 I'm super excited to be here today and that was such a nice intro So I don't know if I really have to do the intro anymore, but my name is Marik Rastram I'm the CEO and founder of written by ocean So our vision is very clear is reclaimed origins, and I will tell you how we will make our vision into reality I think we all know the fact that origin of life at least on this planet started in the oceans and we are still highly dependent on the oceans and the whole marine ecosystem if you think that the Oceans are producing more than 70% of the oxygen we breathe on this planet However, the oceans are not doing very well due to the human our actions One of the biggest problems of today when you look at the situation the oceans are facing is so-called eutrophication So eutrophication means that we have excess of nutrients in our oceans So what happens is that you start to see this So we start to have millions of tons of invasive seaweed blooms around the globe And this is due to the fact that we as humans have basically put all of these nutrients into the waterways So we are looking at a very very big crisis The other thing what we are highly interested at origin by ocean is the mission of making the chemical industry run on that Particular algae, so we actually want to take those invasive species and turn them into useful chemicals Then we move on to the another problem on this planet, which is the current chemical industry So without the chemical industry we wouldn't have the modern lifestyle. We are actually all enjoying today So it's a very very important industry. However, it's also one of the biggest emission sources of different industries The other thing is that we don't necessarily think about the fact that we are also highly Dependent on oil all of us in this room So more than 80% of the products we use are based on oil So what we have done we have tapped into these two major problems We have a return on the business model and I will tell you what that means So at origin by ocean we have developed a bio refinery Technology, this is our beef. This is an enabler to use these invasive seaweed species and Turning them into functional ingredients so called bio-based chemicals and these bio-based chemicals They go to across different markets from textiles to food to home and personal care to cosmetics And they actually decarbonize the product so we can take oil out and instead of oil You can use seaweed based ingredients Regeneration means that you are actually Regenerating the environment where you are being active in our case It's two-fold either in the ocean where we take the invasive species out We remove the nutrients and we are helping the biodiversity and when our products are going to these different markets We are decarbonizing the markets So we are leaving a net positive impact behind at both ends. That's very very important So solution is sounds very simple, right? So we are producing this algae based chemicals and they decarbonize the different markets consumer goods So here are our guys We are following the golden rule of the bio refinery and it means that you have to squeeze as much as value as you can Out from a single feedstock. So we have a hundred percent utilization rate of the seaweed And we have a value creation model that we have added value products which bring functionality antioxidant properties Thickening to all of your products what you are using at home without realizing how much chemistry you actually use Our approach is very unique Due to the several facts one is that we have a multi feedstock source So we can use all the prone seaweed species of this world which means we can scale so we can go there where the problem is You saw we have multi-products So we have a value creation model that we utilize the whole feedstock and of course We always say join the movement because our value chain is super unique as we are removing the nutrients And we are helping the oceans with this eutrophication problem. I Will show you a few cases Where we have used our ingredients we launch first commercial products together with the design brand Marimekko here in Finland in July We actually change the textile printing process So sometimes you don't realize how much chemistry we use also in a manufacturing processes So we were really really happy that we could actually decarbonize Marimekko's textile printing process and of course help them to improve the LCA Our products they also go in the sunscreen so we have developed hundred percent bio-based chemical UV filter Which is used in the sunscreens. It's safe for you for all of us and it's safe for the oceans We are also in food. So it's not that we are eating seaweed No, we are not selling seaweed, but we are selling seaweed based ingredients And they actually bring you the certain texture to your food. So when you are biting it, it actually feels Then we are in a cosmetics. So cosmetics is all about functionality We want to have a skin care products that are safe for us They are safe for the environment and but they need to function So they need to do the job they say so seaweeds are amazing source of different Antioxidants and this is how we utilize them. We are also very good at formulating So we can actually formulate new products and really show the power of the ocean in a cosmetics I Talked about the regenerative business model. We also call it a philosophy So we are always starting from the planet in our case planet comes first We make no compromises on that Then comes people in our business model We are not harvesting the seaweeds ourselves But we are empowering the local communities to do so and we are buying the seaweed from them And then lastly comes the profit and the profit is basically flowing through these different layers of planet and People and it's very important that in this way we can reclaim back the origins when you talk about the Marine ecosystem you talk about people and communities who are suffering from this uterified problem And then of course profit is going equally along the value chain so We know that the chemical industry of today is huge is big and We have seen what happens when you do things on a larger scale If that's not truly regenerative or sustainable So in our case we want to make this big so that we can leave this net positive Impact behind and the bigger we are the more positive impact we can bring We started our operations in 2020 I think a very typical story from the R&D lab where we started to develop this biorefinery process We did that for two years and now we are actually on the face of piloting So we are scaling up the biorefinery technology here in Finland in the north Next state for us is very crucial to go brick commercial So I showed you we have already started our commercial activities, but we want to scale them up So we will do the brick commercial production and this will start next year The big goal of course is to have a big commercial chemical plant This will be here in Finland end of 26 and after that MVP We can copy paste the biorefinery to the areas which are the most affected of these invasive sea weed species The last thing I want to tell you before I go is that we are launching or it's in by ocean Academy I'm super super excited It has been a dream of us to be able to give this Information about the Baltic Sea and an ecosystem to all of you We will open the school or the Academy in January So we are asking all of you to apply we will Do a bit of a selection of 12 to 15 people You will get hands-on experience how the Baltic Sea and marine ecosystem works You will have lectures and you will have a different type of a lab Lectures to really learn how the power of sea weed and marine ecosystem Can change maybe your life as well So this is how we are watching the oceans and this is how we reclaim back the origins. Thank you very much