Australian biotechnology company Provectus Algae will be expanding into a large-scale production facility to complement the existing operations they have today. This new factory will be up and running by the end of the year in Noosaville, Australia.
Boasting of a 200,000-litre production capacity, this plant will be responsible for the biomanufacturing of high-value compounds that utilise microalgae. It will be covering end-to-end services, from R&D to large-scale production.
Among the projects slated for this facility is the production of high-performance food colouring and testing of other high-value items.
“This is just the tip of the iceberg for Provectus Algae. The stage of development we are now at with our production platform gives us a clear line of sight to deliver some really exciting products to the food and beverage marketplace,” said Nusqe Spanton, Founder and CEO of Provectus Algae. “What we are able to achieve for our commercial partners is simply not comparable to any other offering in the marketplace. Thanks to algae, we are able to benefit from a 3.5-billion-year head start in producing some of the world’s most coveted ingredients.”
Provectus Algae processes algae to become specialty ingredients. This is done through “precision photosynthesis” that yields a range of natural products.