein flavour - Strawberry Vanilla - featuring Aquamin's® nutrient-rich algae- product (Read more HERE).
🤩 Carbon Equity's Climate Tech Portfolio Fund II is nearing its final close as it's more than 85% full. To date, Carbon Equity has committed to two leading climate funds, At One Ventures and Extantia, and 11 fast-growing climate tech companies including Gigablue (carbon removal via ocean phytoplankton) (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in algae this week?
General
🎣 Analysis: why biomass removals credits like biochar are luring investors - Reuters (Read more HERE).
❌ Carbon-dioxide-removal options are multiplying (Read more HERE).
📄 Chilean scientists develop bioactive paper to extend fruit shelf-life (Read more HERE).
🗑️ Seafood waste: A billions-losing issue with billions-earning potential (Read more HERE).
Macroalgae
🌿 Scientists, volunteers work to restore Oregon kelp forests (Read more HERE).
🐓 The November edition of Asian Poultry Magazine features Ian Hutchinson's article on seaweed (Read more HERE).
🚚 The app where seaweed supply meets demand (Read more HERE).
🍕 'Like a 40-metre pizza': the seaweed farms that could feed us all – at a cost (Read more HERE).
🌿 Meet the Nova Scotians on the frontiers of farming kelp (Read more HERE).
🚗 From ocean to road, GAC adds plastic, seaweed & bio-based materials to hydrogen ERA car (Read more HERE).
✅ SAMS reveals public trust is essential for UK seaweed aquaculture success (Read more HERE).
👁️ Earth & Halo wins Eye Product Of The Year 2023 with Caulerpa extract (Read more HERE).
Microalgae
🐚 Could the world's fastest growing bivalve be the farmed seafood of the future? Featuring algae feed (Read more HERE).
🔋 Algae photovoltaics for hydrogen production: South Korea researchers have developed a cell by merging green algae with carbon nanofibers, to generate 9.5 W per cell and achieve a peak efficiency of 0.9%. They claim this is enough to power a micro-generation system for hydrogen production (Read more HERE).
🦐 Discovered in the deep: the ancient plankton that fill a major evolutionary gap (Read more HERE).
🐟 Chile loses thousands of salmon and trout to algal blooms (Read more HERE).
🍅 Cultivating euglena in tomato juice (Read more HERE).
🏆 CyanoSkin was chosen as an IET Excellence and Innovation Awards 2023 winner (Read more HERE).
🟢 (Paper) Taming the perils of photosynthesis by eukaryotes: constraints on endosymbiotic evolution in aquatic ecosystems (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