SeaStock signed a memorandum of understanding (MOU) with the Geraldton Fishermen’s Co-op (GFC) in 2022 to allow the company to repurpose underutilised infrastructure.
SeaStock signed a lease agreement with the GFC in 2022 to build and house a pilot plant in Fremantle at one of the Co-Op’s existing facilities. The pilot plant and operational HQ is now complete with research conducted onsite in Fremantle.
Further GFC sites are currently under review to facilitate SeaStock’s commercial expansion.
Repurposed Geraldton Fishermen’s Co-Op facilities in Fremantle at Molfetta Quays were established in May 2023 as SeaStock’s initial pilot plant and operational headquarters.
Once SeaStock is able to fine tune the cultivation process at the Fremantle based pilot plant, the Company will then focus on building a fully operational plant that is able to produce Asparagopsis derived concentrate in sufficient commercial quantities to meet domestic and global demand.