• R&D program focused on developing renewable biofuel opportunities from seaweed biomass
• Biofuels derived from seaweed can replace fossil fuels in energy, fuel and transport applications
• Seaweed biomass can produce biohydrogen, biomethane and biocrude through fermentation and hydrothermal liquefaction

BPH Global Ltd (ASX: BP8) is pleased to provide an update on the advancement of its seaweed-based research and development (R&D) program and the associated opportunity to produce renewable biofuels from seaweed biomass that may partially replace fossil fuels across energy, fuel and transport markets. The Company's existing research activities involve processing seaweed biomass through fermentation, which produces biogases including biohydrogen and biomethane as a natural by-product. The Company is also evaluating hydrothermal liquefaction (HTL) as a potential method of converting seaweed biomass into biocrude, a renewable liquid biofuel. The R&D program will focus on optimising biogas production from fermentation and biocrude production from HTL processing of seaweed biomass. The Company believes seaweed-derived biofuels may offer several environmental, social and governance (ESG) advantages compared with some land-based biofuel feedstocks, including no requirement for arable land, freshwater or fertiliser inputs.

The Company's commercialisation strategy is focused on maximising fuel yields from seaweed biomass, including increasing the production of biogases from fermentation and biocrude from hydrothermal liquefaction (HTL). The principal commercial outlets for these fuels are expected to include the sale of biohydrogen, biomethane and biocrude into energy, fuel and transport markets where they may serve as renewable substitutes for fossil fuels, including potential opportunities within the sustainable aviation fuel sector.