Alginor ASA

Alginor ASA announces successful private placement raising gross proceeds of NOK 400 million We are pleased to announce that a private placement has been conducted towards new and existing shareholders raising approximately NOK 400 million at a subscription price of NOK 36.00 per share. Alginor ASA will publish a national prospectus during next week and intends to carry out a subsequent public offering for new and existing shareholders. More information will follow.

[Meeting 🎙] 👉 The CIRCALGAE project partners met for their 4th general meeting on 30 and 31 May. The first day was devoted to a presentation of the project's progress for the work package managers 👥 ➡ On the second day, the group took the boat for a trip of over 4 hours to Hagesund to see the Alginor ASA pilot plant. The trip was an opportunity to work in working groups to discuss the progress of the work in more detail and agree on practical aspects for the next stages ⛴ The meeting was very intensive, but as always, it was conducted in an efficient, friendly and friendly manner! Thank you Alginor ASA for organising this trip ☺ #Project #Meeting #Algae #Partners #Norway

The latest news from Alginor’s research department is this newly published research paper💡 Alginor in collaboration with the University of Bergen had a closer look into brown seaweed’s epiphytes and potentially valuable compounds therein. This paper examines the composition of epiphytes on Laminaria hyperborea and investigates potential of side streams from the kelp biorefinery. Paper content in short: Epiphyte species identified Extracts tested for antifungal, antibacterial, and cytotoxic properties Further purification of crude extracts targeting polyphenolic compounds and carotenoids Read the details and research results at the link! https://lnkd.in/e7RP37jA #alginor #research #norway #norge #laminaria #algae #seaweed

Hypomar Ocean 1 Takes to the Seas! 🚢 Alginor`s very first commercial harvester, Hypomar Ocean 1, delivered from Fitjar Mekaniske Verksted AS arrived on May 2, 2024. This marks a significant milestone in our history and development! First sea trials has been conducted and in the coming weeks there will more testing of equipment and on-board processes, providing live training for our personnel, and making necessary calibrations and adjustments to the vessel’s operating systems. With Hypomar Ocean 1, we are well-positioned to accelerate development across our portfolio by ensuring regular supplies of large raw material volumes to our pilot facility. This is crucial for our ongoing projects and enhances our ability to offer samples at scale to our customers. A prime example is the recently awarded PROTEUS project, about which we will share more information soon. This achievement would not have been possible without our trusted partners, who have exceeded our expectations. We extend our heartfelt thanks to Fitjar Mekaniske Verksted AS for their exceptional craftsmanship and dedication. We look forward to continuing our successful collaboration in the years to come. Thank you to everyone who has contributed to this project’s success! #HypomarOcean1 #hypomar #algae #seaweed #Alginor #Sustainability #FitjarMekaniskeVerksted #PROTEUSProject #proteus #norway #norge

PROTEUS project officially launched - kick-off in Oslo At the PROTEUS kick-off meeting in Oslo, held on May 14-15, the project was officially launched. Around 30 participants from the 11 international project partners gathered in person for the first time. The consortium, coordinated by Alginor ASA, includes Alginor Biorefinery, Hypomar AS, Borregaard, Vaess, Olmix Group, Essity, NORSUS , Institute of Marine Research (IMR), Norway, Steinbeis Europa Zentrum and CLIC Innovation Oy. The consortium sets new standards for harvesting, biorefining, and applications of brown seaweeds in food, feed, personal care and bio-based industrial markets. The gathering at the kick-off was an excellent opportunity to build stronger connections and dive deep into the details of our collaboration and project objectives. During the meeting, Circular Bio-based Europe Joint Undertaking (CBE JU) project officer Monica Padella praised the PROTEUS project, stating that it will contribute to accelerating the market deployment of innovative bio-based solutions using sustainable aquatic biomass as feedstock and unlocking the potential of the EU’s blue economy by building a first-of-its-kind biorefinery (The official consortium press release can be found here https://lnkd.in/e52N6ZcC). We look forward to a productive collaboration and the opportunity to make a meaningful impact together. Thank you all partners and supporters for your dedication and support! #norge #norway #oslo #proteus #alginor #algae #seaweeds #marine #eu #cbeju #hypomar #borregaard #vaess #olmixgroup #essity #norsus #imr

Alginor ASA is coordinator and co-beneficiary of the EUR 14.4 Million PROTEUS Flagship Project - to establish the world's first industrial-scale biorefinery for brown seaweeds The project aims to establish the world's first industrial-scale biorefinery for brown seaweed. This EU Flagship biorefinery, located in Avaldsnes, Norway, will enhance the sustainable production of bio-based ingredients from Laminaria hyperborea, an untapped European renewable resource, to meet global demand in the food, feed, personal care, and industrial sectors. The PROTEUS project consortium, coordinated by Alginor ASA and co-funded by the Circular Bio-Based Europe Joint Undertaking (CBE JU), includes 11 international partners. With a €14.4 million budget over four years, including a €9.6 million grant from the CBE JU, PROTEUS plans significant expansion of current pilot activities. The new biorefinery will employ innovative technology to avoid harmful chemicals like formaldehyde, ensuring efficient water and energy use. It aims to annually convert over 35,000 tonnes of brown seaweeds into high-value ingredients. The project includes plans to replicate biorefineries for additional macroalgae biomass and species in the future.

Now it is official... 4 new Flagships and one of them to be established in Norway.

Vi søker flere dyktige medarbeidere! 📢 https://lnkd.in/ek-habuE

Alginor named as EU Blue Champion On Monday 13 May, Alginor was proclaimed as an EU Blue Champion by the European Commission (EC) and the European Investment Bank (EIB). Alginor attended the ceremony in Luxembourg along with 19 other awardees involved in tidal and wind, robotics, and of course, kelp biorefining. The award follows a proposal that was submitted to the EU during 2023. In total, the EU received 70 proposals and evaluated a further 500 companies. After rigorous evaluation, Alginor was deemed to 1.      align with the EU Mission Ocean “Restore our Ocean and Waters”; 2.      be likely to turn a profit; 3.      satisfy high quality standards; and 4.      be mature and display the correct type of technology. As an EU Blue Champion, Alginor will receive advisory support from the European Investment Bank Advisory Services and the European Investment Bank Projects Directorate for Innovation and Competitiveness. Alginor is proud of this award and feels incredibly honoured. Thank you very much for this honour and for the support in creating a greener future.

Today marks the celebration of Norwegian Constitution Day, a momentous occasion inviting us to contemplate the cherished principles of liberty, democracy, and solidarity upheld by Norway. To our Norwegian compatriots, whether close by or afar, we send heartfelt wishes for a splendid and joy-filled day. 🍾