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Red Sea Development Company Produces Sustainable Seafood from Sunlight

The signing ceremony of MoU between the Red Sea Development Company and Blue Planet Ecosystems (TRSDC)
The signing ceremony of MoU between the Red Sea Development Company and Blue Planet Ecosystems (TRSDC)
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Red Sea Development Company Produces Sustainable Seafood from Sunlight

The signing ceremony of MoU between the Red Sea Development Company and Blue Planet Ecosystems (TRSDC)
The signing ceremony of MoU between the Red Sea Development Company and Blue Planet Ecosystems (TRSDC)

The Red Sea Development Company (TRSDC) announced a solution proposed to produce sustainable seafood and algae in a desert environment.

TRSDC strives to explore innovative technology solutions in response to growing consumer demand for sustainable protein during their travel experiences and support regenerative ambitions.

CEO Joe Pagano indicated that this project would set a new global standard in sustainable, multitrophic desert aquaculture where the company can turn sunlight into seafood.

“The [LARA] system has a minimal environmental footprint and will aid in carbon sequestration for our flagship destination as well as future projects on the Red Sea coast in alignment with the company’s aspiration to achieve 100 percent carbon neutrality,” added Pagano.

The project is done in collaboration with Blue Planet Ecosystems (BPE).

The Land-based Automated Recirculating Aquaculture (LARA) system works by replicating natural aquatic ecosystems in a modular and automated system.

LARA converts CO2 directly into chemical-free seafood using phyto and zooplankton as transitional stages. It is constructed of a tower of three horizontal units.

Pagano explained that the top unit uses the sun’s energy to grow microalgae which powers the entire system. The microalgae are then moved to the subsequent division down, where it nourishes zooplankton. The zooplankton is then transported to the bottom unit, where fish eat it.

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China’s First Four-Month Steel Exports at Record High Despite Tariff Turmoil 

Workers install steel rods at a construction site in Miami, Florida, US, March 11, 2025. (Reuters)
Workers install steel rods at a construction site in Miami, Florida, US, March 11, 2025. (Reuters)
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China’s First Four-Month Steel Exports at Record High Despite Tariff Turmoil 

Workers install steel rods at a construction site in Miami, Florida, US, March 11, 2025. (Reuters)
Workers install steel rods at a construction site in Miami, Florida, US, March 11, 2025. (Reuters)

China's steel exports in April topped 10 million metric tons for a second straight month bringing the total in the first four months to a record high, underpinned by front-loaded shipments ahead of US President Donald Trump's hefty tariffs.

The world's largest steel producer and exporter shipped 10.46 million tons of steel last month, customs data showed on Friday. While largely unchanged from March, exports were 13.5% higher than the same month in 2024.

Exports from January to April jumped by 8.2% from the year before to an all-time high for the period of 37.89 million tons.

"Steel exports in April are a bit higher than our expectation, albeit maintaining positive annual growth, supported by sustained front-loading orders observed," said Jiang Mengtian, a Shanghai-based analyst at consultancy Horizon Insights.

Jiang forecast May shipments to slow as tariff and widening trade protectionism started to bite.

Washington's tariffs threaten the transshipment trade, where third countries resell Chinese steel to the US, while China's top steel customers like South Korea and Vietnam have also imposed duties to avoid steel being rerouted and dumped in their markets.

Second-quarter exports are set to fall by as much as a fifth from the first quarter as a result, eight analysts and traders told Reuters earlier this week.

China's April iron ore imports climbed by 9.8% from March to the highest since December, as improved margins encouraged mills to book more seaborne cargoes.

The world's largest iron ore consumer brought in 103.14 million tons of the key steelmaking ingredient last month, up from a 20-month low of 93.97 million tons in March.

The volume last month, which was largely in line with analysts' expectations, was also 1.3% higher than 101.82 million tons in April 2024.

"Since March imports missed expectations, it's not surprising to see higher iron ore imports in April, which could also be reflected in higher hot metal output last month and a pile-up in inventory in the last two weeks of April," said Pei Hao, an analyst at international brokerage Freight Investor Services (FIS).

In the first four months of this year, China's iron ore imports slid 5.5% from the year earlier to 388.36 million tons, the data showed.