Algalif receives investment and expands

Published: 8-May-2019

Accomplishments enable increased downstream capacity and production method research

Algalif, Icelandic producer of natural astaxanthin from microalgae, has marked many big changes. The company has received new funding, and announced an expansion of its manufacturing capabilities with the addition of a spray dryer, in order to increase downstream capacity and facilitate the development of new algae ingredients and novel product formats.

The upgrades to its facilities and installation of new spray-drying equipment immediately enable Algalif to supply whole-algae biomass ingredients. The process improvements also help ensure that the quality, stability and efficacy of the astaxanthin is well maintained over time.

Through its facility expansion, Algalif continues progress algae innovation and research. The company also recently received grants from The Icelandic Centre for Research’s Technology Development Fund and the European Union’s SME Instrument program to help further its ongoing, advanced research on leading-edge algae forms, production methods and applications.

Orri Björnsson, CEO of Algalif, said: “These investments and expanded manufacturing capabilities reflect Algalif’s ongoing commitment to quality development and process improvement, and its innovation in delivering a wide range of quality algae ingredients.”

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