🐢The Seaweed Company talks positive market signals and product development
PLUS Hatch Blue secures $10 million to invest in next round of startups, and Volta Greentech secures $3.2 million.
“1 kilogram of beef treated with our seaweed blend saves 8 kilograms of C02, 1,800 litres of water and 25m2 of land from deforestation” — Joost Wouters, The Seaweed Company
Dear seaweed and microalgae investors, buyers, operators, and technologists, welcome to another edition of the Paxtier Report!
Food for thought this week…
I'm delighted to drop our brand new "Turtle Talks" podcast series, developed in partnership with The Seaweed Company (TSC)!
In this first episode of our 5-part show, we sit down with Joost Wouters, the CEO of TSC, to discuss Ireland's potential as a European seaweed farming hub and celebrate the unveiling of TSC's new macroalgae processing facility in Donegal.
Here are some of the talking points:
→ Why is Joost still passionate about seaweed after six years building TSC...?
→ What are some of the most encouraging signals in the space?
→ The biggest challenges right now?
→ How does TSC approach product development and marketing?
→ How does TSC navigate relationships with retailers?
→ What are TSC's thoughts on proving out the climate benefits of seaweed farming more?
→ How much of an issue is social licensing up in Donegal, Ireland?
Check out the podcast on Spotify, Apple Podcasts, or YouTube.
Hope you enjoy ... (And get in touch with me or Joost if you'd like to discuss opportunities in Ireland!)
Have a great day folks.
— Peter
In today’s report…
Markets: 📈 ARPA-E announces $150M to develop systems that provide abundant primary energy, enable intermodal energy transport, and sustainably meet demand for polymers & other materials.
Deals: 🤝 Hatch Blue secures $10 million to invest in next round of startups.
Movers and Shakers: 🌊 Volta Greentech secures $3.2 million.
Around the web: 💡Seaweed forests are an overlooked component of oceanic carbon storage, study finds.
Markets and Investing
✂️Market Snippets
Some big moves in recent weeks…
General
🌊 AltaSea, in San Pedro, inaugurates the USA’s largest ocean technology hub (Read more HERE).
🌊 Hatch Blue secures $10 million to invest in next round of startups (Read more HERE). The group also launched a unique blue carbon venture programme in Singapore with Idemitsu (Read more HERE).
Seaweed
🌿 Indonesia launches International Tropical Seaweed Research Centre (Read more HERE).
💸 Volta Greentech secures $3.2 million to develop the second generation of the feed supplement Lome. The company states that the new supplement reduces greenhouse gas reduction costs by ten times (Read more HERE).
🌿 Seagreen Insights shares fresh notes on the US seaweed sector (Read more HERE).
🌿 New Look to sponsor Carbon Kapture's kelp farms (Read more HERE).
💸 ALEHOOP, a European project funded by Sustainable Bio-Based Europe, has successfully used pilot-scale biorefineries to recover sustainable proteins from macroalgae (seaweed) and legume byproducts (Read more HERE).
Microalgae
💸 ARPA-E announces $150M to develop systems that provide abundant primary energy, enable intermodal energy transport, and sustainably meet demand for polymers & other materials (Read more HERE).
🤝 Verne, a data centre solutions provider, has announced a new partnership with the biotech food producer VAXA to offset its residual carbon emissions in Iceland (Read more HERE).
💸 Mote and partners receive $3.2 million from DEP to develop technologies to combat algal blooms (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in seaweed and microalgae this week?
Seaweed
🧪 (Paper) Seaweed forests are an overlooked component of oceanic carbon storage, study finds (Read more HERE).
🧪 (Paper) Mussel and seaweed farming can boost wild fish populations (Read more HERE).
🌿 Japan, 2024. A remarkable collaborative seaweed journey! (Read more HERE).
🌿 Interview: the EU Algae initiative helps fishers become ocean farmers (Read more HERE).
Microalgae
🐟 Novel ingredients can help plug aquaculture supply gap. But who will pay? (Read more HERE).
🟢 Using sewage sludge to combat algal blooms (Read more HERE).
🟢 Algae offers new carbon emissions solution in Austin, Texas (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