DN Group's Algene hits first 4,500-litre microalgae harvest, eyes €9B market
What's the deal? Algene HoldingDealroom has a profile for this one. Try Dealroom → SE, a subsidiary of Frankfurt-based DN GroupDealroom has a profile for this one. Try Dealroom → AG, has completed its first harvest of high-purity microalgae, yielding 4,500 litres and marking the start of series production. The raw material targets cosmetics, food, and pharmaceutical applications.
Why now? The company said the production platform, developed with the Technical University of Munich, has passed successful up-scaling. A first delivery to a leading German cosmetics manufacturer is planned within days, primarily for laboratory tests and validating active ingredients.
What's the endgame? Algene is positioning itself as an industrial platform for controlled microalgae production. It addresses markets spanning nutrition and food, cosmetics, life sciences, and aquaculture.
The signal: The European algae market is projected to grow to around €9 billion by 2030, according to the European CommissionDealroom has a profile for this one. Try Dealroom →, which considers algae a building block of the bioeconomy. "The market for microalgae is growing rapidly and offers enormous potential," said Ole Nixdorff, chief executive officer of DN Group, adding that the level of interest "underlines the high quality of the Algene material."
Read more: finanzen.ch
