Algene Holding SE, a subsidiary of DN Group AG (ISIN: DE000A3DW408), announced the successful first harvest of high-purity microalgae, marking a significant milestone in scaling its operations. The company reported a total yield of 4,500 liters of microalgae raw material, intended for quality-critical products in the cosmetics, food, and potentially pharmaceutical industries. The Algene platform, developed in collaboration with the Technical University of Munich, has completed up-scaling and will now commence series production.
Algene has already initiated extensive discussions with well-known cosmetics companies for the purchase of microalgae. The first delivery to a leading German cosmetics manufacturer is scheduled for the coming days, with the biomass primarily used for laboratory tests and active ingredient validation. This initial delivery underscores the market's interest in high-quality microalgae sources.
The microalgae market is experiencing dynamic growth. According to the EU Commission, the European market for algae as a strategic resource for food and bio-based raw materials is projected to reach around 9 billion euros by 2030. Algae are increasingly recognized as a key component of the bioeconomy. Within this rapidly expanding market, Algene Holding is positioning itself as an industrial platform for controlled microalgae production, targeting segments such as nutrition and food, cosmetics, life sciences, and aquaculture.
Ole Nixdorff, CEO of DN Group, stated: "For Algene, the start of series production is an important milestone. The market for microalgae is growing rapidly and offers enormous potential. The high level of interest underlines the high quality of the Algene material and the good market acceptance. As a shareholder in Algene, DN Group participates in this future market."
DN Group AG invests in impact companies with high growth opportunities in future industries, including AI, mobility, circular economy, food, health, and energy, and supports them in successful IPOs. The company is one of the leading providers of IPO and capital market transaction advice, connecting fast-growing ESG companies with international institutional investors. More information is available at www.dn-ag.com.
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