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…

DOE funding projects for biofuels, bioproducts, and biopower

DOE funding projects for biofuels, bioproducts, and biopower

The Energy Department (DOE) has announced the selection of six projects for up to $12.9 million in federal funding, entitled, “Project Definition for Pilot- and Demonstration-Scale Manufacturing of Biofuels, Bioproducts, and Biopower.” These projects, required to share the cost at a minimum of 50%…

Up to $8 Million from DOE to develop algae-based biofuels

Up to $8 Million from DOE to develop algae-based biofuels

The U.S. Department of Energy Office of Energy Efficiency and Renewable Energy’s (EERE’s) Bioenergy Technologies Office has officially announced a funding opportunity of up to $8 million, subject to appropriations, for innovative technologies and approaches to help advance bioenergy and bioproducts from algae…

$10-million search for algae bloom solution

$10-million search for algae bloom solution

The George Barley Water Prize, presented by The Everglades Foundation, will award $10 million to the researcher or researchers capable of developing a cost-effective process for recovering phosphorus while yielding clean water from natural water bodies on a globally-applicable scale…

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…

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