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Sustain-ALGae

Sustainable Integrated micro-Algae Culturing System (Sustain-ALGae)

Total Cost €

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EC-Contrib. €

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Partnership

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Project "Sustain-ALGae" data sheet

The following table provides information about the project.

Coordinator
SAGANATURA EHF 

Organization address
address: SUDURHELLU 8
city: HAFNARFJORDUR
postcode: 221
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Iceland [IS]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.2.4. (Sustainable and competitive bio-based industries and supporting the development of a European bioeconomy)
2. H2020-EU.3.2.1. (Sustainable agriculture and forestry)
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
4. H2020-EU.3.2.2. (Sustainable and competitive agri-food sector for a safe and healthy diet)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2016
 Duration (year-month-day) from 2016-08-01   to  2016-12-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SAGANATURA EHF IS (HAFNARFJORDUR) coordinator 50˙000.00

Map

 Project objective

Truly high profits wait for those that take algae culture to the next level. This has been known to the food and animal-feed industry for some time, as bio-mass produced by microalgae is both immensely valued and highly priced. Bioactive compound of the micro-algae in question is 5 % of the algae mass and the price is 10.000€/kg. The remaining 95% are high quality proteins and lipids used for fish feed and later for food. These highly valued and priced algae-based compounds are however a scarcity in today’s markets due to technical obstacles in algae farming as today’s reactors only enables harvest in areas where outdoor culture of microalgae is feasible. The innovation in question offers a solution to this obstacle namely a tank based photo-bio reactor which has the potential to address the economical and social challenge of feeding the ever growing world population. The solution is highly productivity LED reactors for mass culture of microalgae. Presently being scaled up from 1000L to 5000L. The reactor enhances harvest/m2 by 400%, harvest by Kw hr. by 100%, lowers production cost by 30% and lowers capital cost by 20% and decreases losses in production from 30-50% down to 5%. A pilot version of innovation has already yielded a “cash cow” for the applicant, based on the highly price valued 5% concentration of astaxanthin - the compound that makes salmon red. The compound will be sold as capsules in late 2017 to an Italian pharmaceutical corporation dedicated to creating novel medicines for the unmet needs of patients with rare diseases. The market’s demand proves what enormous potential that the photo-bio reactor has for food and animal-feed farming in Europe as well as for the pharmaceutical industry.

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The information about "SUSTAIN-ALGAE" are provided by the European Opendata Portal: CORDIS opendata.

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