Highlights

  • The company signs two-year agreement with PPR Maluku for seaweed supply and bio-stimulant collaboration.
  • Up to 200 tonnes of seaweed per month to be delivered under agreed quality standards.
  • The agreement includes cooperation in establishing a seaweed-based bio-stimulant manufacturing facility.

BPH Global Ltd (ASX:BP8) has entered into a binding commercial framework agreement with Perumda Panca Raya, an operating company of the Provincial Government of Maluku, Indonesia. The agreement appoints PPR Maluku as a seaweed supplier and a partner for bio-stimulant development over a two-year term.

Under the agreement, PPR Maluku will supply seaweed sourced from Maluku farmers to BPH Global’s Indonesian subsidiary. Monthly volumes are set between 100 and 200 metric tonnes, with quantities confirmed by mutual agreement. Deliveries will be on CIF terms, and seaweed must meet defined quality specifications, including maximum moisture content of 38% and maximum foreign matter of 3%.

BPH Global will establish a seaweed-processing warehouse in Maluku, supplementing its three existing warehouses and increasing total processing capacity to 500 tonnes per month. PPR Maluku will enter exclusive supply arrangements with local farmers, including provision of financial subsidies, seed stock, and cultivation equipment.

Bio-Stimulant Manufacturing Collaboration

The agreement establishes a framework for collaboration on a seaweed-based bio-stimulant manufacturing facility in Maluku. PPR Maluku will support the initiative by facilitating government liaison, community engagement, and farmer supply programs, aligning with BPH Global’s bio-stimulant development strategy.

BPH Global may acquire seaweed from PPR Maluku for resale to third parties or for use in bio-stimulant production.

Existing Operations and Capacity

BPH Global currently operates three key facilities in Indonesia:

  • Makassar, South Sulawesi: 550 m² leased warehouse with 1,000 tonnes monthly capacity, including a laboratory and hydraulic press.
  • Kebula Seaweed Cooperative: Access to warehouse and supply network under a cooperation agreement.
  • Pangkap, Sulawesi: Sub-leased warehouse facility.

The new Maluku facility will expand overall processing capacity across four sites to approximately 500 tonnes per month, supporting both the seaweed supply chain and bio-stimulant initiatives.

Management Commentary

Managing Director Matthew Leonard stated:

“This agreement marks a pivotal expansion in BPH Global’s strategy: it strengthens our supply chain by securing reliable sourcing of seaweed from Maluku while securing a strategic partnership with a key Indonesian provisional government entity to advance our seaweed-based bio-stimulant initiatives. With Perumda Panca Raya’s regional networks and institutional support, we can accelerate the establishment of our planned bio-stimulant manufacturing facility and drive sustainable growth in both agricultural and marine sectors.”

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