has been awarded $4M in funding from the State of Western Australia through the Investment Attraction Fund.
Summary
This expansion may include expansion of the scale, species and solutions e.g. from a small 32 hectare proof of concept site focused on Asparagopsis to a multisite commercial operation growing multiple species for multiple products and markets. This expansion will deliver the economic, social and environmental benefits associated with a commercial business producing a solution to greenhouse gas emissions. In the post project period, the plan is to expand to additional sites beyond the initial two. Produce Asparagopsis with a Bromoform content of 6 milligrams per gram (mg/g), required by The Commonwealth Scientific and Industrial Research Organisation (CSIRO) patent license, at a consistent yield of 8 tonnes wet weight per hectare at the start of the project period, increasing to 12.5 tonnes wet weight per hectare by the end of the project period. Produce 2,500 tonnes per annum of wet weight seaweed by project completion, increasing to 8,125 tonnes by year five.Thanks to Government of Western Australia and Department of Jobs, Tourism, Science and Innovation, the team at the Access RnD + EMDG who wrote the grant application, Drift who provide the seaweed scientific advice for our operations, For Blue for supporting our capital raise, Ryan Chatfield from Commotion Media, the team Four Stripes for brand and website development, Aquaculture Council of Western Australia (ACWA) for promoting the aquaculture industry in WA, ASSA Australian Sustainable Seaweed Alliance and FutureFeed for supporting the seaweed industry, Jeremy Newman for legal counsel.