AWARD YEAR
2023
CATEGORY
Home
GOALS
Zero Hunger, Good Health & Well-being, Clean Water & Sanitation, Climate Action, Life Below Water
KEYWORDS
algae, clean biotech, circular economy, Micro-algae
COUNTRY
Finland
DESIGNED BY
Algonomi Oy
WEBSITE
https://www.algonomi.fi/
Algonomi
ALGONOMI focus on commercialising nature’s oldest and most potent organism: Algae.
How does it work?
ALGONOMI operates under the principles of a circular economy by using resources that otherwise would be discarded as waste or even considered harmful. The process concentrates on extracting CO2 from industrial processes and using that to grow micro-algae in steel tank fermenters that ensure contaminant-free and stable production. Once the biomass is collected, extracts are generated depending on the demand needed; those being fatty acids (omega-3), vitamins, proteins, antioxidants/pigments, and carbohydrates in most cases. These extracts are then delivered to ALGONOMI's clients for ingredients in different industries, such as cosmetics, food or garment.
Why is it needed?
Out of the hundreds of thousands of different strains of algae, only a tiny fraction is used commercially, and very few of their potential uses are exploited. Algae, at its core, is considered one of the oldest and the most potent organisms on earth -- it provides possibilities for turning the corner on human impact on the climate. As so, ALGONOMI focuses on producing various bioactive ingredients by cultivating microalgae biomass. More importantly, they generate CO2 from the atmosphere by extracting CO2 from a client's industrial process and using it for the cultivation process, and this way, avoiding going up into the sky.
How does it improve life?
"It has been estimated that the total number of microalgal species is more than 500,000, of which about 50,000 species are scientifically described. Moreover, around 10,000 novel compounds originating from microalgae have been chemically identified." Aside from taking advantage of the metabolic capabilities of microalgae, ALGONOMI also institutes a culture of metabolite production business-wise. Only a handful of microalgae strains are exploited commercially, allowing a chance for deep algae expertise. As a sales organization selling their output of algae biomass and other bioactive extracts to various industries (cosmetics, garment, and food industry), they serve as an example for companies to adopt a circular economy. The waste that otherwise would be discarded can become a valuable resource for balancing CO2 levels.