No to seaweed ventures
A LACK of confidence by financial lenders on the prospect of Sargassum seaweed becoming a viable cash crop has created stumbling blocks for many entrepreneurs.
The viability of the Sargassum business was also brought under scrutiny due to certain business practices, as well as the unpredictability of the product washing up on local shores.
Managing director of Caribbean Sustainability Collective and non-profit organisation Better Caribbean, Dr Ariana Marshall said several organisations came up with innovative ways to incorporate the seaweed into their products, but some lenders were not willing to buy into the ideas.
Businessman Cavendish Atwell said recently he was fed up with the support that Government and the private sector gave his venture selling mulch infused with the seaweed and he was close to setting the bags of Ocean Surf Organic Mulch on fire. (TG)
Please read the full story in today’s Saturday Sun, or in the eNATION edition.