Plans to create a $60 million seaweed farm unveiled
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.
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