MiAlgae has appointed Simon Durrant as chief financial officer (CFO) as it prepares for significant expansion. MiAlgae’s circular technology repurposes byproducts from whisky production to grow microalgae naturally rich in omega-3s.

Simon joins the company at a pivotal time, with plans underway to launch an industrial-scale production facility in Scotland later this year that is estimated to create up to 100 green jobs, marking a major step forward in MiAlgae’s commercial journey and reinforcing its position as a leader in sustainable biotech.

Formerly investment director at the University of Edinburgh’s Old College Capital (OCC), Simon brings over a decade of financial experience in high-growth and sustainability-focused businesses. He is a chartered accountant with a BA in Economics from the University of Cambridge and his background spans strategic consultancy, accountancy, and early-stage investment, making him ideally placed to help deliver MiAlgae’s next phase of expansion.

Last year, MiAlgae reached commercial-scale production at its Scottish demonstrator site and was shortlisted for The Earthshot Prize for its breakthrough circular solution that offers a cost-effective alternative to fish-based oils.

Douglas Martin, CEO of MiAlgae, said that “Simon’s strategic mindset and deep financial expertise will be invaluable as we scale our operations, expand internationally, and reinforce our role as a global leader in sustainable biotechnology.”

Simon Durrant, CFO of MiAlgae, added that “MiAlgae’s vision for sustainability and what the team has already achieved is inspiring. It’s rare to find a solution that is so compelling from both an environmental and economic perspective, so I couldn’t resist the opportunity to join at such a critical and exciting stage of the journey. I look forward to overseeing the finance function and supporting the business as we drive growth.”