New project will re-establish seaweed forests along northern
Norway coastal areas to help grow the country’s marine economy
IFF (NYSE: IFF), a global leader in food and beverage, home and
personal care and health, today announced its partnership with
environmental non-governmental organization (NGO) Bellona in a
long-term project to restore seaweed forests in northern Norway.
The collaboration on the Norwegian Marine Restoration (NoMaRe)
project aims to restore 5,000 square kilometers of seaweed forest
by managing invasive sea urchin predation. The regrowth of the
forests could increase biological carbon sequestration by 12
million tons – the equivalent of Norway’s total oil and gas
industry emissions in 2021. The launch event held in Norway was
attended by Andreas Bjelland Eriksen, Norway’s Minister of Climate
and Environment, as well as senior members of the research
community.
“As one of the largest global users of seaweed for alginates and
carrageenan, we are proud to be an initiator of this major
project,” said Renee Henze, chief sustainability officer, IFF.
“Alginate from Norwegian seaweed is used in pharmaceutical
applications, dietary supplements, and food, including new
plant-based meat alternatives. Increasing advocacy for the
often-forgotten seaweed forest is key to mitigating the effects of
climate change, while creating sustainable jobs and products
globally.”
Seaweed forests are among the most important natural
environments on Earth but are facing challenges on a global scale.
Norwegian seaweed forests are the main food sources and home to
over 300 species of invasive sea urchins. During the 1970s, human
activity disrupted and removed many of the urchin larvae’s natural
predators, allowing urchins to increase in high numbers and convert
the northern Norway seaweed forests into desert-like “urchin
barrens.” This has caused ecological ripple effects on the biomass
of native animals and plants, including limiting opportunities for
seaweed harvesting.
The partnership reflects IFF’s commitment to its Do More Good
Plan, the Company’s environmental, social and governance, plus
Sustainable Solutions roadmap that activates its purpose of
applying science and creativity for a better world. IFF is
providing financial support and its expertise in seaweed management
to the NoMaRe project over a three-year period. In collaboration
with the Norwegian government, scientific and research communities,
the project will help to fund the creation of a dedicated platform
to promote effective, scientifically proven urchin removal schemes
and supplementary restoration efforts. It will raise awareness of
the importance of restoring Norway’s marine ecosystem and help meet
Norway’s climate change objectives. “The project has the potential
to help Norway grow its marine economy by generating significant
economic benefits every year, making sustainable seaweed one of the
country’s biggest contributors to marine industries. That’s good
for a greener economy and a greener planet,” said Trond Helgerud,
principal scientist and seaweed R&D leader, Nourish, IFF.
“At IFF, we have always been committed to Doing More Good and
giving back to the communities we operate in,” said Angela
Strzelecki, president, Pharma Solutions, IFF. “In Norway, we have
sustainably harvested seaweed for over 60 years, so we know how to
maintain the forest. The habitats where we harvest thrive, and we
hope the seaweed forest further north can do the same. NoMaRe shows
that great things happen when businesses, NGOs, research
communities and governments combine their forces, expertise, and
experience to help save the planet and create green jobs.”
“The Bellona Foundation is very happy to partner with IFF on the
important issue of marine restoration,” said Joakim Hauge, director
of bioeconomic, Bellona Foundation. “The team’s experience and
knowledge will provide valuable contributions to this exciting
partnership. I am confident that IFF and The Bellona Foundation
jointly will achieve very real progress for climate and the
environment, in restoring marine biodiversity and ecosystems, while
at the same time increasing biological carbon storage.”
Cautionary Statement under the Private Securities Litigation
Reform Act of 1995
This press release contains “forward-looking statement” within
the meaning of the federal securities laws, including Section 27A
of the Securities Act, and Section 21E of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”). Forward-looking
statements often address expected future developments, business and
financial performance and financial condition, and often contain
words such as “potential,” “could,” “expect,” “anticipate,”
“intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,”
“target,” similar expressions, and variations or negatives of these
words. Forward-looking statements by their nature address matters
that are, to different degrees, uncertain, such as statements about
the partnership and the expected benefits or their timeframe. The
forward-looking statements included in this release are made only
as of the date hereof, and we undertake no obligation to update the
forward-looking statement to reflect subsequent events or
circumstances.
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Communications: Paulina Heinkel 332.877.5339
paulina.heinkel@iff.com
Investor Relations: Michael Bender 212.708.7263
Investor.Relations@iff.com
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