Skip to content
Llamar.ai
Menu
Back to recent public pages

Public page

Algae supplement firm gets £2.5m boost for Grangemouth plant

Source

www.bbc.co.uk

Published Source updated (as of )

Added to Llamar Summary updated

Open the original source (opens in a new tab)
An artist's impression of the new MiAlgae site at Grangemouth.

Understand

Algae supplement firm MiAlgae secures £2.5m for Grangemouth plant

Overview

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.

Key points

  • 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.
Report this page