BLUE ECONOMY INVESTMENT FUNDS… IN FULL DEVELOPMENT.

Ocean 14 Capital announced a few days ago that its Fund 1 reached its capitalization target of €200 million, becoming the largest specialized fund worldwide for the blue economy.

Ocean 14 Capital, a venture capital and growth equity private equity fund, which focuses on promoting a sustainable and regenerative approach to using ocean resources for economic purposes.

The fund invests in ocean-related companies and technologies, with key interests in aquaculture, sustainable fisheries, alternative proteins, marine flora and circular plastics.

By 2030, the blue economy is projected to employ more than 40 million people worldwide and reach a value of $3 trillion. (billion millions).

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HATCH BLUE

After several months of trying to match, I finally had the opportunity to meet with Karlotta Rieve, Project Manager at Hatch Blue.

Hatch Blue, with offices around the world, is a globally recognized company dedicated to investment in aquaculture and alternative investments in seafood. Its Hatch I and Hatch II Funds have focused on emerging companies, start-ups, and the Blue Revolution Fund, which is about to start, will focus on venture capital.

The firm offers acceleration programs aimed at companies involved in sustainable solutions and consulting services to companies and governments around the world through its business unit, Hatch Innovation Services.

Karlotta is a person with an energy and enthusiasm for her work that is contagious. For years I have followed his work focused mainly on the macroalgae cultivation industry worldwide. She is the author and contributor to several publications that are industry benchmarks and continuously participates in international forums sharing her vision of the great potential of macroalgae.

I expressed NDC’s interest in developing channels that allow the flow of investment to projects related to the aquaculture value chain in Latin America and the Caribbean. In the same way, we had a very productive exchange of ideas and visions to generate schemes that allow the commercial cultivation of tropical macroalgae in Latin America.

Karlotta has a very complicated agenda, when she is not in Korea, she is in Indonesia, India, Norway, the United Kingdom or the Philippines, among others. That is why I thank you for giving me the opportunity for this meeting.

Being two people infected by the same virus (that of passion for aquaculture) it was to be expected that we would lack time. However, the commitment to continue developing these issues and exploring collaboration between Hatch and NDC remained on the table and very firm….. This story continues.

KELP BLUE MANAGES CARBON CREDITS FOR US$80 MILLION TO PRODUCE MACROALGAE.

Based in the Netherlands, and with operations in Alaska, New Zealand and Namibia, Kelp Blue is a company that grows the macroalgae known as Kelp (Macrosystis spp), which is mainly used for the production of biofertilizers and biostimulants, although it has other very important potential uses such as alginates to produce bioplastics. Kelp Blue is in the process of issuing a US$80 million Carbon Bond to finance the installation and operation of 1,000 hectares of Kelp in Namibia.

The carbon credit is a different financial instrument from carbon credits, since they are loans from investors that the company receives with the obligation to return them with interest within a set period. The fact that the resources are allocated to a specific objective that contributes to the mitigation of climate change due to the high carbon absorption capacity of this macroalgae, makes it very attractive among environmentally conscious investors who favor this type of project.

This example shows us the great financing potential that carbon credits represent for aquaculture, especially regenerative agriculture. At the COP28 meeting on climate change that is currently taking place in Dubai, the strengthening of carbon markets has been defined and important financing mechanisms are established for activities that contribute to the capture of carbon from the environment.