🍃🌊The Paxtier Report 250823
🌊 Energy industry urges government to deliver 'workable routes to market' for BECCS, and Fremantle Seaweed awarded $4M in funding.
“We innovate all the time and launch about 10 new flavours every year. We think a lot and fail a lot. We don’t have to hit 10 out of 10. If we can hit one out of 10, that’s enough.” — Itthipat Peeradechapan, TaoKaeNoi Food & Marketing (TKN)
⭐ Calling technical aquaculture experts! Join Climate Tech Studio Marble (based in France) as a CTO for an innovative CDR venture: Carbon removal & mineralisation through marine organisms. Background in technical aquaculture scaleup, open ponds, or offshore? Let's talk! Fill out this form ⭐
Dear algae technologists, operators, and investors, welcome to another edition of the Paxtier Report!
First off, thank you for the amazing response to last week's survey. Your feedback is invaluable for the newsletter.
Now, let's kick off this week's issue by showcasing Ella Marushchenko's superb representation of punctate structures in algae…
Find out more HERE.
In today’s report…
Markets: 🤝 Biomass strategy: energy industry urges government to deliver 'workable routes to market' for BECCS.
Deals: 💸 Fremantle Seaweed has been awarded $4M in funding from the Department of Jobs, Tourism, Science and Innovation.
Movers and Shakers: 🏆 How Thai multi-millionaire Itthipat Peeradechapan went from rags to riches selling seaweed snacks.
Around the web: 🌎 Scotland’s biotech industry is protecting our oceans - Douglas Martin from MiAlgae.
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
General
📝 According to an Aug. 15 statement released by Trident Seafood, market shifts are forcing the company to change some of its plans for future development (Read more HERE).
🛣️ Biomass strategy: energy industry urges government to deliver 'workable routes to market' for BECCS (Read more HERE).
🏆 Blue Ridge Graphics is now certified by the Sustainable Green Printing Partnership. The company is eyeing algae made from ink next (Read more HERE).
📈 ASC-certified farms exceed 2,000 globally, up 22% from 2021 (Read more HERE).
💬 SAGE launches gender equality dialogues for the seafood industry (Read more HERE).
Macroalgae
🚨 Global Seaweed New and Emerging Markets Report, created by Hatch for The World Bank (Read more HERE).
🌱 India simplifies aquaculture rules, easing compliance for small-scale farmers (Read more HERE).
🛒 Building India’s first seaweed marketplace: the algae store (Read more HERE).
🌱 South Korean cosmetic manufacturer BioSpectrum has found that Sargassum fusiforme extract boosts pigmentation process in skin and hair (Read more HERE).
🌱 Tasmania’s Sea Forest to scale up production of methane-busting seaweed, highlights challenges (Read more HERE).
🌱 West Coast kelp forests among habitat restoration projects funded by Scottish salmon farmers (Read more HERE).
🌱 Young agriculture graduate is using seaweed to produce organic fertiliser and support organic food growers and urban gardens across Liberia (Read more HERE).
🤝 South Korea’s Unlimeat partners with Just Egg to unveil vegan kimbap and breakfast sandwich (Read more HERE).
💡 Iconic beaches near Cancun are being rescued using an unlikely ingredient — sargassum (Read more HERE).
🥔 From ocean to potato fields: seaweed biostimulant Algifol to make waves at British potato show (Read more HERE).
💸 Fremantle Seaweed has been awarded $4M in funding from the Department of Jobs, Tourism, Science and Innovation (Read more HERE).
🌱 Cargill is increasingly focused on fishery improvement programs and is “pioneering” the use of regenerative agriculture practices in raw materials for global aquaculture, according to its latest Aqua Nutrition Sustainability Report (Read more HERE).
🌯 BettaF!sh launches at 70+ immergrün Franchise GmbH stores. As of this week, you can get TU-NAH Tahini Wraps from immergrün locations across Germany - eat in or delivered (Read more HERE).
✍️ The kelp business is booming. Can regulators keep up? (Read more HERE).
🌱 Shell LiveWIRE Malaysia 2023: winning teams showcase seaweed innovations (Read more HERE).
🌱 CH4 Global wins Norrsken 2023 Impact/100 Award (Read more HERE).
🌱 Startup invests to revitalise Scotland's seaweed sector (Read more HERE).
📈 Algine Plus expands nutritional supplements range to United States (Read more HERE).
🌱 After five years of development, Royal Greenland is ready to commercialise seaweed grown in Greenland's fjords (Read more HERE).
Microalgae
🟢 Haryana govt to introduce spirulina-based product to combat malnutrition (Read more HERE).
🟢 South Korea: Daesang says newly developed ingredient “has the potential to revolutionise the plant-based food Industry” (Read more HERE).
🎓 With students’ help, project seeks to clean lakes and reuse algae (Read more HERE).
💸 Algiecel decarbonisation project lands €2.4 million funding (Read more HERE).
🤝 ZIVO announces commitment by ZWorldwide to purchase all Zivolife(TM) algal biomass product created over the next 18 months (Read more HERE).
🤝 London-based startup Brilliant Planet has leased 6,100 hectares of land outside the remote coastal town of Akhfenir in southern Morocco (Read more HERE).
📈 Cyanotech reports financial results for the first quarter of fiscal 2024 (Read more HERE).
🟢 Algosource reveals two marine ingredients to counteract joint pain (Read more HERE).
🟢 Hownd unveils plant-based pet treats with benefits (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in algae this week?
General
🌿 ‘Possible, but still far away’: offshore wind farms and aquaculture may one day go hand-in-hand (Read more HERE).
🏫 Check out Inspire – Restorative Aquaculture: A 3-week intensive programme which provides training and theory in seaweed farming, finfish, shellfish and algae biology, culturing, growth and molecular and metabolite analysis (Read more HERE).
📋 Explore where CDR suppliers and ecosystem actors are and see how many tonnes they have sold and removed (Read more HERE).
📢 Aquaculture is key to meeting demand for sustainable seafood in California and across U.S (Read more HERE).
Macroalgae
🤑 How Thai multi-millionaire Itthipat Peeradechapan went from rags to riches selling seaweed snacks (Read more HERE).
🔪 It’s the ‘Swiss army knife of the sea’. But can kelp survive rising marine heat? (Read more HERE).
📄 (Paper) Reframing the contribution of pelagic Sargassum epiphytic N2 fixation (Read more HERE).
📄 (Paper) Seaweed biogeochemistry: Global assessment of C:N and C:P ratios and implications for ocean afforestation (Read more HERE).
🚧 Workshops in Tallinn show how to use local algae in construction (Read more HERE).
🧀 Microbes, mealworms and seaweed could inform the future of cheese (Read more HERE).
🌱 TalentView: Olavur Gregersen, Ocean Rainforest (Read more HERE).
🛢️ Sea6 Energy: farming the ocean, and exploring the possibility of making crude oil from seaweed (Read more HERE).
🟩 Why seaweed investing could have you seeing green (Read more HERE).
Microalgae
🛡️ Scotland’s biotech industry is protecting our oceans - Douglas Martin from MiAlgae (Read more HERE).
🟢 Tiny algae have huge potential for Saudi Arabia’s bioeconomy (Read more HERE).
📄 (Paper) Mesophotic foraminiferal-algal nodules play a role in the Red Sea carbonate budget (Read more HERE).
🥟 The best not-pork dumplings are from algae (Read more HERE).
🟢 Microalgae can detoxify methylmercury, study finds (Read more HERE).
🟢 Can microalgae ‘Ghost Proteins’ resurrect alt-meat? (Read more HERE).
💼 Jobs
⭐ Calling technical aquaculture experts! Join Climate Tech Studio Marble (based in France) as a CTO for an innovative CDR venture: Carbon removal & mineralisation through marine organisms. Background in scaleup, open ponds, or offshore aquaculture? Let's talk! Fill out this form and start your journey ⭐
🌊 Macro Oceans and Industrial Plankton are hiring scientists! Check out the positions 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