FutureFeed is commercialising a livestock feed additive made from the seaweed Asparagopsis that research trials in Australia and the USA have shown can reduce methane emissions in beef and dairy cattle by more than 80 percent. The company plans to develop a full value chain for the supplement, from seaweed cultivation and production through processing and feed manufacture to supply beef and dairy industries globally. FutureFeed expects commercial volumes to be supplied into the Australian beef and dairy market by mid-2021, with international markets to follow. The supplement has been developed and trialled over more than five years by CSIRO in collaboration with Meat & Livestock Australia and James Cook University. CSIRO scientists estimate that if the additive were adopted by 10 percent of beef feedlots and dairy industries globally, it could cut livestock greenhouse gas emissions by around 120 megatonnes per year — roughly equivalent to taking 50 million cars off the road for a year. The company also notes the supplement supports productivity in addition to reducing emissions.

Total raised

$13M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2020