ALGAEPRINTProject reference: 650549
Funded under :
H2020-EU.3.5. - SOCIETAL CHALLENGES - Climate action, Environment, Resource Efficiency and Raw Materials
Algae Products' Internationalization
Total cost:EUR 71 429
EU contribution:EUR 50 000
Topic(s):SC5-20-2014-1 - Boosting the potential of small businesses for eco-innovation and a sustainable supply of raw materials
Call for proposal:H2020-SMEINST-1-2014See other projects for this call
Funding scheme:SME-1 - SME instrument phase 1
Microalgae are an inexhaustible source of proteins, lipids, pigments, vitamins or carbohydrates, among others. Therefore, they find potential commercial applications in several sectors of economic activity. Some of them are already commercially viable, such as aquaculture, agriculture, human nutrition or cosmetics, while some others still need R&D to be further developed, such as bioenergy or feed.
In addition, bearing in mind that microalgae are the most efficient natural CO2 capturing system, are very productive and do not compete with fertile lands, they have potential to simultaneously contribute to palliate the big crisis humankind is facing: environmental sustainability, energetic efficiency, and food security.
AlgaEnergy, a solid Spanish biotechnology based SME, did identify this potential. Since its establishment, it has served as a vehicle to consolidate the existing knowledge within the scientific field of microalgae in Spain -a recognized international hub in the matter-, which was dispersed across universities. Using it as a stepping stone, it has been investing in generating further R&D in order to scale-up the processes and develop ready to market products, so that the achievements in the laboratory phase reach also the society.
Within this task, AlgaEnergy has recently been able to reach a semi-industrial scale (TRL 7) with the start of the first phase operations of its semi-industrial plant in South of Spain, that captures real flue gas emissions directly from the second biggest combined cycle plant in Europe, being a worldwide premier. Therefore, AlgaEnergy is now ready to orientate its technology towards the commercialization of its already commercially viable products.
Algae Products' Internationalization (ALGAEPRINT) is based on the commercial orientation that is needed to make AlgaEnergy financially autonomous, after 7 years and millionaire resources invested in applied R&D.
EU contribution: EUR 50 000
AVENIDA DE EUROPA 19
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