BPH Global (ASX:BP8) is allocating an R&D budget of $250,000 to its new seaweed research and development (R&D) program to include essential mineral extraction and carbon credit opportunities.
The new projects will focus on extracting macro and micro minerals from seaweed for commodities markets and specific industries like the battery sector, leveraging artificial intelligence (AI) to enhance nutraceutical and mineral extraction processes.
Additionally, the company aims to sell seaweed cellulose fibre to various industries, contributing to carbon sequestration efforts and qualifying for blue carbon credits.
The initiative underscores BPH Global’s commitment to commercialisation and sustainability, with planned activities including identifying high-value seaweed species for mineral extraction, developing mass cultivation strategies, and establishing methodologies to measure and verify stored carbon for blue carbon credit accreditation.
The company is positioning itself as a potential key supplier to the battery technology, energy production, and nutraceutical manufacturing industries.
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