A Day on the Water With Fremantle Seaweed

A Day on the Water With Fremantle Seaweed

By Jeremy Liddle Managing Director, Third Hemisphere

I spent two days in Fremantle with Fremantle Seaweed's Chris de Cuyper last week, touring the company's growing operation and heading out on the water to see the asparagopsis farm that Third Hemisphere backed as our venture arm's first investment.

Seeing the operation in person sharpened my conviction that Fremantle Seaweed is exactly the kind of founder-led, science-backed company our investment arm was built to support, and it gave me a clearer view of how large this opportunity actually is.

Back Where It Started

Earlier this year, Fremantle Seaweed became the first investment through Third Hemisphere's venture arm. Hannah and I built that arm on a simple thesis: back founders who have a scientifically proven solution to a real problem, and who have the drive to get that solution to market at scale. Most climate pitches fail one half of that test. Fremantle Seaweed passed both.

We also brought something most investors do not offer. Third Hemisphere has spent years building the communications and positioning skills that early climate companies need just as much as funding. Backing Fremantle Seaweed meant combining our balance sheet with our agency, and staying close enough to the business to help build both sides at once.

Last week I finally saw what that investment looks like in the water.

A Problem Worth Solving at Sea

Cattle produce methane every time they digest food, and that methane is one of agriculture's hardest emissions problems. Feed additives made from asparagopsis, a native red seaweed, cut that methane by over  80 percent, a figure that has held up across CSIRO's research and Fremantle Seaweed's own commercial trials.

The real challenge is growing enough asparagopsis, reliably and cheaply enough, to supply an entire industry. That is the problem Chris and his team are solving off the coast of Western Australia, one lease and one harvest cycle at a time.

Out on the Water

Chris met me at the Fremantle Fishing Boat Harbour and took me out to see the farm in Cockburn Sound. The seaweed grows on lines just under the surface, in neat red rows that sway with the current like an underwater vineyard. Chris pulled a rope out of the water, thick with seaweed, and talked about grow rates and harvest cycles as casually as most people discuss the weather.

Fremantle Seaweed grows asparagopsis in the ocean rather than in onshore tanks, which keeps costs down and lets the company cultivate both a warm-water and a cold-water variety of the seaweed year-round along the WA coast. That year-round growing window is a genuine advantage. Competitors working with a single variety, or a single growing season, cannot say the same.

Chris also walked me through the company's expansion plans, including a new site the team is fitting out to support the business as it scales from its 32-hectare pilot toward a 3,000-hectare operation.

What I Took Away

The thing that struck me most was not the seaweed itself, but watching a founder who still checks the lines personally, two years into commercial trials and with a growing team depending on him.

That kind of hands-on attention is exactly why Third Hemisphere structured its investment the way we did. We stay close to the businesses we back. We help shape how they tell their story to farmers, investors, and regulators, and we show up in person when there is something worth seeing.

Founders like Chris spend years proving the science works at sea, one lease and one trial at a time, long before anyone outside the industry notices. Investors who only turn up once a company is easy to explain miss the most important part of the story.

Where This Goes

Western Australia has a clear head start here: a 10,000-kilometre coastline, a year-round growing season, and room to scale without competing for the same water as every other operator. Fremantle Seaweed's plan to expand from its current pilot toward a 3,000-hectare operation would make it a major asparagopsis producer, at a moment when beef and dairy supply chains everywhere are under pressure to cut emissions.

Regulators are moving. Supermarkets are setting supply chain targets. Banks are attaching emissions conditions to lending. Every one of those pressures becomes demand for a product like Reef4Beef, and demand for a company willing to spend years proving the science works before anyone was paying attention.

That is the bet Third Hemisphere made a year ago, and it is the bet we intend to keep making: back founders solving real problems, with science that holds up, in industries that badly need the answer.

I am already looking forward to the next trip out on the water.

READ MORE: https://www.countryman.com.au/countryman/news/fremantle-seaweed-work-with-kylagh-cattle-and-pardoo-wagyu-to-trial-its-methane-reducing-seaweed-c-22523106