BPH Global Ltd

Seaweed Consultancy Renewed – Focus on Blockchain, Carbon Credits and AI to Drive R&D Program

The Board of BPH Global Ltd (ASX: BP8) (Company), is pleased to advise the re-appointment of Gaia Mariculture Pte Ltd (Gaia Mariculture) as the manager of the Company’s research and development programs (R&D Programs). Pursuant to the renewed consulting agreement, the Company’s wholly owned, Singapore-based subsidiary Stemcell United Pte Ltd (BP8 Singapore) has engaged Gaia Mariculture as a to manage the BP8 Group’s R&D Programs (Consulting Agreement).


Highlights

  • Blockchain technology: focus on sourcing and deployment of blockchain technology to facilitate:
    • biological integrity and sustainability of seaweed cultivation and processing; and
    • the development of an accreditation methodology for the issue of blue carbon credits
  • Artificial Intelligence technology (AI): Continued focus on AI to enhance critical mineral and nutraceutical identification and extraction
  • Essential Mineral and Nutraceutical extraction: Fermentation and Phycomining techniques to unlock essential minerals and nutraceuticals
  • Biohydrogen Extraction: Production of biohydrogen/biogases as a natural by-product of fermentation
  • Commercialisation: commercialisation opportunities to drive R&D strategies
  • Consultancy Agreement Renewed: two (2) year agreement with Gaia Mariculture
  • Expanded R&D role: Gaia to conduct R&D and to oversee out-sourced R&D projects

Consulting Agreement

Pursuant to the Consulting Agreement, Gaia Mariculture will provide:

  • Out-sourced Research, being the R&D that has been or will be outsourced by or on behalf of the BP8 Group to a third party to be conducted by that party under the supervision of Gaia; and.
  • In-house Research, being the R&D to be undertaken directly by Gaia.

Out-sourced Research comprises the following services which the BP8 Group is seeking to out-source to third parties:

  • Sourcing, development and deployment of Blockchain technologies: sourcing, development and/or acquisition of blockchain technologies and their deployment to:
    • provide biological integrity and traceability and to promote sustainable farming of seaweed; and
    • enable the measurement of carbon capture and storage by seaweeds to facilitate the creation of an accreditation scheme for the issue of blue carbon credits;
  • Phycomining to unlock nutraceuticals and critical minerals: conduct of a feasibility study on the efficacy of deploying Phycomining techniques (the use of aquatic hyperaccumulator biomasses to bioaccumulate higher concentrations of metals in seaweed cultivated in seawater) to:
    • determine whether levels of metals that are found in seaweed occur in natural quantities or in unnaturally high concentrations when the seaweed is cultivated in polluted waters; and
    • develop techniques to recover valuable metals from the seaweed biomass;
  • AI Genetic Algorithm: continued development of an AI generated genetic algorithm to enable machine determination of variations in seaweed genomes to be applied to seaweed breeding and gene editing;
  • AI-enhanced extraction: development and deployment of AI driven imaging technology to further enhance essential mineral identification and isolation so as to increase the effectiveness of phyto-hydrometallurgical techniques to extract essential minerals from seaweed; and
  • Additional scope: any additional or related service relating to a project outsourced to a third party reasonably requested by the BP8 Group and agreed by Gaia from time to time.


Click here for the full ASX Release

This article includes content from BPH Global, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Stemcell United Ltd is a marine and agricultural biotechnology industry. Its only operating segment being sourcing, producing, marketing, and selling traditional medicines. The company's geographical segment includes Australia; Singapore; Malaysia and Greater China. The company's product includes Cannabis sativa; Dendrobium Officinale and Daemonorops Draco Blume.
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