Company: Kelp Blue
Industry: Seaweed Production
Overview: Kelp Blue will cultivate giant kelp 3-10 kilometres off the coast of Namibia, near Lüderitz. Kelp is a fast-growing seaweed and has the ability to sequester more CO2 than terrestrial forests while boosting marine biodiversity and improving fish stocks and generating additional ecological benefits, including counteracting ocean acidification and de-oxygenation. The seaweed canopy will be sustainably harvested to produce alternative agri-food, bio-stimulant and textile products.
TerraProtein advised Kelp Blue on raising pilot funding and follow-up funding contingent on pilot success