Verstehen
Algae supplement firm MiAlgae secures £2.5m for Grangemouth plant
Überblick
Biotech company MiAlgae has received £2.5m from the Scottish National Investment Bank to scale up manufacturing at its new commercial-scale facility in Grangemouth. The Edinburgh-based firm, which uses whisky industry by-products to produce omega-3 microalgae supplements, plans to increase its workforce from 60 to 156 by the end of 2028.
Wichtige Punkte
- MiAlgae received £2.5m in funding from the Scottish National Investment Bank.
- The funding will boost manufacturing at the firm's new facility at Grangemouth.
- The company plans to more than double its workforce from 60 to 156 employees by the end of 2028.
- MiAlgae grows omega-3-rich microalgae using by-products from the whisky production process to create fish-free supplements.
- The Scottish National Investment Bank stated the investment supports innovation, net zero, and thriving local communities.