AlgaeProBANOS

Problem statement

Accelerating algae product development for a more sustainable future

Executive summary

The AlgaeProBANOS(Accelerating algae product development in the Baltic and North Sea) project has been created to fully valorize algae biomass, with a mission to accelerate the development of sustainable and innovative algae-based products in the Baltic and North Sea, to make the EU a world-leader in algae product development, and to support coastal societies and local economies.

Value chain description

The AlgaeProBANOS(Accelerating algae product development in the Baltic and North Sea) project has been created to fully valorize algae biomass, with a mission to accelerate the development of sustainable and innovative algae-based products in the Baltic and North Sea, to make the EU a world-leader in algae product development, and to support coastal societies and local economies.

Market deployment considerations

The Nutraceuticals Market size is estimated at USD 488.41 billion in 2024, and is expected to reach USD 626.02 billion by 2029, growing at a CAGR of 5.09% during the forecast period (2024-2029)

Environmental considerations

CO2 sequestration, climate change mitigation

Social Considerations

Creating secondary source of income for farmers and microalgae cultivators

Stakeholders Involved

Biomass suppliers, Technology providers, End users (nutraceutical and biofuel market)

Feedstock used

Microalgae

TRL

5

Value Chain name

AlgaeProBanos

Type of process

Extraction

Technology output

Thickening agents and stabilisers, protein, omega 3 rich products

Processing capacity point of view (annual feedstock requirement)

NA

Country

Germany

Year

2023