Methane Reducing Feed
A CSIRO trial found that a diet containing 0.2% asparagopsis reduces bovine methane by 98%
Australia’s Asparagopsis forecast demand is estimated to be 75,000mt (wet weight) annually by 2030 to offset methane generated by cattle production.
There is a global opportunity to produce and export concentrated Asparagopsis to major cattle producing countries. Further trials are underway for other agriculture animal groups, including chicken, pork and sheep.
The Australian Government plans to use feed supplements to reach Net Zero. Prime Minister Scott Morrision has recently created a billion dollar fund for Net Zero technologies, specifically referencing feed supplement as one of the leading technologies.
A major focus of the plan is identifying technological solutions for reducing methane emissions from livestock. This is Australia’s largest source of agricultural emissions and represents around 10% of our total emissions.