Projects

Microalgae Aqualgae

100% Confirmed Amount = € 60.000,00
Reserved Amount = € 0,00
€ 60.000,00
100% Funded
3 yr

term

4.5%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

14. Life Below Water

SDG 14. Life Below Water

Sustainable photobioreactor to produce marine microalgae.

Impact

Direct Environmental Impact (the project's): 

  • Contribution to plastic consumption reduction: traditional microalgae production systems are made up of plastic bags, with an average useful life of one month, which go to waste after this period of use and are not 100% recyclable. In turn, the photobioreactors currently used are made up of components such as metal and thermoplastic polymers that can represent up to 70% of their total weight. Although they have a longer service life, the change to the new borosilicate glass material will allow 95% of plastic materials to be eliminated.

  • Promotion of recycling: in addition to having much greater durability (on average 50 years compared to the average useful life of 15 years for polymers), glass is 100% recyclable and inert to nature.

  • Productivity improvement: compared to traditional methods of producing microalgae in plastic bags, productivity improvements of at least 400% are expected. In relation to methacrylate photobioreactors, the increase in productivity can reach 15%.

Indirect environmental impact (the company's):

  • CO2 absorption: microalgae are responsible for capturing CO2 - for every kg of biomass produced, at least 2 kg of CO2 are absorbed.

Project Information

With Portuguese DNA, Aqualgae is headquartered in Coruña (Spain) and has a manufacturing center in Viana do Castelo (Portugal).

The company is mainly dedicated to the design and manufacture of photobioreactors for the production of microalgae, and the supply of services in essential areas of aquaculture, such as the automation of processes and systems, the installation of equipment and sensors, and the development of platforms monitoring and control.

With a philosophy based on constant improvement and development of more sustainable and efficient solutions, Aqualgae is currently working on the development of an automated tubular photobioreactor to produce marine microalgae, using 100% recyclable materials that will reduce the use of thermoplastic polymers to less than 5%. Now, this equipment is composed mostly of methacrylate (PMMA), a thermoplastic polymer with an average lifetime of about 15 years, which releases toxic compounds if burned and that is difficult to recycle.

The methacrylate will be replaced by borosilicate glass, a 100% recyclable material, with an average lifetime of 50 years, inert in nature, and with better physical characteristics to be used in the production of microalgae.

The funds raised through this campaign will be used to manufacture two photobioreactors within 6 months and represent 80% of the project's global investment. The remaining amount will be invested by the company. First sales are expected later this year.

Financial Viability

The project promoter already has two customers interested in the equipment, one in Portugal and the other in Spain. In addition to the positive environmental impact, the new equipment will allow for an increase in productivity and greater energy efficiency. For the customers using traditional production systems, the increase in productivity can be up to 10 times. These two clients already correspond to a turnover that is sufficient to justify the global investment, with a return on investment of three years.

100% Funded
3 yr

term

4.5%

a year

6 mth

grace period

monthly

instalment

B-

rating

blue_economy

Blue economy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

14. Life Below Water

SDG 14. Life Below Water

Sustainable photobioreactor to produce marine microalgae.

100% Confirmed Amount = € 60.000,00
Reserved Amount = € 0,00
€ 60.000,00

Impact

Direct Environmental Impact (the project's): 

  • Contribution to plastic consumption reduction: traditional microalgae production systems are made up of plastic bags, with an average useful life of one month, which go to waste after this period of use and are not 100% recyclable. In turn, the photobioreactors currently used are made up of components such as metal and thermoplastic polymers that can represent up to 70% of their total weight. Although they have a longer service life, the change to the new borosilicate glass material will allow 95% of plastic materials to be eliminated.

  • Promotion of recycling: in addition to having much greater durability (on average 50 years compared to the average useful life of 15 years for polymers), glass is 100% recyclable and inert to nature.

  • Productivity improvement: compared to traditional methods of producing microalgae in plastic bags, productivity improvements of at least 400% are expected. In relation to methacrylate photobioreactors, the increase in productivity can reach 15%.

Indirect environmental impact (the company's):

  • CO2 absorption: microalgae are responsible for capturing CO2 - for every kg of biomass produced, at least 2 kg of CO2 are absorbed.

Project Information

With Portuguese DNA, Aqualgae is headquartered in Coruña (Spain) and has a manufacturing center in Viana do Castelo (Portugal).

The company is mainly dedicated to the design and manufacture of photobioreactors for the production of microalgae, and the supply of services in essential areas of aquaculture, such as the automation of processes and systems, the installation of equipment and sensors, and the development of platforms monitoring and control.

With a philosophy based on constant improvement and development of more sustainable and efficient solutions, Aqualgae is currently working on the development of an automated tubular photobioreactor to produce marine microalgae, using 100% recyclable materials that will reduce the use of thermoplastic polymers to less than 5%. Now, this equipment is composed mostly of methacrylate (PMMA), a thermoplastic polymer with an average lifetime of about 15 years, which releases toxic compounds if burned and that is difficult to recycle.

The methacrylate will be replaced by borosilicate glass, a 100% recyclable material, with an average lifetime of 50 years, inert in nature, and with better physical characteristics to be used in the production of microalgae.

The funds raised through this campaign will be used to manufacture two photobioreactors within 6 months and represent 80% of the project's global investment. The remaining amount will be invested by the company. First sales are expected later this year.

Financial Viability

The project promoter already has two customers interested in the equipment, one in Portugal and the other in Spain. In addition to the positive environmental impact, the new equipment will allow for an increase in productivity and greater energy efficiency. For the customers using traditional production systems, the increase in productivity can be up to 10 times. These two clients already correspond to a turnover that is sufficient to justify the global investment, with a return on investment of three years.

Aqualgae, S. Lda - Sucursal em Portugal

Microalgae, aquaculture and engineering.

Active since
2015
Fiscal Country
Portugal
Operating in
Europe
Industry
Aquaculture
GoParity Loans
1
About Aqualgae, S. Lda - Sucursal em Portugal

Aqualgae is a microalgae engineering and biotechnology company based in Coruña (Spain) with a manufacturing center in Viana do Castelo, in the North of Portugal.

In the beginning, the company was dedicated to the construction of photobioreactors for the optimized production of microalgae, which are the primary food of bivalves such as clams, oysters, scallops, shellfish, and larval states of sea urchins, limpets, and shrimp. They are also used in the production of live food for fish larvae such as sea bass, bream or turbot. Microalgae are the primary source of PUFA Ω3 fatty acids and proteins.

With 10 years of experience in the aquaculture and microalgae sector, Aqualgae's mission is now to innovate and improve the efficiency of the aquaculture industry, namely microalgae production systems, in implementing automation solutions, increasing competitiveness and productivity, thus improving environmental sustainability.

The company is composed of a multidisciplinary team of 5 highly qualified professionals in areas ranging from mechanical engineering to biology and biotechnology and focuses its activity on the implementation of systems for aquaculture and microalgae, automation solutions, and the development of monitoring and control platforms.

Aware of the importance of being at the forefront of scientific knowledge, the company is in constant collaboration with renowned European research groups.

The Business Model

Currently, there is only one company worldwide that manufactures borosilicate glass tubes, wich is located in Germany and has a monopoly on supply. Aqualgae decided to make the investment at this stage because it has clients in its portfolio with sufficient business volume to introduce this material, which will enable the promoter to launch this new photobioreactor and keep stock of the manufacturing components. In addition, Aqualgae is one of the few companies in the European Union specialized in the manufacture of photobioreactors for the production of marine microalgae.

Customers will be given the possibility to purchase the equipment or opt for the use-of-use method (renting).

In addition to the production of photobioerratores, the company provides services in essential areas of aquaculture, such as the automation of processes and systems, the installation of equipment and sensors and the development of monitoring and control platforms.

Track Record

Aqualgae was founded by Pedro Seixas, who is also its current owner and manager. Pedro has almost 20 years of experience working in the aquaculture industry, having made a PhD in Biology, specialized in Aquaculture, at the Universidade de Santiago de Compostela, in 2009.

In 2011, Pedro founded Aqualgae in Spain as a company specialized in the design and manufacture of photobioreactors for the optimized production of microalgae for aquaculture.

The company has four Portuguese partners, Pedro being the President.

Over the past 5 years, Aqualgae has also focused on the development of engineering products and services for other essential areas of aquaculture, such as the automation of processes and systems, installations of equipment and sensors (filtration, pumps, UV, sensors), and the development of monitoring and control platforms.

At the moment, it is currently developing a project to improve the sustainability of the photobioreactors he produces.

Promoter Rating: B-

Guarantees

Pledge of the equipment.

Aqualgae, S. Lda - Sucursal em Portugal

Microalgae, aquaculture and engineering.

Active since
2015
Fiscal Country
Portugal
Operating in
Europe
Industry
Aquaculture
GoParity Loans
1
About Aqualgae, S. Lda - Sucursal em Portugal

Aqualgae is a microalgae engineering and biotechnology company based in Coruña (Spain) with a manufacturing center in Viana do Castelo, in the North of Portugal.

In the beginning, the company was dedicated to the construction of photobioreactors for the optimized production of microalgae, which are the primary food of bivalves such as clams, oysters, scallops, shellfish, and larval states of sea urchins, limpets, and shrimp. They are also used in the production of live food for fish larvae such as sea bass, bream or turbot. Microalgae are the primary source of PUFA Ω3 fatty acids and proteins.

With 10 years of experience in the aquaculture and microalgae sector, Aqualgae's mission is now to innovate and improve the efficiency of the aquaculture industry, namely microalgae production systems, in implementing automation solutions, increasing competitiveness and productivity, thus improving environmental sustainability.

The company is composed of a multidisciplinary team of 5 highly qualified professionals in areas ranging from mechanical engineering to biology and biotechnology and focuses its activity on the implementation of systems for aquaculture and microalgae, automation solutions, and the development of monitoring and control platforms.

Aware of the importance of being at the forefront of scientific knowledge, the company is in constant collaboration with renowned European research groups.

The Business Model

Currently, there is only one company worldwide that manufactures borosilicate glass tubes, wich is located in Germany and has a monopoly on supply. Aqualgae decided to make the investment at this stage because it has clients in its portfolio with sufficient business volume to introduce this material, which will enable the promoter to launch this new photobioreactor and keep stock of the manufacturing components. In addition, Aqualgae is one of the few companies in the European Union specialized in the manufacture of photobioreactors for the production of marine microalgae.

Customers will be given the possibility to purchase the equipment or opt for the use-of-use method (renting).

In addition to the production of photobioerratores, the company provides services in essential areas of aquaculture, such as the automation of processes and systems, the installation of equipment and sensors and the development of monitoring and control platforms.

Track Record

Aqualgae was founded by Pedro Seixas, who is also its current owner and manager. Pedro has almost 20 years of experience working in the aquaculture industry, having made a PhD in Biology, specialized in Aquaculture, at the Universidade de Santiago de Compostela, in 2009.

In 2011, Pedro founded Aqualgae in Spain as a company specialized in the design and manufacture of photobioreactors for the optimized production of microalgae for aquaculture.

The company has four Portuguese partners, Pedro being the President.

Over the past 5 years, Aqualgae has also focused on the development of engineering products and services for other essential areas of aquaculture, such as the automation of processes and systems, installations of equipment and sensors (filtration, pumps, UV, sensors), and the development of monitoring and control platforms.

At the moment, it is currently developing a project to improve the sustainability of the photobioreactors he produces.

Promoter Rating: B-

Guarantees

Pledge of the equipment.

Payments Status: On time

2021-02-22

100% funded

396 investors successfully raised 60.000€

2021-02-09

Open for investment

This campaign is open for investment

Payments Status: On time

2021-02-22

100% funded

396 investors successfully raised 60.000€

2021-02-09

Open for investment

This campaign is open for investment