It’s aiming to build “the world’s largest algae factory” to supply raw material for a feed supplement that can reduce livestock methane emissions by up to 80%.
Sea Forest will use the funds to start supplying commercial quantities of seaweed that Australian science agency CSIRO has shown to reduce cattle methane emissions by as much as 80%.
Emerging from stealth, GrainCorp-backed FutureFeed will build a value chain from the ground up to cultivate and commercialize its seaweed additive.
The Faroese company wants to make sea-bound macroalgae farming less labor intensive, and more able to withstand the elements.
Biological innovation is key to the economic & environmental sustainability of CEA