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

People & Company News

Raytheon Anschütz Opens Service Center in Panama

German navigation system manufacturer Raytheon Anschütz has established its new subsidiary Raytheon Anschuetz Panama, S. de R.L., in Panama City.   The new company,

ISS Palumbo UK Acquires Union Transport

ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd.

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Offshore

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

Damen Delivers Custom-Made Offshore Winches to Fugro

Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to Fugro. The Dutch shipyard was responsible for the design,

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

Environmental

Europe's Offshore Wind Capacity Growing

New capacity edges down 5 pct from record 2013; industry body forecasts stable growth over 2015/6. Europe's offshore wind capacity kept up a steady rate of growth

Long Beach Port to Boost Power, Speed Clearance

Port of Long Beach Chief Executive Jon Slangerup on Thursday unveiled ambitious plans for congestion-beating smart systems for cargo movement and an all-out

31 ARENA Projects Completed

ARENA has invested $1 billion in more than 230 projects, fellowships and scholarships that are paving the way for a more diverse energy future for Australia.

Mergers & Acquisitions

ISS Palumbo UK Acquires Union Transport

ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd.

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

Imabari to Construct Newbuilding Dry Dock

In order to accommodate construction of Ultra-Large newbuilding vessels including recently secured 20,000TEU Mega container ships (about 400m in length and about 59m breadth),

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar Winch
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: 0.3233 sec (3 req/sec)