A science company focused on using algae to meet the growing demand for health-promoting ingredients, has expanded into a new science production facility at Discovery Park.
AlgaeCytes has developed a process that captures the properties of algae to produce high value ingredients for the health and personal care markets and intends to use its new space to scale up production to meet demand.
The opening of this new facility is the first stage of a multi-million-pound investment by the owners of Discovery Park that will eventually add 50,000 sq ft of new laboratory space and a 60,000 ft expansion of the site’s office capacity.
Naz Bashir, Chief Executive, AlgaeCytes, said: “The opening of this new facility marks an exciting stage for AlgaeCytes that we believe will unlock the full potential of algae in the nutritional and health care markets.
“Our aim is not only to produce a more sustainable source of Omega-3 oils but to create ingredients that amaze; ingredients that will be used in beauty products that can improve skin health.
On the importance of Discovery Park to the company’s future, Naz added: “We are delighted to grow our footprint at Discovery Park and we look forward to continuing our expansion plans.
“We have found the site’s environment and facilities perfect for carrying out our research to date and are very much looking forward to this next phase of our development.”
Toby Hunter, Chief Executive, Discovery Park, said: “This is great news for Discovery Park and we wish AlgaeCytes every success as they enter this exciting stage in their development.
“The company’s expansion is a perfect example of the potential for science on this iconic site. We are looking forward to being able to announce further exciting news over the coming months, as we continue our multi-million-pound investment programme.”
AlgaeCytes produces high quality Omega-3 oils EPA as well as protein and carbohydrates from algae.
Traditional marine-sources of Omega oils are putting pressure on global fish stocks and thus becoming recognised as unsustainable. Omega 3 oils from non-marine sources are attracting significant interest in the personal care and health care markets.
Photo shows (Left to right)
Naz Bashir - CEO of Algaecytes, Chris Every - Non-Executive Chairman of Algaecytes, Cllr Mark Dance – Cabinet Member for Economic Development at KCC,Toby Hunter – Chief Executive of Discovery Park.