SIMRIS

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City: Hammenhög

State: Skane Lan

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Country: Sweden

Simris is a multi-awarded pioneering agribusiness growing algae in Sweden. We save and protect endangered marine habitats, by producing unique ingredients from farmed microalgae instead of fish and other marine animals. Our goal is to be the beacon for positive change in business. We are based in Hammenhög, Österlen/greater Copenhagen, close to the sun and the sea. Simris is a pioneer in the development of microalgae as a novel crop and biotechnological production platform. We have developed an industrial process for growing microalgae to produce omega-3, as a vegan and superior alternative to fish oil and krill. We own the entire value chain from farm to bottle, i.e. from cultivation to finished product. We have recently started to develop further substances and ingredients from microalgae, to replace additional commodities from endangered marine species and ocean habitats at risk. Microalgae, or phytoplankton, are microscopically small aquatic plants. Just as land-based plants, microalgae grow by photosynthesis, where atmospheric carbon dioxide is converted to oxygen with the help of sunlight. Microalgae constitute the basis of the marine food chain, meaning that many nutrients that are crucial for human and animal health ultimately originate from microalgae. These substances eventually accumulate in higher marine organisms such as fish and seafood through the marine food chain. Many of these marine species are under the threat of extinction, due to overfishing and the destruction of marine habitats. Furthermore, marine commodities often contain high levels of mercury, PCB, PFAS and dioxins, due to toxic pollutants and plastics in the oceans. By sourcing marine commodities directly from microalgae instead of via fish or krill, we obtain better alternatives that are entirely plant-based and without the environmental toxins. In this way, the products are both safer for consumers, but also superior in terms of positive environmental impact. Cultivation of microalgae is a relatively novel technology at the intersection between biotechnology and precision aquaculture. The commercial potential is considered vast in a number of industries including food, pharma, skincare and advanced materials. However, commercial applications for modern microalgae technology are still limited, as most technology is yet at research stage or restricted to smaller development companies. Simris is one of the leading companies in the field and one of few companies globally that have succeeded to prove their technology at industrial scale and reached market phase for its products. Contrary to industry standard which uses yeast-like algae grown in closed tanks on sugar substrate, Simris uses photosynthetic algae for the production of omega-3. This process has positive climate effects through the conversion of carbon dioxide to oxygen. Also, Simris exclusively grows natural algae strains without genetic modifications that are common in conventional bioprocess engineering. Our first products are sold under the proprietary Simris® Algae Omega-3 consumer brand, targeted at the globally growing markets for wellness products and plant-based alternatives. The products are currently launched on the US market, including trendsetting retailers such as Goop and Erewhon Market. We also have a distribution agreement in South Korea, and retail agreements with Sweden’s major department store Åhléns and largest pharmacy chain Apoteket. Simris was one of the first publicly listed vegan companies, and has been listed on the Nasdaq First North Growth Market since 2016. We are still in development phase and aim to create long-term sustainable profit for our shareholders, in harmony with our society, our environment and the climate.

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