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ALGIECEL, A CARBON CAPTURE AS A SERVICE COMPANY, RAISES DKK 10m (EUR 1.3m) IN SEED FUNDING

ALGIECEL, A CARBON CAPTURE AS A SERVICE COMPANY, RAISES DKK 10m (EUR 1.3m) IN SEED FUNDING

ALGIECEL raises DKK 10m (EUR 1.3m) in combined funding from Denmark’s Export and Investment Fund[1], a UK-based family fund and private individuals. ALGIECEL’s technology is linking CO2 utilization to the feed and food industry. After having successfully initiated operations of its pilot plant in 2022, ALGIECEL will allocate the new funds towards optimization of the algae-based carbon capture and utilization (CCU) technology, creating further...

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ALGIECEL, a carbon capture as a service company, receives funding

ALGIECEL, a carbon capture as a service company, receives funding

ALGIECEL receives funding from the BioInnovation Institute (BII) and will use the funds for the construction and testing of a novel mobile container-based photobioreactor utilizing algae to sequester CO2 emissions from industrial processes. The CO2 will be turned into highly valuable commodity products such as omega-3 oils and protein and omega-3-rich biomass to be used in food and feed products. Copenhagen & Odense, 16 March 2022 ALGIECEL...

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