Alginor ASA seeks towards a sustainable and resource efficient future based on seaweed treasures from beyond the Arctic Circle.
Business Model:
Revenue: $0
Employees: 11-50
Address: Haraldsgata 162
City: Haugesund
State: hordaland
Zip: 5525
Country: NO
Alginor ASA seeks towards a sustainable and resource efficient future based on seaweed treasures from beyond the Arctic Circle. The company focuses on total utilization of seaweeds for production of unique, pure and formulated products in a multifunctional biorefinery. Through safe, eco-friendly and efficient operations, Alginor sets the standard for tomorrow’s innovative solutions and technologies. Alginor ASA was established 24th March 2014 to commercialize knowhow and technology through the construction of an integrated Biorefinery for seaweeds. Seaweeds are among the world’s largest untapped resource. Norway’s seaweed forest constitutes 80 % of the coastal biomass with a standing stock estimated to 50 million tons. However, in order to utilize seaweeds effectively it is necessary to use a technology which exploits the entire biomass – a biorefinery. Alginor plans to start up the first biorefinery in Norway focusing on total (i.e. 100 %) utilization and resource efficient processing of seaweeds to pure and formula-specific products for use in food, feed, pharma, agri, chemicals and materials. The biorefinery will be in the form of a Demonstration unit with a tentative production capacity of 5,000 tons of seaweed per year. Further, Alginor plans a new expansion to a full-scale industrial Biorefinery with an annual production capacity of 50,000 tons of seaweed per year.
Contact Phone:
+14752707310
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2017 | Seed Round | 1 | $52.6k |
EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs |
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