SES Gain 40,000 Tons in Seaweed Deal
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.
Stolt-Nielsen Limited Acquires Stake in Alternative Energy Start-Up
Stolt-Nielsen Limited (Oslo Børs: SNI) announced today that it has acquired through one of its subsidiaries a non-controlling interest in Seaweed Energy Solutions AS ("SES"), an alternative energy start-up focused on the development of bioethanol and biogas production from the sustainable large-scale cultivation of seaweed. Founded in 2006, SES holds a patent for the Seaweed Carrier, the first structure to allow the cultivation of seaweed on an industrial scale that is essential for creating the biomass required for the production of biofuels…