Joint venture will bring together two market leaders in seaweed innovation and commercialization.
Collaboration signals further growth for CH4 Global as commercialization begins in Australia and New Zealand.
SINGAPORE - MARCH 1, 2021 - Seadling Pte Ltd and CH4 Global Inc have announced the creation of a joint venture company to drive innovation and the expansion of commercial scale Aparagopsis taxiformis across Asia.
Asparagopsis seaweed holds the key to addressing the huge GHG impact of methane emissions from cattle. Trials in the US and Australia have shown unequivocally that when used in cattle feedstock, Asparagopsis reduces methane emissions in ruminants from 60 to over 90%.
Malaysia based Seadling has pioneered innovation in seaweed cultivation leading to higher yields, faster growth, temperature tolerance and disease resistance. The company will team up with CH4 Global, a market leader in commercial seaweed cultivation, with operations in Australia and New Zealand. CH4 is working on commercial cultivation on the South Australian coast plus in New Zealand and holds licensing agreements for the sale of asparagopsis in Australia and New Zealand.
The joint venture company, Kurnia Marine Pte Ltd, will begin with a multi-year research & development program to optimize the growth and increase understanding of the reproductive cycles of Asparagopsis taxiformis with a goal of improved commercial scale cultivation techniques for seed stock, nursery and hatchery facilities.
Kurnia Marine will initially focus on Malaysia before exploring opportunities to expand across Asia. There are over 60 million dairy cattle in Asia which represent a potential market worth over $45 billion.
Seadling Managing Director, Dr. Simon Davis, shared,
“Seadling and CH4 Global share a deeply held belief that seaweed can improve both the environment and community welfare, and this joint venture offers the chance really shift the needle. Asia has been leading the world in seaweed farming for centuries and we are keen to support farming communities to quickly grow the vast quantities of Asparagopsis needed to avert a climate crisis on our planet while improving their income and creating jobs.”
Over the next two decades, the impact of the annual GHG output of the 1.5 billion cows on the planet is greater than the annual GHG output from China and it is imperative we tackle this major problem with urgency.
“Our vision is zero methane agriculture and this joint venture will help make the commercial reality of this venture stronger and more robust as well as helping future aquafarmers across South East Asia benefit from this new seaweed crop” explained CH4 Global CEO and co-founder Dr. Steve Meller. “The scaled impact of this opportunity to reduce methane emissions from the world’s cattle is larger than any other single intervention on climate change and we believe everything we can do to accelerate the scale up is critical to close the emissions gap outlined each year by the UNEP emission gap report and get the world on track towards success by 2030.”
About CH4 Global
CH4 Global, Inc., founded in 2018, is on an urgent mission to positively impact climate change worldwide. With expertise in turning ambitious ideas into successful, fit-for-purpose products, CH4 Global enables customers to radically reduce methane emissions in support of the 2-degree Celsius target. Its first line of methane-reducing cattle feed additives is derived from Asparagopsis Seaweed, for large beef and dairy producers, which, even if adopted for only 10% of cattle, would deliver more climate benefit than decommissioning 50-100 million fossil-fueled cars. CH4 Global is headquartered in Henderson, NV, with subsidiaries in Australia and New Zealand. Learn more about CH4 Global and our recent news.
CH4 GLOBAL, INC.
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