Acadian Seaplants, the largest independent producer of seaweed specialty products in the world, is expanding and relocating thanks to a repayable investment from the Government of Canada. The funding will enable the company to introduce new technology, with the goal of increasing production as well as improving the environmental efficiency in the manufacturing of its crop biostimulant products for export markets.
Through Atlantic Canada Opportunites Agency (ACOA), Acadian was awarded a repayable investment of $490,000 to supports the expansion of the processing facility in Cornwallis, NS. This will be used for a plant expansion and new processing equipment to help the company address current and future demands.
“Acadian Seaplants has been working hard to meet the current and future demand for our crop biostimulant products and has been operating our Cornwallis production facility at full capacity,” said Acadian Seaplants president Jean-Paul Deveau. “This repayable investment by the Government of Canada will allow us to maintain our competitive edge, capitalize on new opportunities and capture the potential of the global marketplace.”
Acadian Seaplants is a fully-integrated, diversified, technology-based manufacturer of quality, natural plant and crop input products, animal feed supplements, cultivated sea-vegetables and functional ingredients derived from select species of marine plants.