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            A PROMISING INDUSTRY                         SEAWEED AND BLUE

            IN EUROPE                                    CARBON: A GROUND-
                                                         BREAKING STUDY
            A detailed analysis of 223 European seaweed com-
            panies, published by  Seaweed for Europe in a   The second session provided the exclusive opportu-
            2021 report, shows that the last ten years have been   nity to unveil the study  on carbon sequestration by
                                                                          4
            marked by an extremely high trajectory: “The Euro-  seaweed, produced on the initiative of NGO Ocean
            pean pipeline does not only comprise businesses in   2050. Its president, Alexandra Cousteau, wasted no
            the start-up phase, but also quite commercially ma-  time in introducing eminent marine ecologist Carlos
            ture businesses. It is extremely solid”, Jennifer Ring   M. Duarte, Professor at the King Abdullah University
            from Seaweed for Europe, remarks.  “30% of these   of Science and Technology (Saudi Arabia) and Chief
            businesses are not dedicated to a single application,   Scientist at Ocean 2050. The latter pointed out that
            because seaweed offers a whole range of applica-  “wild seaweed contributes to carbon sequestration at
            tions, sometimes with a zero-waste objective”. From   the same level as seagrass, mangroves and salt mar-
            an investment point of view, the seaweed market   shes all combined”. The study, led by the Professor,
            is becoming increasingly attractive, the amount in-  took samples of sediments (3,300 samples) located
            vested has multiplied by a factor of 23 since 2012.   under 21 seaweed farms across the globe to deter-
                                                         mine the carbon sequestration potential. Some have
            Launched in February 2022, EU4Algae is a brand-  existed for 3 years, others, such as the one in Tokyo
            new collaborative e-platform whose goal is to disse-  Bay, have been there for 300 years. Covering an area
            minate information on the seaweed sector in Europe.   varying  from  1  hectare  to  150,000  km , each farm
                                                                                       2
            “We are trying to see how this sustainable and re-  has a unique layout. The methodology used to as-
            generative production method can be optimised, we   sess carbon sequestration was based on the analysis
            are developing support mechanisms for the seaweed   of accumulated carbon stocks carried out by Profes-
            business, as well as ocean farming in the countries of   sor Antonio Delgado at the Andalusian Institute for
            Europe”, says Maris Stulgis, European Commission   Earth Science Research (Spain), as well as the dating
            DG MARE and Head of EU4Algae.                of the various soil strata by Doctor Pere Masque from
                                                         the UN International Atomic Energy Agency (IAEA) in
                                                         Monaco.



                                                         4. “A seaweed aquaculture imperative to meet global sustainability
                                                         targets”, Carlos Duarte et al., Nature Sustainability, October 2021.

              IN
              FIGURES




                ■  2/3 of seaweed farm soils have high levels
                of organic carbon,

                ■  2 tonnes of CO  / hectare: the annual average
                               2
                level of carbon sequestration.


            SEAWEED FORESTS: THE AMAZON OF THE SEA
                ■  7.2 million km , i.e. the equivalent of the
                               2
                Amazon Forest which borders the planet’s
                coastlines. (source: Duarte et al., 2022)
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