Algae for a biomass applied to the production of added value compounds
Algae production is currently limited to a few small industries, mainly for the feed, nutrition and cosmetic sectors. This is ripe for expansion. However, creating an economically viable and sustainable method of growing large quantities of algae and converting them into commercial products that the markets accept remains a challenge.
The commercialisation of high value compounds sourced from microalgae could grow the existing industry considerably, while product innovation based on new molecular targets and biorefinery schemes could open new markets. The ABACUS project has been designed to synthesise a range of new molecules, in terpenoids family, from microalgae that will help bring competitive products to the market.
- Define market opportunities and product specifications for algae-derived products
- Select the specific algae needed to meet these product specifications.
- Optimise the production process and design tools and procedures for process management
- Demonstrate cost-in-use acceptance of algal fractions for targeted lead applications (fragrances; nutraceuticals) and side-product streams
- Fully assess the acceptability of algae-derived products and production processes using comprehensive Technical Economical and Life Cycle Analyses
- Valorise the research and disseminate the results from ABACUS
- From a technical perspective, ABACUS aims to
- Determine new processes for separating, purifying and extracting the compounds of interest at a yield and cost that makes scaling up of the process cost-effective.
- Achieve improved yield per mass unit biomass-input, or improved cost effectiveness as compared to current routes towards the same or comparable products.
- Ensure that new products meet the safety, quality and purity requirements of EU legislation to ease future market access and commercialisation.
- In addition, ABACUS will enhance innovation capacity by connecting algae-producing companies with larger enterprises in the flavour and perfume sectors, which seek new natural, bio-based sources.
- Because it is a rapid- growth organism, which doubles its biomass daily, algae offer a highly effective source of protein in comparison to terrestrial plants – even more than soy. At the same time, it can absorb CO2, offsetting its impact on climate change.
- It will also create jobs, by opening new pathways for several highly competitive but fast growing profitable sectors, namely nutraceuticals, cosmetics and specialty products for the fragrance industry.