Category: Regenerative Aquaculture

Mike Velings – VC & PE won’t deliver regeneration — €250M evergreen proves it

A conversation with Mike Veilings, co-founder of Aqua-Spark, a global investment fund for sustainable aquaculture, about how an invite he should have never received lead to the creation of the largest aquaculture fund in history, with over $250 million in assets under management (AUM) and ambitious plans to grow to $2 billion or more. This conversation goes beyond the billion dollar question—it’s already been answered. We explore why focusing on long- term investments is essential for transforming an industry and why current venture capital and private equity fund models might cause more harm than good. How can we bring institutional investors into agriculture and food, and what financial mechanisms can facilitate this? We also dive into the key drivers in aquaculture and discover why Mike is so enthusiastic about the future.
This episode is special—it’s not every day we discuss billions and institutional investment strategies with someone who has a real chance to raise the funds and put them to work.

Sébastien Crépieux – Decentralised insect farming, the perfect livestock for arable farms

A conversation with Sébastien Crépieux, founder of Invers, developing a decentralised insect farming supply chain for animal nutrition, placing farmers at the heart of the model. The role of animals and livestock in farming is something we cover frequently, but we’ve never discussed insects which can transform immense amounts of agricultural waste—such as leftovers from beer brewing or wheat milling—into high-quality protein and fats. Perhaps most importantly, their frass (manure) is an amazing fertilizer.

Of course, humans could consume insect protein directly, but in the Global North, this is rare and may take a long time to change. Insect protein is also an excellent poultry feed, but its greatest impact may be in aquaculture—specifically, fish feed. The immense destruction caused by industrial bottom-trawling fishing fleets is difficult to describe and comprehend. However, it’s safe to say that catching anchovies or krill for fish meal—to feed salmon and other fish—is highly inefficient and environmentally harmful.

With Sébastien we explore a decentralized approach to insect farming in France, one that focuses on putting farmers at the centre—not by reintegrating large ruminants into farms, but rather small mealworms. Why not go super-centralized with massive facilities and raise hundreds of millions of euros, as some other companies have done? Why hasn’t more insect meal been sold to the aquaculture sector to help reduce pressure on the oceans?

Joseph Rehmann – Climate-positive fish is possible and its eggs are delivered by drones

A conversation with Joseph Rehmann, co-founder of Victory Farms in Kenya, with the mission to be the world’s most sustainable fish business and provide high nutrition protein to the mass market in Africa. How do you go from being a happy but unfulfilled banker to co-founding one of the leading and largest animal protein companies in East Africa?

We unpack Joseph’s journey into fish farming—specifically tilapia, a species indigenous to the region- and how he and his company are proving that it can have a net positive impact on the environment, people, and finances. Of course, Victory Farms’ journey hasn’t been without challenges. Feed is obviously a challenge and led to starting their own feed mill, reducing import of soy and maize from abroad and experimenting with local feed ingredients and cold chain and spillage. Managing the cold chain has been another significant challenge—especially in the East African context, where stable and clean electricity is notoriously hard to come by. Yet, they managed to figure out solutions using AI and machine learning and reduced spillage to under 1%, a remarkable achievement in an industry where losses often reach 30–40%.

We also dive into their bold decision to outsource a critical part of their value chain: the growing of eggs. By partnering with local village entrepreneurs who manage their own ponds, they’ve created a system where harvested eggs are delivered to Victory Farms using drones. This isn’t just a flashy gadget; but makes scale possible. A single drone carrying up to 500,000 eggs completes a trip in six minutes—a journey that would take a cooled truck two hours, assuming a road exists at all.

John Holmyard – Lowest carbon protein aka mussels: it’s food, not a high tech unicorn

A conversation with John Holmyard, founder and managing director of Offshore Shellfish, 21st century mussel farming: guilt-free food that helps regenerate marine biodiversity and captures carbon. We talk about protein. With a growing population, we need more and more of it. So, what is the lowest impact and positive impact protein source we can grow? A deep dive into the largest offshore mussel farm in Europe, where they grow large amounts of mussels by grazing large number of plankton that naturally flows by. And, in case you are wondering, there is so much plankton around because we depleted most of the fish stocks that used to eat a lot of it.

We learn all about how to build the largest mussel farm in the UK and how to deal with regulators who have no idea what shellfish farming even means (they think you hunt mussels in the wild). We explore why mussels are such a potential crop to grow, and they can even restore natural mussel reefs, which used to be present all around the North Sea until we started bottom-trawling. And why are politics fundamental to the business when all of your crop goes fresh to mainland Europe?

Aaron Huang – How ranching (and eating) of millions of zombie sea urchins could restore the massive kelp forests of the U.S. Pacific West Coast

A conversation with Aaron Huang, founder of OoNee Sea Urchin Ranch, to dive into the world of sea urchin ranching and its connections to high-end fish restaurants, many of which fly their sea urchins in from Japan. Over the past decade, a warm water blob off the U.S. West Coast has caused sea urchins to overgraze the kelp forests, leading to a massive population boom of urchins, the collapse of kelp ecosystems, and the rise of countless “zombie” sea urchins—urchins that prevent the kelp from regrowing without dying themselves.

Why should we care? Because this phenomenon is happening everywhere—whether it’s invasive species or extreme weather events, ecosystems are collapsing, and without smart intervention, they won’t recover. In this case, the solution is to harvest the sea urchins threatening the remaining kelp, fatten them up, and sell them to the growing market for high-end seafood. What can we learn from this approach and apply to other ecosystems that are out of balance?

Yanik Nyberg – Are saltwater plants grown on tens of millions ha of abandoned, drained salt marshes going to be the livestock feed of the future?

A conversation with Yanik Nyberg, co-founder of Nara Climate and Sea Water Solutions, about feed for aquaculture and on-land livestock, salinity—when soils get saltier. Millions of hectares of former soil marshes close to the coast have been drained over the last thousands of years and often farmed, slowly but surely because of rising seawater levels. Soil water is creeping back in, and traditional farming is getting impossible. What do we do with these millions of hectares? One way is to rewet them and grow salt-loving plants called halophytes. These plants are also great feedstock for the aquaculture industry and poultry to replace the massive negative impact of soy.

So, what is holding back the large feed companies from incorporating this novel but originally the feedstock of many fish into their mixes? Interestingly enough, most of the world’s deserts are getting saltier too. Because of extreme rain, yes, it rains in the desert every now and then, which leads to flash floods. Millions of livestock pastoralists and their animals are suffering because of drought and floods, and the salts make their grass-based pastures disappear. Could the magical salt-loving halyphoates also be grown in the desert and feed these animals?

Alf Gøran Knutsen – The good, bad opportunities of the multi million dollar salmon industry, from shooting lasers under water to feed

Salmon: there isn’t a more contagious topic within aquaculture than salmon farming. With Alf Gøran Knutsen, CEO of Kvaroy, a leader in the world of sustainable salmon farming, we discuss the opportunities to grow a potentially very sustainable source of protein and omega-3 in a way that makes sense. We explore the fascinating world of salmon, mostly open-net pen aquaculture in the ocean in Norway, but also hybrid flow-through models. We discuss biology and technology, feeds- from using wild fish which we could eat like anchovies from Chile to soy from questionable sources in the ex Amazon- and the crazy developments in this very young industry. We also discuss AI and how lasers are shooting sea lice from salmon underwater.

Salmon farming is the biggest success story in aquaculture, at least in the global north, but it is also full of huge challenges like pollution. Picture salmon feces floating out of a net pen, sea lice, and all the chemical solutions used to combat these parasites.

Sowmya Balendiran – How to turn seaweed farming into an industry? Start by farming 1000 football fields of tropical seaweed in Indonesia

A conversation with Sowmya Balendiran, co-founder and chief business officer at Sea6 Energy, about regenerative aquaculture, how to restore the oceans and use them more to reduce the pressure on land systems, get fossil fuel use down drastically, like in fertiliser, plastics, and in food of course.

Sowmya is one of the pioneers who helped create the first signs of a tropical seaweed industry. What do you do if you have to invent both sides of the business? How do you grow seaweed industrially at scale and price points that make sense? And how do you process seaweed into products that sell for an interesting enough margin?

Someone will soon mention seaweed. It sounds magical, some species grow super fast, you can harvest them year-round, they don’t need any inputs, don’t need land but sea, which we have a lot of, etc. So, why hasn’t seaweed taken over the world yet? What is needed to industrially farm tropical seaweed? Industrial might sound like what we don’t want, but in tropical seaweed, most work is done by hand, standing knee-deep or neck-deep in the water. We can agree that that won’t scale and get us to a seaweed industry that can replace large amounts of fossil fuels.

Georg Baunach – More than half of the fish you eat is farmed: basics, potential and risks of investing in aquaculture

A conversation with Georg Baunach, managing partner and co-founder of Hatch Blue, a knowledge-driven aquaculture and alternative seafood specialist. We discuss what aquaculture is and why it is important; what, where, and how to farm; what are the potential and challenges of regenerative aquaculture, and why is it important to look into it. We end with the risks and challenges of aquaculture, the feed conversion ratio and why it is important, the role of algae, waste, medicines, microplastics, and more.