Provectus Algae lands $1.91M grant for methane-cutting cattle feed
What's the deal? Sunshine Coast company Provectus Algae has received a US$1.81M (≈$1.91 million) grant from the Queensland GovernmentDealroom has a profile for this one. Try Dealroom → to commercialise Surf'N'Turf, an algae-based feed additive that cuts methane emissions from cattle. The deal, managed by Queensland Investment CorporationDealroom has a profile for this one. Try Dealroom →, is the first through the state's Sowing the Seeds of Farming Innovation Fund.
Where the money goes: Provectus Algae will run expanded product trials, scale up manufacturing in Queensland, and move from research to commercial production. The grant brings total Queensland Government investment in the company to US$2.46M.
What's the product? Surf'N'Turf is a cattle feed additive that commercial trials showed reduces methane emissions while supporting producer productivity. Founder and chief executive officer Nusqe Spanton said the money would help move the product "from commercial pilots to full-scale supply."
Why now? The investment comes from a new US$19.4M fund the Crisafulli Government created to back agtech, part of a stated goal to grow Queensland's primary industries to $30 billion by 2030. The state's beef sector generated more than US$6.28B in gross value of production in 2025-26.
By the numbers: The grant ranks around the 92nd percentile by size among all food-sector grant rounds in Australia, based on a sample of 5,199 deals — a sizeable cheque for the category.
The signal: Queensland is testing whether public-backed capital can turn local agtech into scalable, on-farm products. Provectus Algae joins cattle-breeding company Nbryo — the fund's first recipient — as an early measure of that ambition, though the payoff still depends on commercial scale-up and producer adoption.
Read more: nationaltribune.com.au
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