Between 2005-2012, venture capitalists poured millions into startups attempting to make fuel from microalgae, getting their fingers badly burned in the process. But could algae be gearing up for a second bloom?
Biomaterials startup Loliware has already scaled its alt-plastic straw made from seaweed and will introduce other products in the near future.
It also announced the official opening of its manufacturing facility in North Carolina, where it will scale production of its kelp-based yarn.
CH4 is starting with an initial focus on Australia, New Zealand, and North America beef cattle, including a partnership with ingredients processor CirPro.
The New Zealand startup just closed its pre-seed round.
The Californian startup is helping to make seaweed “the most abundant, most sustainable” source of protein on Earth.
Marine bioproducts derived from resources like algae could add $3 billion to the Australian economy by 2035 – while also building a more resilient food system.
Novel Farming Systems – which includes CEA, aquaculture, and insect production – was the second best-funded agtech category last year, according to AgFunder.
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.
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