💡Using light pollution to grow algae
PLUS Algenesis gets funding to scale production, and 12 Tides launches in nearly 500 Whole Foods stores
"We are excited to take this next step in our growth journey, and this funding will support us to scale production and meet the growing demand for Soleic® PU systems” — Steve Mayfield, Founder and CEO of Algenesis
Dear algae technologists, operators, and investors, welcome to another edition of the Paxtier Report!
To kick things off this week, check out 4F Studio’s “Lighthouse” algae bioreactor that makes use of light pollution caused by streetlights.
According to the designers, the bioreactor would be capable of producing the equivalent of two lettuces-worth of nutrition in one night.
Find out more HERE.
In today’s report…
Markets: 📈 US agency outlines Alaska’s aquaculture growth plan
Deals: 💸 Algenesis gets funding to scale production
Movers and Shakers: 🍾 12 Tides launches in nearly 500 Whole Foods stores
Around the web: 💡 From kingfish to insects: insights from the €200m ocean impact fund
Markets and Investing
✂️Algae Market Snippets
Some big moves in recent weeks…
General
💸 The U.S. Department of Energy (DOE) announces $36 million for 11 projects across 8 states to accelerate the development of marine carbon dioxide removal (mCDR) capture and storage technologies (Read more HERE).
📈 US agency outlines Alaska’s aquaculture growth plan (Read more HERE).
Macroalgae
📈 OCEANIUM has successfully processed ~79T of sustainably farmed, European seaweed (Read more HERE).
💸 CAF to fund sargassum management initiative (Read more HERE).
🌱 Taiwan-based team succeeds in improving cultivation of seaweed species on land. Taiwan is also developing a methodology for carbon credits generated from algae cultivation and recently trialed farming at offshore wind farms (Read more HERE).
🌱 Tralee's BioAtlantis part of European Commission initiative to create climate change resilient crops (Read more HERE).
🌱 Seaweed and shellfish farmers invited to apply for new regenerative farming accelerator (Read more HERE).
🌱 THE Forum for African Women Educationalists (FAWE) in Zanzibar has urged government authorities and development partners to prioritise support for seaweed farmers (Read more HERE).
🥡 Prince William persuades Aston Villa to use Notpla’s seaweed food packaging (Read more HERE).
🍾 12 Tides launches in nearly 500 Whole Foods Market stores (Read more HERE).
💸 Conservation International Ventures and Hatch Blue are inviting applications for their third, fully-funded Women in Ocean Food Innovation Studio, which is set to take place in La Paz, México, from 15-26 January 2024 (Read more HERE).
🌱 Cultured Supply announces algae pricing index (Read more HERE).
🍾 Barnacle Foods debuts kelp-based habanero hot sauce (Read more HERE).
📢 China hires thousands of people to solve a seaweed blooming problem (Read more HERE).
🌱 The Philippines’ Department of Agriculture (DA) is looking at the potential of seaweed as an alternative, cost-effective feed for livestock and animals (Read more HERE).
🍾 Introducing Living Jin’s Agar Agar powder, a “substitute” for gelatin (Read more HERE).
Microalgae
💸 SIU researchers get $194K grant to stop algae from making toxins (Read more HERE).
🍾 AlgaLab® launches new algal EPA Clara™ oils and powders at SupplySide West (Read more HERE).
💸 Algenesis gets funding to scale production (Read more HERE).
🙌 Frontier IP acquires Deakin Bio-Hybrid Materials stake (Read more HERE).
🍾 Synoxis Algae unveils new website (Read more HERE).
🟢 Corbion extends pet food offerings with algae-based omega-3s as consumers prioritise animal health (Read more HERE).
🟢 Dsm-Firmenich will soon launch an algae-based oil in North America that it says offers the same EPA:DHA ratio as standard fish oil does (Read more HERE).
🐦Tweets of the week
🔥 What else was hot in algae this week?
General
👍 DOE's AlgaePrize student competition returns to inspire next-generation bioeconomy professionals (Read more HERE).
Macroalgae
🧴 Exploring biotech beauty products which are increasingly filling our bathroom cabinets (Read more HERE).
✒️ Studio bycolor deconstructs seaweed pigment to craft cotton, silk, and wool tiles (Read more HERE).
🌿 Kelp industry fights for new workers in Hokkaido (Read more HERE).
🌿 Fucoidan: OCEANIUM’s preliminary results show bioactive’s potential to support gut and heart health (Read more HERE).
🌿 Why certification is key for the long-term health of the seaweed sector (Read more HERE).
💸 From kingfish to insects: insights from the €200m ocean impact fund (Read more HERE).
Microalgae
📝 (Paper) Genetics re-establish the utility of 2-methylhopanes as cyanobacterial biomarkers before 750 million years ago (Read more HERE).
🐟 Peruvian anchovy fishing season authorised to commence to meet fish oil demand (Read more HERE).
🟢 Halophytic algae features at the 2023 Wilbur-Ellis Innovation Award (Read more HERE).
🌊 Product manufacturers are looking to the ocean for resources (Read more HERE).
🦠 Strange new fossils give light on prehistoric plankton (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