SEA4
Lead Manager
Minimum Investment
A$5,000
Asparagopsis is a naturally occurring red seaweed native to the Western Australian Coast.
CSIRO researchers found that when Asparagopsis taxiformis is added to cattle feed it significantly neutralises the methane produced in the animals’ stomachs.
In addition to reducing methane emissions from Asparagopsis feed supplement, CSIRO researchers recorded a potential of 20% growth rate enhancement during a 90-day feeding period due to the energy intensive nature of methane generation.
FutureFeed exists to support the use of Asparagopsis as a natural ingredient for livestock to significantly reduce carbon emissions.
They are the global IP holder for the technology and combine what’s good for the environment with what’s good for business.
FutureFeed build the animal science, certification and marketing to support the growth of the entire value chain and deliver supply chain access to seaweed producers through their license agreements.
SeaStock is a FutureFeed licensee.
As a Future Feed licensee, SeaStock are backed by a decade of world class science which has conclusively proven that Asparagopsis is extremely effective at reducing methane in ruminant animals.
Research has shown that it can reduce methane emissions by more than 80% when consumed at the low optimum level based on delivery of the bioactive marker identified as bromoform and that it is both safe for animal and subsequent human consumption.
The research was the result of a unique collaboration between a team of scientists from CSIRO and James Cook University, supported by Meat and Livestock Australia (MLA) more than a decade ago.
While SeaStock's current focus is on the production of Asparagopsis based methane reducing feed supplements for ruminant livestock, SeaStock is actively engaged in identifying additional adjacent markets for other seaweed-based compounds which are currently the focus of new and ongoing research worldwide.
SeaStock’s patent pending dual extraction method to release the natural compounds in Asparagopsis can also be applied to other seaweed and algae species.
Australia’s Asparagopsis forecast demand is estimated to be 75,000mt (wet weight) annually by 2030 to offset methane generated by ruminant livestock. Additionally there is a global opportunity to produce and export Asparagopsis based feed supplements and products to major ruminant livestock producing countries.
The demand for seaweed products in the food industry is increasing globally due to its proficiency in adding nutritional value to food products. Examples of algae based food products include as supplements to a range of meat products, fish, fish products and oils, cereal based products such as pasta, flour and break and fermented products including cheese, cream and yoghurt.
Algal compounds can be used in a variety of cosmetic and personal care products with the market set to benefit from the continued focus on naturally derived, sustainable products.
High grade seaweed compounds have been proven for therapeutic use as an antioxidant, tumour suppressant, anti-inflammatory, anti-allergy, bacteria reduction and antiviral capacity among other identified uses. Compounds derived from seaweed and algae are currently in use across the pharmaceutical industry to treat a range of conditions including gall stones, stomach ailments, eczema, cancer, renal disorders, scabies, psoriasis, asthma, arteriosclerosis, heart disease, lung diseases and ulcers.
SeaStock has an agreement for circa 300ha of aquaculture site in the fertile, pristine waters of the Abrolhos islands. Alongside our research partners, the company has exemptions from DPIRD to extract samples for research from multiple WA sites.
SeaStock has now secured approval for access to additional sites across Western Australia, including the Exmouth Gulf, Dampier Peninsula and the Kimberley Coast. The islands have a rich history of aquaculture and our leased area has established infrastructure of:
Resulting in faster research results and the ability to scale up to commercial production.
SeaStock signed a memorandum of understanding (MOU) with the Geraldton Fishermen’s Co-op (GFC) in 2022 to allow the company to repurpose underutilised infrastructure.
SeaStock signed a lease agreement with the GFC in 2022 to build and house a pilot plant in Fremantle at one of the Co-Op’s existing facilities. The pilot plant and operational HQ is now complete with research conducted onsite in Fremantle.Further GFC sites are currently under review to facilitate SeaStock’s commercial expansion.
Repurposed Geraldton Fishermen’s Co-Op facilities in Fremantle at Molfetta Quays were established in May 2023 as SeaStock’s initial pilot plant and operational headquarters.
Once SeaStock is able to fine tune the cultivation process at the Fremantle based pilot plant, the Company will then focus on building a fully operational plant that is able to produce Asparagopsis derived concentrate in sufficient commercial quantities to meet domestic and global demand.
Chairman
Bryant is an Australian Financial Services Licensee with more than 25 years real experience in Equities & Capital Markets, mainly in the innovation space.
He is the founder, Chairman and Director of many successful Private, ASX and LSE companies and is currently Chairman of Mac Equity Partners and Executive Director of Universal Biosecurity Ltd and digital trading platform, Liquidity.
His past directorships include London Stock Exchange listed aircraft leasing company Avation (AVAP), Hazer Group (HZR), EMvision (EMV), PharmAust (PAA) and synthetic chemistry business, Epichem.
He was IPO lead manager for Remsense, (REM) Wide Open Agriculture (WOA), Nanollose (NC6), Pharmaust (PAA), EMvision (EMV) and Hazer (HZR).
Managing Director
Tom has 27 years of corporate Australian Agricultural and Food Industry experience with a strong track record in project delivery, growth strategies, international trade marketing and commerce. He is also currently the CEO of Universal Biosecurity Ltd, delivering a sustainable fumigation technology solution for invasive pests.
His key career experience that will benefit SeaStock’s growth include;
Director
Greg is an experienced and entrepreneurial agribusiness leader with over 25 years’ experience in the Asia Pacific region. He has a deep knowledge of the global strategies and trends that will determine the future of the agri-food industry.
Today Greg is a co-founder and MD of one of WA’s largest agricultural investment companies, PenAgri Group. He is also a Non-Executive Director of Agora Livestock, Alterra Ltd, Carbon Conscious Ltd and D’Orsogna Limited.
Previously, Greg held roles including CEO and MD of Interflour Group, and CEO of Andrew and Nicola Forrest’s agricultural investment vehicle Harvest Road Group. He was an inaugural Director of the asparagopsis licensor Future Feed.
Greg is a graduate of the University of Western Australia, Monash University and the INSEAD Business School. He is a Fellow of the Australian Institute of Company Directors.
Company Secretary
Sam Wright has twenty years experience in the administration of ASX listed companies, corporate governance and corporate finance. He is a member of the Australian Institute of Company Directors, the Financial Services Institute of Australasia, and the Chartered Secretaries of Australia.
Mr Wright is currently a Director of ASX listed companies, PharmAust Limited, Reach Resources Limited and Structural Monitoring Systems plc.
Mr Wright is Company Secretary for ASX listed companies, Buxton Resources Limited and Wide Open Agriculture Limited and has also filled the role of Director and Company Secretary with a number of unlisted companies.
Mr Wright has extensive experience in relation to public company responsibilities, including ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting, and shareholder relations with both retail and institutional investors.
Mr Wright is the Managing Director of Perth-based corporate advisory firm Straight Lines Consultancy, specialising in the provision of corporate services to public companies.
Chief Financial Officer
Tim Whyte is a finance professional with over 15 years of experience working within and advising ASX and FTSE listed companies. He is a member of the Institute of Chartered Accountants Australia & New Zealand and has expertise working across several industries including food, agriculture, manufacturing, mining and oil & gas.
Tim is passionate about growing businesses and thrives on working in high growth environments. His recent experience includes CFO at Wide Open Agriculture Ltd where he was responsible for development and execution of the business’ strategy. Prior to this he held senior commercial finance positions at Inghams Group Ltd and Manager in EY’s Transaction Support and Audit teams.
Tim has extensive experience in ASX reporting, business analysis, transaction due diligence, financial modelling and budgets/forecasts.
Chief Technology Officer
Tom joins SeaStock from Woodside where he worked as technologist based in WA for the past five years, responsible for the commercialisation of various technologies and for conducting market research into remote sensing technologies.
Tom holds a Bachelor of Aeronautical Engineering (Space) with Honours from the University of Sydney. His areas of focus and expertise include commercial and technical engineering project development, technical analysis, robotics and IOT, logistics and design
Disclaimer
This site does not constitute an offer, recommendation or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of SeaStock Pty Ltd. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents or advisers makes any representation or warranty about its accuracy, reliability, completeness or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data or advice contained or for any omission or for any other information, statement or representation provided to any recipient (including, but not limited to, as a result of information, data or advice being inaccurate, unreliable, incomplete or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this “Notice and Disclaimer” is invalid, illegal or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business, may directly share in this commission. Liquidity and its associates may hold shares in SeaStock Pty Ltd.
