Ann: Binding Sales Agreement, page-5

BP8 finally on the right track
at $2m market what's not to like, on going binding agreement
More contracts ahead imo

The Indonesian seaweed market is a significant player in the global industry. Indonesia is one of the world's largest producers of seaweed, particularly varieties like Eucheuma cottonii and Gracilaria, which are highly valued for their carrageenan and agar content. The global seaweed market is estimated to be worth around $20 billion and is projected to grow further, with Indonesia playing a key role in this expansion.


2 April 2025
Company Announcements Platform Australian Securities Exchange Binding Sales Agreement • Binding Product Sales Cooperation Agreement signed with Indonesia-based seaweed trader PT. Kebula Raya Bestari (Kebula) • BP8 intends monthly procurement and on-sale of 200 metric tons of seaweed • Indicative price range of USD1,050 -1,500 per metric ton of seaweed based on Kebula’s monthly sales over last 6 months of trading • Kebula will provide accounts management and sales logistics services - warehousing, processing and delivery of seaweed to BP8 customers • Focus on offtake seaweed buyers that process seaweed to produce Carrageenan The Board of BPH Global Ltd (ASX: BP8) (Company) is pleased to announce that its wholly owned, Indonesia-based subsidiary PT BPH Global Indonesia (BP8 Indonesia) has entered into a binding Product Sales Cooperation Agreement with Indonesia-based company PT. Kebula Raya Bestari (Kebula) to assist the Company with the supply of seaweed to Indonesia-based customers (Sales Cooperation Agreement). Managing Director Matthew Leonard said: “The Sales Cooperation Agreement with Kebula represents an important opportunity for the Company to fast track its seaweed supply arrangements with offtake buyers in Indonesia. Kebula operates as a buyer and supplier of quality Indonesian seaweed to Indonesian and international customers. The BP8 Group’s initial focus will be on customers who process seaweed to produce Carrageenan.” Commercial objectives BP8 Indonesia has appointed Kebula as its non-exclusive agent in Indonesia to provide accounts management and sales logistics services - warehousing, processing and delivery of seaweed to BP8 customers. The Sales Cooperation Agreement is for an initial term of twelve months commencing on 15 April 2025, with the option to extend for an additional 12 months with the agreement of both parties (Term). The parties have agreed that as of the Commencement Date, BP8 Indonesia’s intended monthly procurement of seaweed for sale to its customers is 200 metric tons. Specific monthly quantities are to be finalised each month by mutual agreement between BP8 Indonesia and its customers. It is BP8 Indonesia’s intention to increase the monthly volume of seaweed it purchases for sale to its customers during the term of the Sales Cooperation Agreement.

Growth Imminent