SeaStock
27/08/2024
SeaStock Pty Ltd, a leading global marine science solutions company specialising in onshore seaweed cultivation and compound extraction (SeaStock or the Company), has received its first order for the commercial supply of concentrated natural bioactive compounds. The natural compounds are extracted from native Asparagopsis seaweed, produced by way of SeaStock’s unique land-based production and patented dual-extraction technique at its facility in Fremantle.
The receipt of the order from FutureFeed Pty Ltd (FutureFeed), marks a major milestone for SeaStock, which is Western Australia’s first and only accredited producer and seller of Asparagopsis and is a culmination of three years of research and development work by the Company.
The supply order is the first under a Memorandum of Understanding between SeaStock and FutureFeed, which will see the companies collaborate to evaluate the concentrate and work on pathways to adoption.
Product being supplied is a super concentrate of natural bioactive compounds found in Asparagopsis that significantly reduce methane emissions generated by livestock, which currently account for around 15% of global greenhouse emissions.
The highly concentrated product allows SeaStock to export small volumes stabilised in Western Australian produced canola oil to demand markets, which can be diluted to required inclusion rates in feed systems. It could be utilised for compound, mash and lick block feed applications providing customers with flexibility in terms of how the product is introduced to livestock and dependent on individual needs.
The FutureFeed order will support the company’s efforts to drive adoption of Asparagopsis both domestically and internationally. The SeaStock concentrate contains bioactives that can reduce livestock methane emission by up to 90%, meaning it can have a significant role to play in meeting agricultural emissions reduction targets.
Managing Director and Co-founder, Tom Puddy said: “This is a significant milestone for SeaStock. It’s the culmination of years of hard work by our team and solidifies our role as leaders in the seaweed industry. With our first commercial order now secured, we are progressing our plans for the expansion of our production and processing facilities in WA to cater for expected demand growth globally. I’d like to take this opportunity to thank FutureFeed for their support as we continue to work together to reduce carbon emissions in the agricultural sector. “
CEO of FutureFeed, Alex Baker said: “SeaStock have taken an innovative approach in applying biorefining to seaweed and this Asparagopsis oil concentrate demonstrates progress of the growing supply base assisting our efforts to position Asparagopsis as a major contributor in driving down methane emissions in the agricultural sector.”
