Business
Big guns pile into seaweed for green cattle – The Australian Financial Review
Seaweed farmer Sea Forest’s new shareholders include Macquarie Infrastructure and Real Assets and Rich Lister Peter Gunn after a $34 million raising.
The biggest bottleneck is producing asparagopsis, a seaweed native to Australia, in commercial quantities.
Sea Forest is the largest producer of asparagopsis in the $11 billion and counting world seaweed market.
The Australian Seaweed Institute has forecast the Australian asparagopsis market could be worth $100 million by 2025 and $1.5 billion by 2040. It is understood FutureFeed will reap a royalty of about $1 on every kilogram produced for the livestock industry.
Sea Forests $34 million rasing…
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