State-owned Zanzibar Seaweed Company signs Memorandum of Understanding with NMB Bank to develop support for local seaweed producers, with Africa’s biggest seaweed processing plant under construction.
The one-square-kilometer facility in Lombok is billed as a major step towards large-scale mechanized farming of seaweed, and "a shining example of India-Indonesia cooperation in the blue economy".
The offshore facility will be used, among other purposes, to test how large-scale kelp cultivation can become a cost-effective and sustainable ocean-based carbon removal solution.
