Founded in 1953 by a Spanish hair gel entrepreneur, Don Lorenzo Soriano, Bahia Bustamante was previous known as the Rotten Bay, due to the accumulation of vast amounts of rotting seaweed. Using it as a base, along with his 4 sons, he established the first “seaweed village” in the world. He built up a pioneering company for the harvesting and processing of seaweed – the beginning of a thriving seaweed industry to be used in both nutrition and bio-medicine. The two original buildings facing the sea quickly developed into a village that used to house up to 400 people: there was a school, a church, a police post, warehouses, workshops and a general store. More hectares were added to the main area and sheep farming started. Today with its 40 inhabitants, the village has opened its doors to tourists, offering panoramic views and access to a large number of activities and a wide variety of fauna. Since December 2009, the coast is within the new Marine National Park Patagonia Austral, protecting all species found within one nautical mile from the shore and about 50 islands from Cabo Dos Bahías southwards to Caleta Malaspina.