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Alginor`s Ocean Refining Total utilizing technology

Objective

Alginor will carry out a feasibility study on its innovative AORTA technology for sustainable utilization of seaweeds. The feasibility study includes examining the technical- and economic viability, identification of specific technical risks, raw material risks and alternative sources in order to proof the viability of the technology and highlight the economic benefits. The proposal is outlining the need for elaboration of vital commercial elements in a Business Plan, including development of an Organizational and Financial strategy.

Alginor will establish a biorefinery for seaweeds based on our highly innovative AORTA technology. The concept aims at total utilization of seaweed by a multiproduct blue biorefinery. The concept achieves cost-advantages through cost-sharing over multiple products such as biopolymers, savoury, bioactive compounds as well as food and feed products. The product portfolio will facilitate new value chains and meet customer demands, especially according to mega-trends within Pharma & API, Health & Nutrition, Food, Biomaterials, Feed, Agro and Chemical industries. Initial focus in the key markets is the need for high-grade powders to the food-, health- and nutrition industries. Higher product yield from an ultra-pure and formula-specific product portfolio improves overall economy of the project. Further, the AORTA concept will increase raw material utilization to ~100% and make utilization of environmental chemicals in the production obsolete.

The planned feasibility study is a step towards minimizing risks during commercialization of the technology. The ultimate business goal is to establish a large scale manufacturing unit (the biorefinery). Risk minimization through first performing a demonstration-plant of smaller scale in order to control project-risk is vital for future financing. The present feasibility study will lay the foundations for an Investor Memorandum (Phase 2).

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2016-2017

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Coordinator

ALGINOR ASA
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
HARALDSGATA 162
5525 Haugesund
Norway

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Norge Vestlandet Rogaland
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00

Participants (1)

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