The latest update is out from Stemcell United Ltd. ( (AU:BP8) ).
Stemcell United Ltd., through its subsidiary PT BPH Global Indonesia, has signed a significant seaweed offtake agreement with Quanzhou Bailijie Biotechnology Co., Ltd. (QBB), a Chinese carrageenan producer. This agreement involves the monthly sale of 100 metric tons of high-quality Eucheuma cottonii seaweed, sourced from Indonesia, with plans to increase this volume to 500 metric tons by the end of the two-year term. The agreement is expected to strengthen the company’s market position in Asia and enhance its commercial objectives by focusing on premium-grade carrageenan production, a key ingredient in the food industry.
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Current Market Cap: €1.24M
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