Click here for more information about Algenuity
Click here for more information about Liqofluxphenometrics515R1
Visit cricatalyst.com!Evodos Separation Technology

Money

Euglena cultivating algae for food, face cream and jet fuel

March 24, 2017
AlgaeIndustryMagazine.com

Euglena shares its name with the algae its business relies on. Courtesy CNNTech

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 Japanese airline ANA. “Everyone says it’s crazy the first time they hear the idea,” says Euglena’s founder, Mitsuru Izumo. But “in terms of science and technology… it’s a very simple idea.”

Euglena, which shares its name with the algae its business relies on, is building a test facility in Yokohama, near one of Tokyo’s two main airports. It’s expected to pump out five barrels of “green crude” a day after it comes online next year.

But Mr. Izumo wants to ramp up production 400% and open a second refinery by 2020 in order to bring down the cost of the carbon-neutral biofuel to make it commercially viable.

Mr. Izumo came across the algae – which has characteristics of both plants and animals – while searching for a superfood. After witnessing starving children during a 1998 visit to Bangladesh, he wanted to help fight malnutrition. He was inspired by a story in a manga comic to find a “magic bean”-like ingredient that could solve major problems facing the world.

He didn’t find a magic bean, so he settled for microscopic algae instead.

That decision has worked out well. He’s built a company out of it that’s valued at around $930 million USD on the Tokyo Stock Exchange.

And some of his staff have dreams of even more ambitious applications, including using the algae to power a trip to Mars and feed the astronauts along the way.

Melissa Hassett contributed to this report.

Read More

More Like This…

HOME A.I.M. Archives

Copyright ©2010-2018 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives

From The A.I.M. Archives

— Refresh Page for More Choices
The GNT Group, a market leader in using algae as natural ingredients for color, has begun construction of an additional spirulina plant at its headquarters in Mierlo, the...
Stavanger, Norway-based Skretting, a 100+ year-old leader in the manufacture and supply of aquaculture feeds for fish and shrimp, has announced that they are now offering...
Dr. Tom Dempster works as a research professor – focusing on strain selection and development, biomass production, algal biofuels and high-value products, and air and was...
Since hydrogen fuel cells produce electricity, we are increasingly thinking about hydrogen as a successor to crude oil. But where will the hydrogen come from? Its ecologi...
Fraunhofer-Gesellschaft reports in Science Daily that two algae species survived 16 months on the exterior of the International Space Station (ISS) despite extreme temper...
Aquaculture is the fastest-growing segment in the feed industry. According to the 2017 Alltech Global Feed Survey, the aquaculture industry experienced a 12 percent incre...
Dan Wood, at the University of Connecticut, writes that assistant extension educator of marine aquaculture at UConn’s Avery Point Campus, Anoushka Concepcion, spoke about...
Essen, Germany-based Evonik, and Royal DSM, headquartered in Kaiseraugst, Switzerland, have announced their intention to establish a joint venture for omega-3 fatty acid ...
For algal biofuels to compete with petroleum, farming algae has to become less expensive. Toward that goal, Sandia National Laboratories is testing strains of algae for r...
Diane Stopyra writes in Salon.com that a growing number of coastal states around the country are undertaking large-scale seaweed farming projects. While farms are underwa...
Carl Zimmer writes in The New York Times about a team of Australian scientists studying how climate change will alter ecosystems – by using miniature ecosystems, called m...
Malaysia-based Algaetech International, a pioneer algae technology company specializing in R&D, as well as production and commercialization of algae-derived high ...