5Center of Biotechnology and PPGBCM, Federal University of Rio Grande do Sul, Porto Alegre, Brazil.4SRL-Environmental, LLC, Racine, WI, United States.3Culture and Research (ACECR)-Khorasan Razavi Branch, Industrial Fungi Biotechnology Research Department, Academic Center for Education, Mashhad, Iran.2Faculty of Science, Department of Chemistry, Ferdowsi University of Mashhad, Mashhad, Iran.1Faculty of Engineering, Department of Civil Engineering, Ferdowsi University of Mashhad, Mashhad, Iran.Pourianfar 3 Stephen Lyon 4 Pabulo Henrique Rampelotto 5 The container-based plug & play structure also means a more flexible capex solution for clients.Marziyeh Molazadeh 1 Hossein Ahmadzadeh 2 * Hamid R. “We can thus achieve constantly efficient production with increasing scale, as compared to competing solutions. “By using small reactor systems with high yields, we can scale individual production sites through the addition of modules rather than increasing the size of batches,” they say. “We are delighted to announce the next cohort of start-up initiatives accepted onto the program and we look forward to supporting them with the many aspects of development needed to deliver first-in-class science that will positively impact global health and the environment.” Start-up techįormed in 2021, Algiecel’s modular based, closed, tubular photobioreactor uses horizontal pipes divided into nine, separately removable models.Įach pipe is mounted on an aluminium profile which supports the pipes, and the mounted LED display.īy controlling the lighting with the LED tech, the photobioreactor also controls the growth of the algae with minimal risk of contamination.Īlgiecel says that the photobioreactor is flexibly applicable on varying grades of CO2 and can host any microalgae species that grows with photosynthesis, thereby transforming light and Co2 into biomass. “Following the launch of our Venture Lab program last year and an initial intake of exciting new companies, BII has continued to receive a stream of promising applications,” says Bobby Soni, Chief Business Officer at BioInnovation Institute. Since its inception in 2018, BII has supported 71 start-ups and projects with €44m in funding. In a statement, the Odense-based firm adds that its business model, “transforms the cost challenge of CO2 removal and potential emission penalties into a profitable business opportunity across the entire value chain through revenue sharing from derivative product sales.” Īlgiecel joins Ousia Pharma, Tetrakit Technologies, Nordic Virtual Pastures, Aiomic, Mello, Warburg Oncology and Probmet as the latest participants in its Venture Lab acceleration program for early-stage companies.Īnnounced last week, the eight ventures align with BII’s focus, developing initiatives across three specialist areas – therapeutics, bioindustrials and health tech.īII’s 12-month Venture Lab program supports business acceleration, scientific and team development, and provides a risk-free convertible loan of €0.5m+ access to facilities at BII’s Copenhagen ecosystem. In explain its approach, the Company uses natural microalgae organisms, and photobioreactor technology that is fitted to standard shipping containers, to offer firms carbon capture as a service.Īlgiecel believes it possible to remove millions of tonnes of CO2 annually from industrial production without affecting client income. “It has been a pleasure working with the BII team, and I would like to thank the team for their support and commitment.” “Having such a well-renowned partner on board is not only beneficial from a financing perspective but is also a seal of approval of the technology and the proposed business model. This CO2 will then be turned into the omega-3-rich products for use in the food and feed industry as Algiecel’s CEO Henrik Busch-Larsen comments: “We are very pleased to have been accepted into the Venture Lab programme and to have received funding from BII. With finance provided by the BioInnovation Institute (BII), Algiecel are looking to build and test a mobile container-based photobioreactor that uses algae to isolate CO2 emissions from industrial processes. Emulsifiers, stabilisers, hydrocolloids.Chocolate and confectionery ingredients.Carbohydrates and fibres (sugar, starches).
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