EERE may fund “up to $8 million” for algal biofuel advances

EERE may fund “up to $8 million” for algal biofuel advances

The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE), on behalf of the Bioenergy Technologies Office (BETO), has announced their intent to issue a funding opportunity announcement (FOA) for up to $8 million, subject to appropriations. The FOA, entitled “Productivity Enhanced Algae…

Omega-3 ingredients market est. $3.79 billion by 2022

Omega-3 ingredients market est. $3.79 billion by 2022

EPA/DHA (omega-3 ingredients) market size is likely to be worth USD 3.79 billion by 2022, according to a recent research report by Global Market Insights, Inc. An increasing trend towards healthy nutrient-fortified diets is likely to drive the EPA & DHA ingredients’ market growth. Dietary supplements accounted…

Cyanotech reports upturn in spirulina sales

Cyanotech reports upturn in spirulina sales

Hawaii-based Cyanotech Corporation has announced financial results for the second quarter and first six months of fiscal year 2017, ended September 30, 2016. For the second quarter of fiscal year 2017 compared to the second quarter of fiscal year 2016, net sales were a record $9,862,000 compared to $8,516,000…

TerraVia reports Q3 2016 results

TerraVia reports Q3 2016 results

TerraVia, the next-generation food, nutrition and specialty ingredients company that evolved out of algae innovator Solazyme, has announced financial results for the third quarter ended September 30, 2016. “Financial results for the third quarter of 2016 reflect progress in the Company’s transition to food, nutrition and specialty…

Algae treatment for blindness scores $60M

Algae treatment for blindness scores $60M

John Gallagher reports in the Detroit Free Press that Ann Arbor, Michigan-based RetroSense Therapeutics, a small eye-care company that uses green algae genes to treat a type of human blindness, has sold for $60 million to Allergan, a $4 billion-a-year maker of skin and eye care products…

$1.1B global algae market projected by 2024

$1.1B global algae market projected by 2024

According to this report, the global algae market was valued at US$ 608.0M in 2015 and is projected to reach US$ 1.143B by 2024, at a CAGR of 7.39% from 2016 to 2024. In terms of volume the algae market is expected to reach 27,552 tons by 2024, expanding at a CAGR of 5.32% between 2016 and 2024…

Scientist awarded for algae to biofuel software

Scientist awarded for algae to biofuel software

Md Tamjidul Hoque, a Bangladeshi computer scientist and an assistant professor in the computer science department at the University of New Orleans (UNO), has been awarded $141,453 by the Louisiana Board of Regents Industrial Ties Research Subprogram for developing the software tools and theoretical underpinning…

$1.25 million to study cilia and flagella

$1.25 million to study cilia and flagella

They are the tiny motors present in many of the human body’s most complex systems. Cilia are hair-like structures that oscillate in waves, and are present in the brain, kidneys, lungs and reproductive system. They move liquids such as cerebrospinal fluid and mucus past the cell surface, and throughout the body…

Cyanotech posts financial results

Cyanotech posts financial results

Hawaii-based Cyanotech Corporation, producer of microalgae-based nutrition and health products, has announced financial results for the first quarter of fiscal year 2017, ended June 30, 2016. For the first quarter of fiscal year 2017, compared to the first quarter of fiscal year 2016, net sales were $7,322,000…

New Wave Foods’ sustainable shrimp from red algae

New Wave Foods’ sustainable shrimp from red algae

San Francisco biotech startup New Wave Foods aims to address the impact of overfishing, bycatch, water pollution, slave labor, an animal death toll in the trillions, and other ills of our unsustainable lust for shrimp…with red algae. In the lab, New Wave Foods has engineered a product with the same taste, texture, and look…

Astaxanthin leading carotenoids market growth

Astaxanthin leading carotenoids market growth

Astaxanthin is leading a steady growth in the carotenoids market, which is projected to reach a value of $1.53 billion U.S. by 2021, growing at a CAGR of 3.78% from 2016 to 2021. According to the new study by reportsnreports.com, the market is being driven by factors such as increasing health consciousness…

DOE $15 million to improve algal biofuels/bioproducts

DOE $15 million to improve algal biofuels/bioproducts

The U.S. Energy Department (DOE) has announced up to $15 million for three projects aimed at reducing the production costs of algae-based biofuels and bioproducts through improvements in algal biomass yields. These projects will develop highly productive algal cultivation systems and couple those systems…

Gencor invests US$1M in Algae.Tec

Gencor invests US$1M in Algae.Tec

Algae.Tec has announced a US$1M investment into the Company by Gencor Pacific, the global Lifestage Solutions company. This investment will enable Algae.Tec to accelerate the development of its production capacity and improve the efficiency of its nutraceutical plant, expand its laboratory capabilities and cater…

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…

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