Austral Fisheries becomes first company to purchase Canopy Blue’s Kelp Reforestation Credits, offsetting carbon emissions under Climate Active program.

Canopy Blue is an industry led initiative, led by Grey Innovation, and supported by corporate partners matched with private investment. “Canopy Blue will be the masters of scale when it comes to growing seaweed in the ocean”, states Jefferson Harcourt, Grey Innovation Group Chairman. “We are bringing best practices from the construction sector and large scale project management to build the infrastructure required to provide bulk quantities of seaweed for fuel and plastic replacement, and to regenerate lost kelp forests at hyperscale. The carbon markets are an important source of funding for us, and we are delighted to have Austral Fisheries as our first customer.”