SES Gain 40,000 Tons in Seaweed Deal

MarineLink.com
Thursday, December 19, 2013
Seaweed harvesting: Photo SES

Seaweed Energy Solutions (SES) says it has reached an agreement to buy all of Norway's Biotrål AS in a deal that transforms SES' position as one of Europe's leading producers of seaweed.

The combination of SES and Biotrål, a leading harvester of wild seaweed, opens up new business opportunities by immediately increasing volumes to supplement SES' growing seaweed farming operations, improving logistics, boosting economies of scale and reducing the seasonal impact on production.

Biotrål, based on the island of Frøya in Norway, owns two ships and operates all year long.

"Biotrål's ships and its staff's long experience at sea, combined with SES' cultivation skills and infrastructure, is a powerful combination that makes sense," said SES chief executive Pål Bakken. "Moving into the wild harvest business fits perfectly with SES' strategy."

Seeing market opportunities as it develops the production scale necessary for seaweed as an alternative energy source, SES has decided to adopt a flexible business approach by also offering seaweed products in other areas. The purchase of Biotrål marks an important step in that strategy.

Since 2009 SES says it has invested about 13 million euros on developing low cost cultivation technology suitable for large-scale cultivation in both coastal and fully exposed waters.  In Norway, SES is in the process of securing additional cultivation licences to scale-up the operation.
 

 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Gulf of Mexico Sees First LNG-powered OSV

A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico.   The vessel, Harvey Energy, is chartered

Bestobell Bags Hat Trick Order in China

Bestobell Marine, part of the President Engineering Group, has received its third order in the past 12 months from Hudong Zhonghua shipyard in China. The deal

Panama Accredits Maritime Security Firm

The Panama Maritime Authority has accredited ESC Global Security personnel to offer protection aboard Panamanian-registered vessels, in what is thought to mark

Offshore

Maersk Oil Hires Ampelmann Gangway System

After having performed a walk to work (W2W) campaign in the summer of 2014, Motion Compensation Gangways (MCG) developer Ampelmann has again been awarded a contract

Lamprell Delivers Jackup Rig to Greatship

Lamprell announced it has completed construction on jackup drilling rig Greatdrill Chaaru, delivering the rig to Greatship Global Energy Services Pte. Ltd.    Greatdrill

Ensco Announces Cash Tender Offer

Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5).

Environmental

New Tool for Recovering Oil from Sunken Wrecks

A tool for removing oil trapped in submerged vessels has been developed in Norway by design specialists Miko Marine.   The launch of the Moskito aims to address

Gulf of Mexico Sees First LNG-powered OSV

A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico.   The vessel, Harvey Energy, is chartered

Vancouver Container Fire Closes Port

A large portion of Canada's biggest port was shut down on Wednesday after a chemical fire broke out amid numerous shipping containers piled up in a yard east of Vancouver's downtown core.

Mergers & Acquisitions

UK Will Force Fridman to sell N.Sea Assets

Britain is ready to force the sale of Russian oligarch Mikhail Fridman's recently acquired North Sea energy assets unless it receives unspecified assurances within the next week,

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

Genting Acquires Crystal Cruises

Crystal Cruises has been sold for $550 million to the owner of Asia's largest cruise line and a major shareholder of Norwegian Cruise Line.    Crystal's parent company,

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2000 sec (5 req/sec)