Algene Holding SE, a subsidiary of DN Group AG (ISIN: DE000A3DW408), announced the successful first harvest of high-purity microalgae, achieving a total yield of 4,500 liters. This milestone marks the beginning of series production for the company, which aims to supply the cosmetics, food, and pharmaceutical industries with quality-critical raw materials. The Algene platform, developed in collaboration with the Technical University of Munich, has now transitioned from up-scaling to commercial production.
The initial harvest is slated for delivery to a leading German cosmetics manufacturer in the coming days. The biomass will primarily be used for laboratory tests and validation of active ingredients, signaling strong market interest. Algene has already engaged in extensive discussions with several well-known cosmetics companies, indicating robust demand for its high-purity microalgae.
The microalgae market is experiencing dynamic growth. According to the European Commission, the market in Europe alone is projected to reach approximately 9 billion euros by 2030. Algae are recognized as a critical resource for the bioeconomy, with applications in food, cosmetics, life sciences, and aquaculture. Algene Holding is positioning itself as an industrial platform for controlled microalgae production to capitalize on this expanding market.
Ole Nixdorff, CEO of DN Group, commented: "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 focuses on investing in impact companies with high growth opportunities in future industries such as AI, mobility, circular economy, food, health, and energy. The company provides IPO and capital market transaction advice, connecting fast-growing ESG companies with international institutional investors. For more information, visit DN Group AG.
The original press release is available on NewMediaWire.
