Acadian Seaplants is spending more than $4 million on new equipment at its operations in Shelburne County, Cornwallis, and Yarmouth and Charlesville.
The province is contributing almost $540,000 to the project.
Acadian Seaplants harvests and processes seaweed that is shipped to 80 companies around the world.
The biotechnology company's products are used by a variety of industries and includes cultivated sea vegetables sold at Asian food markets.
Acadian Seaplants president Jean-Paul Deveau says the equipment the company is buying will help it improve productivity, while also cutting waste and emissions.