BPH Global Ltd (ASX:BP8) Expands Indonesian Seaweed Operations
Operational Update
BPH Global Ltd has successfully registered its wholly owned subsidiary, PT BPH Global Indonesia, fully operational in Jakarta. The subsidiary is responsible for seaweed cultivation, purchasing, trading, and processing to produce value-added bio-fertilants.
Strategic Rationale
Indonesia offers significant growth opportunities for BP8 due to its status as the largest global seaweed producer, competitive production costs, government incentives, and alignment with ESG compliance requirements.
Operational Infrastructure
BP8 Indonesia has secured a 550m² warehouse in Makassar, South Sulawesi, capable of holding up to 1,000 MT/month of raw seaweed. The facility is undergoing GMP and HACCP certification and includes a QC laboratory, hydraulic press, and dedicated administrative teams. Additionally, onshore cultivation tanks for Ulva and Caulerpa are operational in Takalar Regency, supported by UNIDO.
Supply Chain & Market Expansion
BP8 Indonesia is collaborating with local farmers and cooperatives to ensure a consistent seaweed supply. The company is also in advanced negotiations for on-take agreements with carrageenan and seaweed-based product manufacturers in China and Indonesia.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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