Algaia secures 4m euros to expand French algae facility

Foodbev.com reports that French marine ingredients company Algaia will install a new specialty seaweed extract unit at its facility in Brittany, France, after securing €4 million in funding from its main shareholder, Maabarot Products. Algaia works with local fishermen to harvest brown algae just a few kilometers from the site…

Algae products market growth projections 2018-2023

The algae products market is estimated at USD $3.98 billion in 2018 and is forecast to reach USD $5.17 billion by 2023. It is projected to grow at a CAGR of 5.4% during the 5-year period. These predictions are based on a Research and Markets study of major international companies whose work is significant…

Algae Natural Food and Cargill team for microalgae project

Two-year-old microalgae producers Algae Natural Food, based in Northeastern France, and Cargill, one of the world’s leading malt producers, have launched the first stage of their project to grow microalgae in Strasbourg, France’s port area. For this circular economy project, Algae Natural Food… [Read the full story]