Cyanotech reports FY2018 results

Cyanotech reports FY2018 results

Microalgae-based, high-value nutrition and health products manufacturer Cyanotech Corp., of Kailua Kona, Hawaii, has announced financial results for the fourth quarter and fiscal year 2018, ended March 31, 2018. For fiscal year 2018 compared to fiscal year 2017, net sales improved to $34,115,000 compared to…

Global seaweed market passes $4 billion in new study

Global seaweed market passes $4 billion in new study

According to a new report published by Allied Market Research, titled “Seaweed Market by Product and Application: Global Opportunity Analysis and Industry Forecast, 2018 to 2024,” the global seaweed market was valued at $4.1 billion in 2017, and is projected to reach $9.1 billion by 2024, registering a CAGR…

INCJ, Mitsubishi invest in protein maker Tavelmout

INCJ, Mitsubishi invest in protein maker Tavelmout

Innovation Network Corporation of Japan (INCJ) and Mitsubishi Corporation (MC) have announced their joint investment in Tavelmout Corporation. Tavelmout, established in 2014, is one business entity of a group of biotech companies, the Chitose Group, which produces and markets spirulina using…

Algae products market growth projections 2018-2023

Algae products market growth projections 2018-2023

The algae products market is estimated at USD $3.98 billion in 2018 and is forecast to reach USD $5.17 billion by 2023. It is projected to grow at a CAGR of 5.4% during the 5-year period. These predictions are based on a Research and Markets study of major international companies whose work is significant…

New DOE funding programs announced for algal biofuels

New DOE funding programs announced for algal biofuels

The U.S. Department of Energy has announced four funding opportunities totaling up to $78 million to support early-stage bioenergy research and development under the Office of Energy Efficiency and Renewable Energy’s Bioenergy Technologies Office. “The Department of Energy is focused on some of the most exciting…

Algae products market projects $5.17 billion by 2023

Algae products market projects $5.17 billion by 2023

The algae products market is estimated to be USD $3.98 Billion in 2018 and is projected to reach a value of USD $5.17 Billion by 2023, at a CAGR of 5.4%, according to a new report by MarketsandMarkets: “Algae Products Market by Type (Lipids, Carrageenan, Carotenoids, Alginate, and Algal Protein)…

MicroSynbiotiX using transgenic microalgae to deliver vaccines

MicroSynbiotiX using transgenic microalgae to deliver vaccines

Trish Dromey writes in irishexaminer.com that Cork, Ireland, startup MicroSynbiotiX is aiming to help the aquaculture industry achieve a major breakthrough in the war against fish disease by developing a novel delivery platform for the oral immunization of fish and shrimp stocks. Using transgenic microalgae to deliver…

Cyanotech sales increase 30% in Q3

Cyanotech sales increase 30% in Q3

Cyanotech Corporation a leader in microalgae-based, high-value nutrition and health products, announced financial results for the third quarter and first nine months of fiscal year 2018, ended December 31, 2017. For the third quarter of fiscal 2018 compared to the third quarter of fiscal 2017, net sales were $9,150,000…

Lumen raises $13M for spirulina extract

Lumen raises $13M for spirulina extract

Seattle, WA-based Lumen Bioscience, a synthetic biotechnology company developing a novel bio-based product development platform, has raised $13 million of new capital, including a Series A investment round totaling $11.2M and a $1.8M grant from the US Department of Energy. The financing was led by Avista…

Techno-economic analysis of biofuel from seaweed

Techno-economic analysis of biofuel from seaweed

In spite of valuable food and medical products produced from seaweeds, their profitability as energy crops has not yet been commercially confirmed. Seaweed cultivation can be very labor intensive, and also can require expensive equipment. The potential profit of the seaweed-based renewable energy…

Volume down, profits up at Cyanotech

Volume down, profits up at Cyanotech

Cyanotech Corporation has announced financial results for the second quarter of fiscal year 2018, ended September 30, 2017. For the second quarter of fiscal 2018 compared to the second quarter of fiscal 2017, net sales were $8,055,000 compared to $9,862,000 for the Hawaii-based grower and manufacturer…

UNE lands $1.3M grant for seaweed production

UNE lands $1.3M grant for seaweed production

The United States Department of Energy (DOE) announced that the University of New England was awarded a three-year, nationally competitive research grant for $1,321,039 from DOE’s Advanced Research Projects Agency-Energy (ARPA-E). DOE awardees are part of a new program called “Macroalgae Research Inspiring…

ASU, CSU, NREL share in $3.5 million algae project

ASU, CSU, NREL share in $3.5 million algae project

Colorado State University scientists and Arizona State University’s Arizona Center for Algae Technology and Innovation are partners in a three-year grant of up to $3.5 million from the Department of Energy, aimed at improving how algae-based biofuels and bioproducts are made. The Department of Energy’s…

Venter Institute-led team gets $10.7M for diatom research

Venter Institute-led team gets $10.7M for diatom research

Scientists, led by the La Jolla, CA-based J. Craig Venter Institute (JCVI), a not-for-profit genomic research organization, were recently awarded a 5-year, $10.7 million grant by the United States Department of Energy, Office of Science, Biological and Environmental Research (BER), BER Genomic Science Program…

DOE: $22M to advance macroalgae for fuel via MARINER

DOE: $22M to advance macroalgae for fuel via MARINER

The Department of Energy has just announced $22 million in funding through the Advanced Research Projects Agency-Energy (ARPA-E) for 18 innovative projects as part of the Macroalgae Research Inspiring Novel Energy Resources (MARINER) program. MARINER projects are intended to develop the…

DOE: up to $8.8M for algae tech innovations

DOE: up to $8.8M for algae tech innovations

The U.S. Department of Energy (DOE) has announced the selection of four additional projects from the Productivity Enhanced Algae and ToolKits funding opportunity to receive up to $8.8 million. “These projects will deliver high-impact tools and techniques for increasing the productivity of algae organisms…

Cyanotech net sales up 20% for Q-1 FY2018

Cyanotech net sales up 20% for Q-1 FY2018

Cyanotech Corporation has announced financial results for the first quarter of fiscal year 2018, ended June 30, 2017. Compared to the first quarter of fiscal 2017, net sales were $8,809,000 compared to $7,322,000, an increase of 20.3%. Gross profit was $3,603,000, with gross profit margin of 40.9%, compared to gross profit…

Report suggests astaxanthin market @ $2.57 billion by 2025

Report suggests astaxanthin market @ $2.57 billion by 2025

Adoption of advanced technologies in various stages of natural astaxanthin production, such as microalgae harvesting, cultivation, extraction, and drying, have been major factors driving astaxanthin’s market growth, expected to reach USD $2.57 billion by 2025. The new report, by Grand View Research…

DOE — up to $8 Million for “breakthroughs” in algae-based biofuels

DOE — up to $8 Million for “breakthroughs” in algae-based biofuels

The U.S. Department of Energy (DOE) has announced the selection of three projects to receive up to $8 million, aimed at reducing the costs of producing algal biofuels and bioproducts. These projects aim to deliver high-impact tools and…

Cyanotech reports 2017 financial results

Cyanotech reports 2017 financial results

Kailua Kona-based Cyanotech Corporation has announced financial results for the fourth quarter and fiscal year 2017, ended March 31, 2017. For fiscal 2017 compared to fiscal 2016, net sales were $32,042,000 compared to $31,840,000, an increase of 0.6%. Gross profit was $12,224,000, with gross profit margin…

USDA and DOE announce up to $9M for biomass R&D

USDA and DOE announce up to $9M for biomass R&D

The U.S. Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA), in collaboration with the U.S. Department of Energy (DOE), announced that up to $9 million in funding will be made available through the Biomass Research and Development Initiative (BRDI) to increase the nation’s…

Algae.Tec expands into medicinal marijuana

Algae.Tec expands into medicinal marijuana

Algae.Tec Limited has announced that it has entered into a Collaboration and License Term Sheet with Jardin De Invierno SA to expand Algae.Tec’s technology and product footprint into the rapidly growing medicinal marijuana and associated markets. Algae.Tec develops technologies that optimize controlled…

Euglena cultivating algae for food, face cream and jet fuel

Euglena cultivating algae for food, face cream and jet fuel

Sarah Karacs reports for @CNNTech that Japanese firm Euglena has been cultivating a type of algae for use in food and cosmetics. But it sees a range of other potential uses for it. The company is aiming to produce 33,000 gallons of jet fuel a year from Japan’s first algae biofuel refinery, partnering with top…

$1.2 Million to UK CAER to support algae-CO2 project

$1.2 Million to UK CAER to support algae-CO2 project

The University of Kentucky (UK) Center for Applied Energy Research’s (CAER) Biofuels and Environmental Catalysis Group has received a $1.2 million U.S. Department of Energy grant for their novel work in utilizing carbon dioxide from coal-fired power plants to develop bioplastics…

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