Seaweed is a fast-growing crop that requires no traditional agricultural practices like fertiliser and irrigation. It also provides shelter, a food source, and optimum conditions for fish growth by improving nutrient levels in the water.
The report released findings in June 2022. It found a total of 269 unique seaweed species are in Gippsland. The many different varieties of macroscopic and microscopic algae commonly known as seaweed present a massive opportunity.
The Australian Seaweed Industry Blueprint projects that by 2025 seaweed could deliver a $10 million per annum industry to Australia generating more than 1200 jobs. With a growth rate of up to 30 times that of land-based plants, growing seaweed commercially has many benefits to the local economy and environment.
With the study demonstrating a positive case for catalysing a seaweed-based industry, regional stakeholders and partners will work through the Gippsland Smart Specialisation Strategy (GS3) methodology of collaborative regional development to build a business case for government and private investment into the industry. The innovation group, via a digital session, will start in October 2022.
This news story was published by Latrobe Valley Authority. Read the original article here.