Oceanium raises 2.3 M€ to scale-up its seaweed biorefinery platform

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Type of post: NEWS IN BRIEF.

Oceanium, UK-based seaweed processing and food & material innovation company, has announced the close of a seed round worth 2.3 M€, led by Green Angel Syndicate with World Wildlife Fund. It will use the funds to scale up its proprietary biorefinery and processing model to open up the market for the nascent sustainable seaweed farming industry.

Figure 1. Seaweed (credits: Seaweed Solutions)

Oceanium’s refining method has been developed to process seaweed for applications including use in plant-based foods and sustainable packaging material as an alternative to plastic. Oceanium uses cascade refinery techniques to enable the production of home-compostable packaging materials and climate-friendly food ingredients including protein, fibre and bioactive nutraceuticals from sustainably farmed seaweed. Seaweed farming is a regenerative form of aquaculture that absorbs CO2 and nitrogen, increases biodiversity, and can generate additional income and livelihoods along coastal regions.

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