Following two licences granted to the Yorke Peninsula in January, the State Government has announced a $1.5 million project to further increase South Australia's commercial seaweed industry.
The two-year project is set to give the sector a boost through the creation of a local seaweed industry cluster and beginning large-scale cultivation pilot trials.
The State Government alleges the investment has the potential to generate an additional $120 million to the state's economy while generating an extra 453 jobs over the next five years.
The first licences required to establish a commercial seaweed farm on the YP were granted this year and a partnership between seaweed producers and livestock companies has also been forged.
Construction of the first processing plant to create a seaweed-based feed supplement for cows will begin near Port Pirie at the end of the year.
US-based company CH4 Global, allegedly identified South Australia as the primary market for farming marine seaweeds for commercial purposes to use in the fight against greenhouse emissions in the livestock industry.