EMC facilitates debt financing for Surrey’s Ocean Harvest Technology

Ocean Harvest Technology Group (OHT), a researcher, developer and supplier of blended seaweed products for the animal feed industry, has secured new debt financing with the help of EMC Corporate Finance.

Based in Reigate, Surrey, OHT is set to accelerate growth as it seeks to improve the efficiency and sustainability of the animal feed chain.

Last month, the business reported a 28 per cent increase in sales revenues from its proprietary OceanFeed product for the year ended 31 December 2023.

CEO Mark Williams said: “This financing represents a pivotal moment for OHT as we continue to pioneer commercial development of our seaweed blended additives to generate benefits in animal nutrition.

“With the support of Paul and the team at EMC Corporate Finance, we are well-positioned to capitalise on emerging opportunities and further enhance our leadership in the industry."

Paul Hird, lead advisor at EMC, added: “We’re thrilled to have partnered with OHT in this endeavour.

“The transaction underscores our commitment to delivering tailored financial solutions that empower companies to achieve their strategic objectives.

“We look forward to witnessing OHT’s continued success and impact on the global stage.”