The AlgaeProBANOS project addresses a challenge in the Baltic and North Sea (BANOS) area: how to harmonise economic development with social and environmental goals in line with the Mission Ocean. The project brings together 26 expert and industry partners from the BANOS area and beyond, to accelerate product development and market access of sustainable algae solutions.
There is a rising demand for green healthy natural consumer and bio-based products, and algae can become the biomass resource of the future, without using fresh water, arable land, or added fertilisers and or pesticides. Both the Baltic and North sea engulf the necessary conditions to scale up production and produce both commodity and sophisticated algae- based products. Spanning four years and with a budget of over €12 million, of which around €1 million is to be contributed by SMEs, AlgaeProBANOS will focus on leveraging the unique properties of algae to create new, high-value products and services for a variety of applications.
Through the project, the 26 partners and affiliated entities of the AlgaeProBANOS consortium will build acceleration networks and digital solutions to support algae businesses, while running six business pilots across the Baltic and North Sea region, making use of both micro- and macroalgae for applications in food, feed, nutraceuticals, textiles, cosmetics and plant biostimulants. The project will bring eight innovative algae-based products to market, helping to meet the growing demand for ecologically friendly, high quality circular bio-based goods. To ensure the social, environmental and economic sustainability and circularity of the algae sector, partners will develop a framework, while working directly with consumers to raise awareness and ensure new products meet end-user demands and trends.
At a meta level, the Algae Accelerator develops new and aggregates existing knowledge, and develops a portfolio of solutions, guidelines and a collaboration and training platform, to benefit the entire algae industry and nourish it into a thriving industry by 2050. The legacy of AlgaeProBANOS will be deposited to the Ocean Mission BANOS and the EU4Algae.