The company has appointed Investec to explore options to accelerate the growth of its Novacq feed ingredient, which has been shown to increase prawn biomass andis also entering into an agreement with Tasmanian salmon producer to conduct two salmon feed trials.
MiAlgae announced that it has received £500,000 from investors to expand its team and build a pilot plant for its technology at a whisky distillery. The company grows algae rich in omega-3 and other nutrients using co-products from the whisky distillation process. The microalgae produced can be used as a raw material for agricultural food products, with the company initially targeting the aquaculture industry.