Microalgae Aqualgae II
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Microalgae Aqualgae II

Microfactories to produce microalgae.
Investment overview
Impact category
Blue economy
Investment type
Loan
Yearly interest
4.5
%
Term
36
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
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D
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Description
Impact
Financial viability
Promoter

What will you be financing?

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.

After the first campaign in which the promoter raised 60.000€ to manufacture tubular borosilicate glass photobioreactors, the funds raised through this campaign will be used to develop the prototype of the first modular micro-algae micro-factory in reused containers.

A mini-factory consists of a second-hand reused shipping container with photovoltaic plates on the roof for self-consumption of electricity, two photobioreactors for microalgae production, materials, and equipment needed to produce the microalgae, and remote communication technology to offer customer support.

The widespread uncertainty felt in logistics chains worldwide, and the most recent episodes that compromise geographic mobility, make it mandatory to find solutions that expedite the shipment of equipment and machines, that can be used as plug-and-play solutions, without the need for final installation or on-site demonstrations of operation. These types of equipment should be installed and activated by the end user and operated remotely if necessary. Use, maintenance, and repair should be available through hands-on instructions or remote support.

Microalgae are a sustainable source of proteins and PUFA fat acids, essential for the aquaculture industry, and increasingly used in food and feed, agriculture, cosmetics, and other applications.

This is why Aqualgae intends to develop modular plug-and-play solutions with state-of-the-art technology to be connected with the customer, provide remote assistance and help remotely anywhere in the world. The micro-factory will be partially automated, will have a gateway to access real-time data in the cloud, and will feature a remote assistance and management platform, records, and operational intelligence.

The construction of this prototype will last about 6 months, and operational testing will last at least another 6 months. The first sales are expected after its construction and validation, through dissemination on social networks, trade shows, and on the company's website.

What is the impact?

Direct: 

  • Reutilization of shipping containers: shipping containers that are no longer of use in transportation can be reused through small repairs. Aqualgae will reuse one second-hand shipping container for the prototype of the first modular microalgae microfactory. 
  • Decarbonization of the economy, by avoiding the emission of CO2: the micro-factory will be powered with photovoltaic energy. Solar panels will be installed on an area of approximately 12 x 2,4 m (28,8m2) with a capacity to generate up to 2kWh, enough for the micro-factory's self-consumption, covering the total energy consumed by the LED lighting and temperature control systems integrated in the container.
  • Improved productivity through innovation and technological upgrading: compared to traditional methods of producing microalgae in 500L plastic bags or tanks, productivity improvements of at least 500% are expected with this method, with considerable reduction in manual labor demand.

Indirect:

  • CO2 absorption: microalgae are responsible for capturing CO2 - for every kg of biomass produced, at least 2 kg of CO2 are absorbed.
  • Jobs generation: after the first sales, the promoter can generate 1 or 2 jobs.


Impact indicators

0
CO2 avoided per year
2
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About
Aqualgae, Sociedade Limitada - Sucursal em Portugal

Direct: 

  • Reutilization of shipping containers: shipping containers that are no longer of use in transportation can be reused through small repairs. Aqualgae will reuse one second-hand shipping container for the prototype of the first modular microalgae microfactory. 
  • Decarbonization of the economy, by avoiding the emission of CO2: the micro-factory will be powered with photovoltaic energy. Solar panels will be installed on an area of approximately 12 x 2,4 m (28,8m2) with a capacity to generate up to 2kWh, enough for the micro-factory's self-consumption, covering the total energy consumed by the LED lighting and temperature control systems integrated in the container.
  • Improved productivity through innovation and technological upgrading: compared to traditional methods of producing microalgae in 500L plastic bags or tanks, productivity improvements of at least 500% are expected with this method, with considerable reduction in manual labor demand.

Indirect:

  • CO2 absorption: microalgae are responsible for capturing CO2 - for every kg of biomass produced, at least 2 kg of CO2 are absorbed.
  • Jobs generation: after the first sales, the promoter can generate 1 or 2 jobs.


Promoter website

https://aqualgae.com/

Team

[{"id":8,"promoter_id":199,"name":"Pedro Seixas","description":"PhD in Marine Biology and Aquaculture.","link":"","role":"Founder and director","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/62e/aa5/016/62eaa5016eff1611147923.jpg","avatar_id":63362},{"id":9,"promoter_id":199,"name":"Nuno Dolgner","description":"Master in Marine Biology, in Aqualgae Portugal he is responsible for the Aquaculture department.","link":"https://www.linkedin.com/in/nuno-dolgner-273654104/?originalSubdomain=pt","role":"Aquaculture Manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/62f/133/ac0/62f133ac06d1b281867828.jpg","avatar_id":63784},{"id":10,"promoter_id":199,"name":"Guilherme Fonseca","description":"Mechatronics Engineering, at Aqualgae Portugal he is responsible for the Engineering Departament","link":"https://www.linkedin.com/company/aqualgae/","role":"Engineering Manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/62f/134/aec/62f134aec2e0c953708636.jpg","avatar_id":63785}]

Business Model

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