- Founded in: 2018
- Number of employees: 4 (including consultants as founders)
- Country: Norway
- Investors: Founders/employees
- Market: Aquaculture special feed additives. The market is global and there is a huge demand for marine fatty acids like DHA. The supply of fish oil is limited and feed producers are looking for new sources for both fatty acids and proteins. Microalgae are the primary producers of both marin oils and proteins.
- Website: www.algaepro.no
Which input provides your business model/core technology towards a bio-based economy?
Algaepro AS will be producing microalgae based on CO2 captured from oil refineries and nutrients from fish farms. Energy will be captured from industrial process water.
Algaepro want to give a substantial contribution to the new circular bio-economy.
Which market/clients do you address and which short-term/long-term goals do you have?
The short term goal is to set up a demo plant for automatic production of microalgae based on captured Co2, nitrogen and phosphorus from fish sludge and energy for industrial process water. The short term market is as feed additive to cleanerfish, other marine finfish larval feed and shrimp larvae. The medium term goal is to start full scale production in a 34 ha farm and process the biomass for feed. The long term goal is to start sea based production of microalgae as feed additive and food.
What makes your approach unique compared to other stakeholders in the field?
Algaepro has access to newly developed technology, large quantities of CO2, process water and land. Large aquaculture feed producers are located less than 1 hr by car from the production site.
You can meet Algaepro in Toulouse at the START-UP VILLAGE @EFIB on 17-18 October.