ALGBIO - CO2 capture from flue gas and phycoremediation of wastewater via microalgae for carbon negative biofuels/bioplastic production with the circular economy model

Información del proyecto

ALGBIO

Identificador del acuerdo de subvención: 101113683

DOI

10.3030/101113683

Proyecto cerrado

Fecha de la firma de la CE 2 Junio 2023

Fecha de inicio 1 Julio 2023

Fecha de finalización 31 Marzo 2024

Financiado con arreglo a

• European innovation ecosystems

Coste total

Sin datos

Aportación de la UE

€ 75 000,00

Coordinado por

ALGBIO ENERJI ARITIM VE MUHENDISLIK ANONIM SIRKETI
Türkiye

Periodic Reporting for period 1 - ALGBIO (ALGBIO - CO2 capture from flue gas and phycoremediation of wastewater via microalgae for carbon negative biofuels/bioplastic production with the circular economy model)

Período documentado: 2023-07-01 hasta 2024-03-31

Resumen del contexto y de los objetivos generales del proyecto

Algbio is a deeptech company that treats wastewater and captures CO2 with microalgae to produce biofuel and bioplastic. Algbio enables the transition from the fossil based economy to the sustainable manufacturing with circular model. Both algal biofuel and bioplastics align with growing industry preferences for eco-friendly alternatives and contribute to resource efficiency and waste reduction, making them promising solutions in the shift towards a more ecologically viable future.

Within Algbio Women TechEU project we aimed to:

- To undertake testing and demonstrations and identify the technical maturation activities
- To define the features and robustness of produced bioproducts
- To identify potential customers and their needs
- To address the environmental, regulatory and socio-economic issues
- To conduct a market analysis along with refining the go-to-market approach
- To undertake a NPA to ensure the freedom to operate

Trabajo realizado desde el comienzo del proyecto hasta el final del período abarcado por el informe y los principales resultados hasta la fecha

-We have implemented the ALGBIO in an operational environment and conducted a comprehensive evaluation of the test results
-Novel production methodologies and formulations were meticulously developed, employing rigorous scientific approaches to enhance efficiency and efficacy
-We've implemented significant biotechnological advancements across the algae-based biofuel and bioplastic production
-We have analyzed the outcomes of the assessments, encompassing technical findings and prospective enhancements, to validate and refine our system
-We have accomplished the progression of our TRL from 5-6 to 7
All these efforts led to advancements in CO2 capture, renewable energy and sustainable material production indicating both scientific progress and potential commercial applications.

Avances que van más allá del estado de la técnica e impacto potencial esperado (incluida la repercusión socioeconómica y las implicaciones sociales más amplias del proyecto hasta la fecha)

We have performed the following activities:

- We have mapped our target market, customers and competitors
- We have identified needs and the European manufacturing industry
- We have identified key target early adopters in Türkiye and EU
- We have established marketing & commercialization strategies to increase Algbio visibility and started collaborative relationships with key strategic partners
- We have performed several NPA to establish our freedom to operate
- We have attended different events for promotion and marketing including Women Leadership programme by EIC, EIC Summit 2024 among other events.
- We had meetings with business coach for market research, pricing strategy, fundraising, business financials

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