Powered by OpenAIRE graph
Found an issue? Give us feedback

Algiecel

Revolutionary microalgae photobioreactor (PBR) with modular scaling for Decarbonisation as-a-Service targeting small and mid-sized industrial CO2 emitters
Funder: European CommissionProject code: 101172663 Call for proposal: HORIZON-EIC-2024-ACCELERATOR-01
Funded under: HE | HORIZON-EIC-ACC Overall Budget: 2,500,000 EURFunder Contribution: 2,500,000 EUR

Algiecel

Description

Algiecel is at the forefront of combating climate change by innovating a groundbreaking technology, patent protected and driven by sustainability goals. Our mission is to achieve CO2 neutrality by annually removing millions of tons of CO2 from industrial production. The heart of our approach lies in a compact, modular, plug & play microalgae photobioreactor (PBR), strategically located near CO2 sources. Algiecel instals, owns, and operates the PBRs on-site to capture and transform CO2 emissions into valuable algae-based biomass and bio-oil products that are sold to off-take clients. The interaction with the partner owning the site and CO2 stream centres around the offtake agreement for the CO2. The PBR, housed in standard shipping containers, facilitates scalable and easy deployment with minimal technical expertise. The CO2 feedstock suppliers (e.g. biogas plants equipped with biogas upgrading units, delivering a concentrated and pure source of biogenic CO2) provide their emissions and receive reimbursement. The main revenue source is the sale of these sustainable products, either through one-time sales or long-term contracts with agreed-upon prices and volumes. Heightened societal awareness for environmental issues and increasing demand for carbon capture technology due to green transition policies positions Algiecel favourably, providing a timely and essential solution amidst a growing demand for carbon reduction solutions among small and mid-sized CO2 emitters. Algiecel’s transformative Decarbonisation as-a-Service concept not only efficiently eliminates CO2 emissions but also empowers businesses to turn regulatory challenges into strategic advantages. Our solution creates a sustainable financial model by generating revenue through valuable derivative products like oil for feed, food, and cosmetics, as well as biomass for feed or fertiliser. This provides economic incentives for clients, making the adoption of the technology an economically viable decision

Data Management Plans
Powered by OpenAIRE graph
Found an issue? Give us feedback

Do the share buttons not appear? Please make sure, any blocking addon is disabled, and then reload the page.

All Research products
arrow_drop_down
<script type="text/javascript">
<!--
document.write('<div id="oa_widget"></div>');
document.write('<script type="text/javascript" src="https://www.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=corda_____he::a461c95f3b6b43f83044e02ca570739a&type=result"></script>');
-->
</script>
For further information contact us at helpdesk@openaire.eu

No option selected
arrow_drop_down