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Algiecel

Producing tomorrow´s sustainable protein and omega-3 rich products utilizing captured CO2, microalgae, and a win-win business model.
2021
Nov-50
11-50
Odense, Syddanmark, Denmark

Innovation

Industry Problem

Conventional protein and oil production can require substantial land and water and create greenhouse-gas emissions, while industrial CO2 remains underutilized.

R&D Focus

Microalgae cultivation, carbon utilization and algae-derived food/feed ingredients.

Innovative Solution

Uses compact, modular photobioreactors to convert captured CO2 into microalgal whole-cell biomass, algae oil and protein fractions.

Solution Effectiveness

The company states its system reduces land and water requirements and can be installed close to industrial CO2 sources; no independently verified commercial-scale performance figure was found.

Investment Funding

Last Funding Stage

Venture - Series Unknown

Total Funding Amount

12.96M

Last Funding Amount

7.33M

Last Funding Date

11-10-2024

Lead Investors

Vaekstfonden, Horizon Europe, West Hill Capital, Innovation Fund Denmark, BioInnovation Institute

Revenue

$1M to $10M

People

Founders

About

ALGIECEL – Securing CO2 neutrality with carbon capture as a service Microalgae Cultivation – Easily scalable with modular photobioreactors ALGIECEL is transforming CO2 emissions and LED light into microalgae biomass and Oxygen. The company has developed a plug & play photobioreactor that can be stacked and packed as it is fitting into standard shipping containers. The reactor is easily installable and requires little technical know-how from small and mid-size industrial clients. ALGIECEL has designed a novel business model that transforms the cost challenge of CO2 removal into a profitable business opportunity across the entire value chain through revenue sharing from the microalgae biomass and carbon credit sales. ALGIECEL´s primary target markets for the application of the photobioreactor will be the biogas and fermentation sectors. In these fast-growing industries many sites are too small for large power-to-x projects to reduce CO2 emissions. Here, ALGIECEL aspires to help in solving the CO2 challenge with our modular carbon capture technology and revenue sharing business model.

Products

Product

Microalgal whole-cell biomass, algae oil and protein fractions for food, feed and cosmetics.

Star Product

Modular photobioreactor platform – enables distributed conversion of industrial CO2 into algae ingredients.

Demo Product or Complete Product?

Pilot and scale-up stage for ingredient production.

Future Plan

Investment Funding

Raised DKK 50 million (approximately €6.5 million) in equity funding in October 2024, led by West Hill Capital.

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