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Halldorsson Svavar

Apr 24
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A truly international hub of knowledge.

By News

Construction on Algalif´s 12.500 m² sustainable Natural Astaxanthin production facilities in Iceland are going as planned. The company started its 30 million US$ expansion in the summer of 2021 and the plant will be fully operational by the end of 2023.  

Algalif´s current production capability is 1.500 kg of pure Natural Astaxanthin annually. After the expansion, the yearly production will be 5.000 kg of pure astaxanthin. Thereby, Algalif will be the world’s biggest producer of Natural Astaxanthin from microalgae. The company only uses green geothermal energy and pristine natural Icelandic water.  

The new plant will also make Algalif the most sustainable, and most technically advanced Natural Astaxanthin producer in the world. This is in accordance with Algalif´s goals to be a leader in sustainability and quality in the microalgae business, as well as a reliable supplier of Natural Astaxanthin at a competitive price.

Algalif will be the world's biggest producer of natural astaxanthin when its new production plant in Iceland will be operational by the end of 2023.

Algalif will be the world’s biggest producer of natural astaxanthin when its new production plant in Iceland will be operational by the end of 2023.  

Apr 14
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From Bloodletting to Biotech: A Brief History of GMPs in Medicine

By The Algalif Blog

We at Algalíf Iceland ehf. are a biotechnology company that specializes in the production of natural astaxanthin from the algae Hematococcus pluvialis.  We pride ourselves on providing reliable service and high-quality products to our customers through a sustainable business plan.

But what does quality look like at Algalíf? We chose to comply with GMPs, „Good Manufacturing Practices“, as this system is a key factor in medicinal quality around the world. To understand why this GMP quality system is so impactful, we have to know a bit about how it all started.

Before and well into the 1800s, the medical field was based more in superstition than in science. The Dark Ages lived on in ideas like sin-induced illness, miasma, and bodily humors. Seeking medical attention often resulted in harmful treatments such as purging- the use of mineral toxins to induce vomiting- and the failure rates of these „curative measures“ were staggering; many died as a result of their medical treatment. Read More

Apr 02
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A revolutionary AstaBead™ 5% natural astaxanthin beadlets.

By News

Algalíf and Divis Nutraceuticals have recently introduced a partnership that has led to a new and revolutionary product called AstaBead™.  Now there is a new and improved version. 

It is a 5% natural astaxanthin beadlet, which is a type of microencapsulated oleoresin that contains natural astaxanthin. It outperforms other options in various applications due to its exceptional features such as ease of handling and uniformity.  

The Astabead™ 5% comes in both compressible and cold-water dispersible forms that can be used for everything from tablets and capsules to gummies, nutritional bars, and drinks.

Mar 15
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Algalíf publishes an Overview of Human Clinical Studies on Natural Astaxanthin. 

By News

The biotechnology company Algalíf Iceland has published a comprehensive Overview of Human Clinical Studies on Natural Astaxanthin. These studies have been carried out by scientists around the world in recent decades and up to the present day. It is the most comprehensive publication of its kind ever available. 

Algalif’s scientists reviewed a large number of studies and selected the 72 best ones based on methodology and scientific reliability. The main categories are Oxidative balance, Cardiovascular health, Healthy skin, Healthy Aging, Fighting Diabetes, Recovery from Heavy Exercise, Combinatorial Applications and Food Applications.  

The publication contains various information about astaxanthin and research on the substance in humans. There are also extracts from dozens of studies and references on where to access the studies themselves. The Natural Astaxanthin Human Clinical Studies Overview can be accessed and downloaded from Algalif’s website (www.algalif.com). 

Algalíf has published the most comprehensive ever available Overview of Human Clinical Studies on Natural Astaxanthin.  

Mar 01
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Astaxanthin – the origin of nature‘s most potent antioxidant

By The Algalif Blog

Natural astaxanthin is known as a chemical compound that has several health benefits for humans; including reducing inflammation, accelerating muscle recovery, and enhancing joint, skin, and eye health. But what is the origin of this nature‘s most potent antioxidant – and what role does it play in nature?

Astaxanthin helps to outperform

Even though we might recognize astaxanthin as the pigment that provides flamingos, lobster, and salmon meat with their distinctive colors, the primary producers of the compound are simple multicellular microorganisms. When taking a step further to understand why this magical pigment is produced by these simple organisms, we must keep the forces of evolutionary biology in mind. For instance, Haematococcus pluvialis, the freshwater microalgae species used at Algalíf, produces astaxanthin in high concentrations to outperform other organisms that thrive in similar conditions. Astaxanthin production aids the algae in competition for light, nutrients, and other essential resources. In other words, astaxanthin has played a role in the success of Haematococcus pluvialis in the brutal process that we generally refer to as natural selection.
Read More

Jan 30
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Algalif is a CarbonNeutral® certified Company.

By News

Since last year, Algalif Iceland is a Certified CarbonNeutral® Company. This is in accordance with the company’s Environmental Policy Manifesto by the internationally renowned CarbonNeutral® Protocol. Algalif produces plant microalgae using clean natural water and green geothermal energy. All Algalif´s astaxanthin products are also certified as CarbonNeutral®.  

Algalif Iceland is now a Certified CarbonNeutral® Company. This is in accordance with the company’s Environmental Policy Manifesto by the internationally renowned CarbonNeutral® Protocol. Algalif produces plant microalgae using clean natural water and green geothermal energy. All Algalif´s astaxanthin products are also certified as CarbonNeutral®. 

Algalif choose CarbonNeutral® as a green certification partner based on its outstanding reputation. Among other international companies with the same certifications are Microsoft,  Logitech, and Sky.

CarbonNeutral® has played a critical role in enabling clients to confidently make clear and credible claims about their climate programs and navigate the complicated and rapidly developing landscape of voluntary climate action. 

Algalif is the only Natural Astaxanthin producer in the world that is certified as a CarbonNeutral® company. 

Jan 14
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Original Study by Algalíf Scientists on Asta Quantification Reproducibility

By Articles, News

Accurate quantification of astaxanthin is an integral part of the quality control system in the production of this compound. It is essential for both producers and customers that the true amount of astaxanthin is stated on a product label. However, astaxanthin quantitative analysis is prone to high variability between laboratories. One reason for this is that astaxanthin is not a single molecule but a mix of geometrical variants (isomers).

An original study performed by the Quality Department of Algalif Iceland ehf. revealed that these astaxanthin isomers can transform into each other depending on the conditions of the analysis. The chemical behavior of astaxanthin greatly affects its quantification and explains poor between-lab reproducibility which impacts the whole astaxanthin industry.

 The original paper is published in Molecules and accessible through the link.

Dr. Oleksandr Virchenko of Algalíf.

 

Dr. Tryggvi Stefánsson

Dr. Tryggvi Stefánsson of Algalíf.

Dec 18
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Algalíf stefnir á almennan hlutabréfamarkað árið 2025.

By Fréttir

Stjórn líftæknifyrirtækisins Algalífs samþykkti á fundi sínum 15. desember að hefja undirbúning fyrir skráningu fyrirtækisins á almennan hlutabréfamarkað árið 2025. Stjórnin hefur fengið ráðgjafafyrirtækið Hamrar Capital Partners til að halda utan um undirbúning skráningarinnar og veita eigendum félagsins sértæka ráðgjöf í ferlinu. Þá var Baldur Stefánsson, framkvæmdastjóri og einn eiganda ráðgjafafyrirtækisins Hamrar Capital Partners, kjörinn stjórnarformaður Algalífs á fundinum.

Algalíf ræktar örþörunga á Ásbrú í Reykjanesbæ og framleiðir úr þeim andoxunarefnið astaxanthín. Yfirstandandi 7.500m² stækkun á verksmiðju Algalífs er komin vel á veg en heildarstærð verksmiðju Algalíf verður 12.500m² þegar verkinu lýkur seint á næsta ári. Framleiðslugeta félagsins mun jafnframt fjórfaldast frá því sem nú er.

Nýja verksmiðjan verður stærsta og fullkomnasta verksmiðja í heimi í framleiðslu á náttúrulegu astaxanthín og er heildarfjárfjárfesting vegna stækkunarinnar um 4,5 milljarðar króna.

Sjálfbærni verður áfram leiðarljós í starfseminni en við ræktun örþörunga umbreytist koltvísýringur í súrefni við ljóstillífun þörunganna. Algalíf er vottað kolefnishlutlaust fyrirtæki og notar eingöngu græna jarðvarmaorku frá HS Orku til framleiðslunnar í samræmi við langtímasamning fyrirtækjanna.

„Stækkunin hefur gengið í samræmi við áætlanir og fyrstu kerfin er þegar virk. Nýja verksmiðjan mun hjálpa Algalíf að styrkja sig í sessi sem eitt fremsta fyrirtæki í heimi í framleiðslu og markaðssetningu á náttúrulegu astaxanthíni. Til viðbótar mun bætt aðstaða gefa ný tækifæri til að leggja aukna áherslu á rannsóknir og þróun og sækja inn á nýja markaði,“ segir Orri Björnson, forstjóri Algalífs.

„Við erum afar spennt yfir því að fá Baldur Stefánsson til liðs við okkur sem stjórnarformann., og einnig að geta fljótlega aukið framleiðslu félagsins umtalsvert í nýrri hátækniverksmiðju. Fyrirhuguð skráning á hlutabréfamarkað mun gera okkur kleift að vaxa enn hraðar og styrkja okkur sem leiðandi fyrirtækis í rannsóknum og þróun, sem mun skila sér til viðskiptavina okkar og annarra hagaðila,“ segir Kenneth Bern, Forstjóri HeTe Invest AS eiganda Algalífs.

Dec 18
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Algalif for initial public offering in 2025.

By News

The Board of Directors of biotech company Algalif agreed on its meeting on December 15th to start preparations for the initial public offering (IPO) of the company scheduled for 2025. The board has mandated Hamrar Capital Partners to manage the preparation process and provide strategic guidance. At the company´s board meeting, Baldur Stefánsson, Managing Partner of Hamrar Capital Partners, was voted as Algalif´s new Chairman of the Board.

Algalif is currently starting up its 7.500m² expansion, bringing the total size of its production facility up to 12.500m², quadrupling the company´s previous production capacity of its flagship product Astalíf™ natural astaxanthin. The new facility will be the largest and most technically advanced natural astaxanthin production facility in the world, with a total investment of roughly 32 million US$.

All operations will continue to be sustainable, as in the production process CO2 is converted into oxygen by the algae through photosynthesis.

Algalif is a carbon-neutral certified company and only uses green geothermal energy for the astaxanthin production process, supplied by Icelandic power company HS Orka via the parties´ long-term power purchase agreement.

“The expansion has been going according to plan and the first processing systems in the new plant are already online. The new facility will help us establish Algalif as the clear global leader in the production and marketing of natural astaxanthin. Furthermore, it will allow us to put even more focus on our research and development into other valuable algae products and address new markets,” says Orri Björnsson, Algalif´s CEO.

“We are very excited by Baldur Stefánsson joining our BoD as chairman, and the future of Algalif now that we will start to ramp up production in our new state-of-the-art plant. The planned IPO will allow us to accelerate growth and strengthen our R&D efforts, to the benefit of our customers as well as other stakeholders.,” says Kenneth Bern, CEO of HeTe Invest AS, Algalif’s owner.

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