Teys, one of Australia’s biggest beef processors, will be the sole distributor of a seaweed-based feed additive that cuts methane from cattle across the Australian and New Zealand beef industries.
Teys and Tasmania-based company Sea Forest, which makes the additive SeaFeed, aim to have at least 480,000 cattle using the product by 2027.
However, the target is not binding, and Teys can pull out of the deal on 90 days’ notice without giving a reason.
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