Seaweed as a Substitute for Russian Fertilizer. Evan Li, Impact Investing Intern. Charlotte Latin School
The European Union has announced that by July 16, 2022, the sale of phosphate-based soils containing more than 60 mg of cadmium per kg of P2O5 will be banned. In addition, the EU has allowed companies that sell soils with a cadmium content of less than 20 mg to place a green label advertising their environmental-friendly status on their packaging. These policies underscore the EU’s growing commitment to transition to cleaner soils, free from heavy metals. This commitment to cleaner fertilizer and more environmentally friendly practices could prove to be a catalyst for the seaweed market in the EU. Seaweed farming has existed in Asia for centuries, but now, with increasing environmentally friendliness, has slowly been gaining traction in Europe. The stricter regulations on phosphate-based fertilizers and the ability to appeal to a growing population of environmentally-conscious consumers would be a great incentive for companies to turn to fertilizers derived from seaweed. Eu...