Western Australian-based biotech company SeaStock has received the Louis Dreyfus Corporation (LDC) Climate Resilience Prize in Lausanne, Switzerland.
SeaStock was one of more than 1200 startups from across the globe selected to take part in this year’s accelerator program located in Lausanne, Switzerland, which commenced in May of 2023. SeaStock was the only Australian company to be selected as a finalist. The startup was recognized for its technology-based approach to assist the agriculture industry in reducing its greenhouse gas emissions.
Mass Challenge President Ian Roberts said that SeaStock was named as LDC Climate Resilience Prize Laureate because of its potential to deliver rapid impact by cutting emissions from the world’s dairy and beef herds.
“SeaStock provides a solution that can plug into the existing supply chain, thus scale fast to cut emissions in the short and medium term. They create a meaningful impact as we speed up global transition to a future where alternative proteins take a much bigger share of our diet.”
“Winning the LDC Climate Resilience Award is global recognition and validation that our innovative approach to seaweed cultivation and processing is commercially scalable and can have a direct impact on reducing methane emissions from livestock,” said SeaStock Managing Director Tom Puddy. “We need the support of governments to do this and to help primary producers to incorporate cost effective, proven and sustainable solutions into their operations.”
“We’ve shown at our Fremantle-based hatchery and pilot plant that we can produce and extract commercially valuable products from seaweed grown in a controlled environment and that we can do so sustainably using renewable energy sources, cost effectively with high purity and high concentration while retaining a natural ingredient status.”
Mass Challenge Switzerland partners Buhler Group, Givaudan, Nestle, DSM, Louis Dreyfus Company and Sudzucker promote the challenge with the aim of identifying startups or scaleups with proven solutions or technology in the areas of sustainable food and feeding solutions, sustainable supply chain and manufacturing, sustainable packaging, and Agri Tech.
Shortlisted companies are given a direct pathway to multi-national corporations to explore ways to collaborate with them and to assist them to scale their technology.
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