MAGNIFICENT aims to expand the range of commercial algae products and their market volume significantly in a sustainable way. For this, various steps in the cultivation process are optimised by selecting better, novel algae strains which in turn, lowers the production costs and creates new business oportunities for a wider range of products. The general aim is to turn microalgae biomass into valuable ingredients for food, aquafeed and cosmetics applications.

Poroject Lead: Wageningen Universiteit

Region: Europe

Country: Netherlands

City/Town: Wageningen

Timeline Start - End: 2017-01-06 - 31/11/2021

Project Status: Ongoing

Project Budget: 5685015.41 €

Funding source: 94% H2020

Website: https://magnificent-algae.eu/

Activities:

- Techno-economic analysis

- Social impact assessment

- Life cycle assessment (LCA)

- Impact assessment

- CCU

CO2 Source: Flue gas (not specified)

CCU Tecnology Category: Utilization

Info On Utilization:

- Biological conversion

End TRL: 6

CO2 capture/Utilization:

Production Volume:

Product Categories:

- Food/Feed

- Consumer goods

- Biomass

Specific Product(s): EPA, DHA, fucoxanthin as main molecules ect.