Australia predicts a great future for algae production

The Australian state corporation for the development of the agro-industry AgriFutures Australia has published a plan to create a seaweed industry in the country. It is estimated that the value of the new industry could reach US $ 1.5 billion by 2040. The plan was initiated by Joe Kelly, executive director of the Australian Seaweed Institute. He believes that the cultivation and processing of algae opens up huge opportunities for the development of the country's "blue economy". The head of the institute notes the prospects of growing algae of the genus Asparagopsis for livestock feed. By 2025, they can feed 30% of the country's livestock, writes, referring to the document, the Australian meat industry news portal Beef Central. The plan also provides for more active cultivation of kelp around fish farms to purify water and generate additional income, create biofilters to remove excess nutrients and other ways to use seaweed. It is assumed that in 20 years the industry could grow in ...