Cyanotech Reports FY2016

Cyanotech Reports FY2016

Microalgae-based, high-value nutrition and health products maker Cyanotech Corporation announced financial results for the fourth quarter ended March 31, 2016 and fiscal year 2016. “Our market shares in the natural products channel remain excellent; for the 52 week period ending May 15, 2016, BioAstin…

TerraVia Reports First Quarter Results

TerraVia Reports First Quarter Results

TerraVia™, formerly Solazyme, Inc., has announced results for the first quarter ended March 31, 2016. Results for the quarter reflect the Company’s recently announced focus on the food, nutrition and specialty ingredient categories. Total revenue for the first quarter of 2016 was $10.9 million compared with $12.6 million…

SIMRIS now trading on Nasdaq First North

SIMRIS now trading on Nasdaq First North

Nasdaq has announced that the trading in Simris Alg AB’s shares (short name: SIMRIS B) has commenced on Nasdaq First North in Stockholm, Sweden. Simris Alg belongs to the consumer goods sector and is the 18th company to be admitted to trading on Nasdaq’s Nordic markets in 2016. Simris Alg is a Swedish…

Soaring fishmeal prices make algae more appetizing

Soaring fishmeal prices make algae more appetizing

Jason Holland writes in SeafoodSounce.com that the ability of marine and freshwater algae to produce omega-3 oils makes them increasingly suitable for replacing price volatile fish oil and fishmeal products, especially aquaculture feeds. The fish and shrimp farming sectors have been experiencing significant…

TerraVia (Solazyme) and Unilever sign $200 Million deal

TerraVia (Solazyme) and Unilever sign $200 Million deal

In a week of major announcements by the transitioning Solazyme, news that their newly christened TerraVia embodiment has announced a five-year global supply agreement with Unilever. The agreement provides for Unilever to purchase renewable algae oils for use in personal…

Cyanotech sales down during strategic refocus

Cyanotech sales down during strategic refocus

Kailua Kona-based Cyanotech Corporation announced financial results for the third quarter and first nine months of fiscal year 2016, ended December 31, 2015. For the third quarter of fiscal 2016 compared to the third quarter of fiscal 2015, net sales were $7,534,000 compared to $9,691,000, a decrease of 22%…

German soft drink market promoting algae

German soft drink market promoting algae

Julia Buech writes for Mintel Research that, as concerns over the health and environmental impacts of eating meat have grown in Germany, so too has interest in alternative protein sources, including seaweeds such as algae, chlorella and spirulina. Indeed, Mintel research finds three out of five German consumers…

DOE offers $15 Million for upping algal biomass yield

DOE offers $15 Million for upping algal biomass yield

The U.S. Energy Department has announced up to $15 million in funding to develop technologies that are likely to succeed in producing 3,700 gallons of algal biofuel intermediate (or equivalent dry weight basis) per acre per year (gal/acre/yr) on an annualized average basis (not peak or projected)…

Japan’s Chitose ramping up spirulina capacity abroad

Japan’s Chitose ramping up spirulina capacity abroad

Akane Okutsu writes for asia.nikkei.com that Japanese bioventure Chitose Laboratory is taking its spirulina business overseas, with plans to quintuple capacity for the edible blue-green algae by setting up American and Singaporean production bases. Chitose was launched in 2002 to develop…

Algae ink startup crowdfunds $60K

Algae ink startup crowdfunds $60K

George Demopoulos writes in BusinessDen about a Colorado algae startup that has inked its first round of sales, using Kickstarter to raise $60,000. Living Ink, which developed invisible ink that appears over a few days, quadrupled its $15,000 target in a campaign that just ended…

Manufacturer to pay $1 million for OriginClear China rights

Manufacturer to pay $1 million for OriginClear China rights

OriginClear, a leading provider of algae harvesting and water treatment solutions, and its master licensee for China, OriginClear Hong Kong (OCHK), have announced that OCHK has signed a binding Memorandum of Understanding (MOU) to launch a sales joint venture (JV) in the People’s Republic…

Cyanotech reports latest financial results

Cyanotech reports latest financial results

Kailua Kona, Hawaii-based Cyanotech Corporation, a leader in the production of astaxanthin and spirulina-based products, has announced financial results for the second quarter and first six months of fiscal year 2016, ended September 30, 2015. For the second quarter of fiscal 2016 compared to the second…

Reliance exercises $500,000 in options for Algae.Tec

Reliance exercises $500,000 in options for Algae.Tec

Algae.Tec Limited, with offices in Atlanta, Georgia and Perth, Western Australia, has announced the exercise of $500,000 ($362,000 USD) of options by India’s Reliance Industrial Investments and Holdings Limited at an exercise price of $0.07cents a share. These options were issued under a second subscription…

Capital Fund invests $150,000 in Manta Biofuel

Capital Fund invests $150,000 in Manta Biofuel

The Chesapeake Bay Seed Capital Fund, located in College Park, Maryland, has invested $150,000 into Manta Biofuel LLC, a company that produces crude oil from algae at a cost that is intended to be competitive with traditional petroleum, University of Maryland officials recently announced…

Singapore’s Innopac forms JV to grow microalgae

Singapore’s Innopac forms JV to grow microalgae

Deal Street Asia reports that Singapore-based Innopac Holdings, which has a 90 per cent equity stake in a natural gas distribution company in Dezhou, China, as well as investments in the real estate, property development and equities domains, has formed a joint venture (JV) with Primeforth Renewable Energy to commercially…

Trans’Alg consortium gets launch funding

Trans’Alg consortium gets launch funding

Fermentalg, a Libourne, France-based industrial biotechnology company that specializes in the production of oils and proteins from microalgae, has signed the consortium agreements to launch the Trans’Alg program. A €31.2 million ($35.6 million USD) collaborative program over 5 years, Trans’Alg will have major…

Town backs Avespa with $200,000 for algae business

Town backs Avespa with $200,000 for algae business

Bill DiPaolo writes in the Palm Beach Post that a $200,000 loan guarantee for a firm that produces algae was approved unanimously this week by the Jupiter, Florida town council. The company, Avespa Holdings, LLC will be moving into an office in the Jupiter Park of Commerce. The algae they produce will be…

New report: astaxanthin revenue to grow 146% by 2020

New report: astaxanthin revenue to grow 146% by 2020

Astaxanthin has been widely used in the aquaculture industry for pigmentation of salmon, trout and shrimp; used for its antioxidant and other health benefits in the nutraceutical industry; used in cosmetics for its skin care and anti-aging properties; and also used for fortification of foods and beverages…

Natural food color demand boosting spirulina sales

Natural food color demand boosting spirulina sales

The demand for spirulina as a natural food colorant is robust in the North America food processing industry, according to a new study by market intelligence firm Future Market Insights (FMI). Spirulina, which can give a blue color to a food product, is widely used in the confectionary and dairy products…

OriginClear to acquire Progressive Water Treatment

OriginClear to acquire Progressive Water Treatment

OriginClear Inc. has entered into a definitive agreement to acquire 100 percent of Dallas-based Progressive Water Treatment Inc., (PWT) a profitable and fast-growing designer, builder and service provider for a wide range of industrial water treatment applications. PWT is being acquired for OriginClear…

Boom in astaxanthin boosts carotenoid market

Boom in astaxanthin boosts carotenoid market

The market for carotenoids has changed dramatically for some product segments in the past four years. Prices have dropped for a number of products while market value has risen for others. In particular, the global market for astaxanthin should see big growth courtesy of a sizeable market and…

Cyanotech net sales up 20% for FY 2015

Cyanotech net sales up 20% for FY 2015

Kona, Hawaii-based Cyanotech Corporation, a leader in microalgae-based, high-value nutrition and health products, has announced that, for fiscal year 2015 compared to fiscal 2014, net sales were $33,809,000 compared to $28,178,000, an increase of 20%. Gross profit was $14,466,000…

DOE awards $18 million for algal bioproducts and biofuels

DOE awards $18 million for algal bioproducts and biofuels

The U.S. Energy Department has announced six projects that will receive up to $18 million in funding to reduce the modeled price of algae-based biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. This funding supports the development of a bioeconomy that can help create green jobs…

Euglena thrives in health food market

Euglena thrives in health food market

Tom Redmond and Yuko Takeo report for Bloomberg.com that, after 10 years of developing algae as a nutritional supplement generating $37.8 million in annual revenue, Japanese algae company Euglena has teamed up with corporate giants including All Nippon Airways and a unit of…

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