Maine’s Lobster Fishers Pivot to Seaweed Farming

 Seagriculture EU 2024

Maine’s lobster economy could be in jeopardy as warming waters force the crustacean population north. So, lobster fishers are increasingly switching to the potentially much larger business of seaweed farming. All in all, this is not necessarily a bad thing.

Today Maine is responsible for 80% of US seaweed production. To illustrate the role Maine plays in the world’s seaweed market, there’s no better viewing angle than the Seagriculture conference, held last week in Portland, Maine. Nearly 300 macroalgae influencers from 18 countries and 185 organizations converged at the Westin hotel to plant the seeds and clear the paths to move from a $2million current US market to a projected $5billion one over the next 10 years.

In this video, CNBC’s Diana Olick joins “Power Lunch” to discuss warming waters jeopardizing Maine’s lobster economy, lobster fisherman pivoting towards seaweed farming, and the Atlantic Sea Farms startup expanding its efforts to grow the seaweed industry.

Seagriculture USA 2024
AlgaeMetrics

Subscribe

Breaking-News

  • April 19, 2024: Hospitalized COVID-19 patients who took spirulina had a lower risk of death than those who did not, according to results of a randomized controlled trial recently published in Frontiers in Immunology. READ MORE...
  • April 17, 2024: A research team exploring the untapped potential of seaweed farming for carbon sequestration is positioning Taiwan to play a role in offsetting global carbon emissions. READ MORE...
  • April 15, 2024: Somater, a French manufacturer of plastic and polymer primary packaging for cosmetics, pharmaceuticals, food, and industry, has partnered with French start-up Eranova to create a 100% bio-based line of packaging from green algae collected on the banks of a brackish water lagoon near Marseille, in the south of France. READ MORE...
  • April 12, 2024: Global warming is triggering significant shifts in temperate macroalgal communities worldwide, favoring small, warm-affinity species over large canopy-forming, cold-affinity species. A new study delves into the impacts of increasing sea surface temperature on the subtidal macroalgal communities in the southeastern Bay of Biscay over the last four decades. READ MORE...

Algae Europe 2024

A Beginner’s Guide