According to The Australian Financial Review, CSIRO, Australia’s national science agency, confirmed that it has formed a new company, backed by Woolworths, GrainCorp and Andrew Forrest, to take a methane-busting seaweed to market.
FutureFeed will commercialise a livestock feed additive made from the seaweed asparagopsis. The feed additive has been shown to reduce methane emissions in beef and dairy cattle by more than 80 per cent in trials in Australia and the US.
FutureFeed is aiming to develop an integrated supply chain from seaweed farming through to processing and feed manufacture in order to supply global beef and dairy industries.
The company expects to see commercial volumes of the feed additive supplied into the Australian beef and dairy market by mid-2021 followed by international markets.
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