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Plans to create a $60 million seaweed farm off Namibia unveiled October 30,2020   |  Source: The Fish SIte

Plans to invest $60 million to create the world’s largest kelp farm 3-10 kilometres off the coast of Namibia have been announced today.

A joint project involving Kelp Blue, Climate Investor Two (CI2) and the Namibia Infrastructure Development and Investment Fund (NIDIF), the funding will cover the initial five-year phase, and will come from both international and local Namibian sources through CI2 and NIDIF, pending investment approvals, while Kelp Blue will seek the necessary Namibian regulatory approvals and will liaise closely with local authorities.

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 farmed seaweed will be harvested to produce alternative agri-food, bio-stimulant and textile products.

Kelp Blue’s business model aims to add value across the entire kelp value-chain. The introduction of offshore engineering innovations and novel processing technologies will reduce overheads and increase scalable process efficiencies. Economic development will be promoted through the creation of value-added products in Namibia for local

 

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