Green Stream Farms Receives $250K to Expand Algae Harvest
Green Stream Farms, an algae farmer, has been awarded economic assistance to expand its processing operations and create jobs in their home state. They have focused their efforts on growing algae on 96 acres of lined ponds, but with the way the world is heading, the demand for algae is higher than ever – and higher than their facility can support right now.
The farm can support an expansion, as they have access to the necessary water supply – but new equipment, buildings, and manpower are a limitation. With the economic assistance, they will be able to begin construction and upgrades to move into industrial scale growth. Assistance comes in the form of a $250,000 grant and is expected to more than double their annual harvest from 250 tons to 700 tons by 2022.
Green Stream customers use the algae primarily in two vertical markets, as a feed supplement for healthier livestock and for Omega-3 enriched nutraceutical products available at many retail outlets. Expanding this agricultural sector will further help even out the seasonality of agricultural jobs and create year-round opportunities for employment.
Luna County is the ideal location for Green Stream’s micro-algae product due to its climate and moderate overnight temperatures. The site is the second largest outdoor algae farm in the world with harvesting occurring nine or ten months out of the year, while ponds hibernate in the hotter summer months. Scaling up to double their harvest will require great amounts of R&D to ensure the product maintains its stellar quality.
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