CEO and founder of Algiecel Henrik Busch-Larsen
Algiecel and its project partners have received funding of DKK 18m (£2.4m) from Denmark’s Energy Technology Development and Demonstration Programme (EUDP) for a power- and microalgae-based decarbonization project. Algiecel’s EUDP application just approved includes project partners Novozymes, DTU Chemical Engineering, Knowledge Hub Zealand, and Power to Climate Change.
The purpose of this EUDP project is to demonstrate that even relatively small amounts of CO₂ from industrial sites can feasibly be converted to and utilized as valuable downstream B2B bio-based products. In this case CO₂ from Novozymes will be collected and applied in the Algiecel photobioreactor (PBR), and once the algae-based biomass is harvested, it will be demonstrated that water and nutrients can be reused, and the biomass can be sent off for further processing. Knowledge Hub Zealand will manage the project, and the Technical University of Denmark will document the techno-economic part of the technology.
Algiecel’s solution with this project is to target small and mid-sized industries considered too small for large Power-to-X (P2X) projects. The utilization of CO₂ is intended to take place efficiently via photosynthesizing microalgae, while generating biomass and bio-oil towards industries such as cosmetics, food, aquaculture feed, biofertilizer and bioplastics.
Once finalized, the project intends to demonstrate how future biogas and fermentation clients of the Algiecel carbon utilization as a service technology can valorize their CO₂ emissions to the benefit of everybody in the value chain.
“Receiving such a significant grant from EUDP and having such well-renowned partners included in the project is a very important stamp of approval for our technology and business offering,” said CEO and founder of Algiecel Henrik Busch-Larsen. “We would like to become known for our ability to apply BioSolutions to deliver decarbonization and microalgae-based sustainable low-carbon, low-footprint products to the market.”
Every year, the Energy Technology Development and Demonstration Programme funds work by enterprises and universities on demonstration of new green energy-related technologies. Since its establishment in 2007 EUDP has supported more than 1,200 innovative projects with about DKK 6.2 billion in financing.
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