Seaweed Solutions

Overview
News
Sustainable Aquaculture?
Product stageSegments
Minimum Viable Product
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Farming (Shellfish/Aquatic plants)
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Seaweed Solutions (SES), founded in 2009, is a pioneering company in large-scale ocean farming of seaweed. The company specializes in seaweed cultivation, leveraging its technology, know-how, and experience to capitalize on global seaweed business opportunities. SES has developed an internationally patented solution called the Seaweed Carrier, designed for cultivating kelp on a specially designed sheet-like structure. This innovation mimics a large seaweed plant, moving freely in the sea, enabling seaweed cultivation in deeper and more exposed waters. The technology aims to make seaweed cultivation commercially viable in Europe and the US by reducing the high labor costs associated with traditional Asian cultivation methods.

SES has been involved in cultivation research across nine locations from Portugal to North Norway, gathering crucial knowledge and data on seaweed farming potential in various environments. The company has established an industrial-scale seaweed hatchery and breeding center in Norway, along with a pilot farm that is one of the largest seaweed cultivation farms in Europe. Seaweed cultivation offers numerous environmental benefits, including enhancing water quality, reducing acidity by absorbing CO2, and capturing important nutrients like phosphorus from land-based agriculture, all without the need for fertilizers.

The seaweed market is projected to grow significantly, with estimates suggesting it could reach 9.3 billion euros by 2030, with Europe potentially capturing 30% of this market. Seaweed has diverse applications, including use in animal feeds, food ingredients, biofuels, bio-plastics, and pharmaceuticals. The global commercial seaweed market is expected to reach USD 21.75 billion by 2025, primarily driven by increased interest from the food and beverage industry.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Bynesveien 50C Trondheim NOR
Founded year:
2009
Employees:
11-50
IPO status:
Private
Total funding:
USD 25.5 mn
Last Funding:
USD 4.7 mn (Seed; Jan 2023)
Last valuation:
-
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