Cyanotech: 13.7% sales dip in 2nd quarter, rebound expected

Cyanotech: 13.7% sales dip in 2nd quarter, rebound expected

Hawaii-based algal nutrition company Cyanotech Corporation has announced financial results for the second quarter and first six months of fiscal year 2019, ended September 30, 2018. For the second quarter of fiscal 2019 compared to the second quarter of fiscal 2018, net sales were $6,954,000 compared…

AlgaEnergy and Yokogawa pact to grow microalgae sector

AlgaEnergy, a Spanish biotechnology company specializing in the production and commercial applications of microalgae, and Yokogawa Electric Corporation, a leading provider of industrial automation, control, and measurement technology, have announced the signing of an equity participation…

DOE: $15M for 7 algal bioenergy R&D projects

DOE: $15M for 7 algal bioenergy R&D projects

The U.S. Department of Energy (DOE) has announced the selection of 7 algal projects totaling $15 million to support early-stage bioenergy research and development. This R&D will go toward enabling cost-competitive, drop-in renewable hydrocarbon fuels, bio-based products…

British investors take a close look at Firglas

British investors take a close look at Firglas

Chris Tosic writes in the Financial Times that the Enterprise Investment Scheme (EIS) offers high-risk investors generous tax breaks in return for investing in early-stage start-ups. Wealthier investors hit with cuts to pension tax relief have also embraced it as a way of cutting their tax bills. EIS investors receive…

Sunken Seaweed project gets San Diego Port approval

Sunken Seaweed project gets San Diego Port approval

Parimal M. Rohit writes in thelog.com that a company seeking to demonstrate the potential of seaweed aquaculture as a source of environmental sustainability and fish farming will receive $137,000 from the Port of San Diego as part of a pilot project under the district’s “Blue Economy” program. The Port of San Diego’s Board of…

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 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…

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…

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…

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…

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…

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…

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…

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…

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