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Apr 24
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A truly international hub of knowledge.

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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 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. 

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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.  

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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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.

Jul 07
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Algalíf and geothermal power company HS Orka sign a 15-year agreement on green electricity purchases

By News

The biotechnology company Algalíf has signed a new 15-year agreement for the purchase of environmentally-friendly electricity from power producer HS Orka. All the electricity is produced with geothermal power. Through the agreement, Algalíf ensures sufficient clean energy for the company’s ongoing plant expansion.

Algalíf grows microalgae and processes them into the dietary supplement astaxanthin. Green electricity is one of Algalif’s most important resources. The foreseeable stability in energy prices that is bound by the agreement strengthens the company’s international competitive position in the long term.

HS Orka is known for its security of supply and environmentally friendly production of geothermal electricity. It is therefore in accordance with Algalif’s environmental policy to enter into a long-term agreement with HS Orka, as Algalíf places great emphasis on sustainability, product purity, and the minimum ecological footprint of its production processes.

Construction work on the Algalif plant expansion is progressing well, but production capacity will triple, from 30 tons to 100 tons of biomass annually, and the number of employees will double from 40 to 80. The project will be finished by the end of 2023. With secure access to green electricity, there is no nothing to stop the company from becoming the largest worldwide producer of sustainable natural astaxanthin.

Algalíf has been in a business relationship with HS Orka since the company was founded a decade ago. The management of both companies is satisfied with the collaboration so far and expects a lot from the collaboration in the coming years

May 05
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Agreement on the development of biodegradable food coating from leftover algae biomass

By News

It is a great pleasure for Algalíf Iceland, at its 10th anniversary, to sign an agreement with Start-Up company Marea on the development of food coating from leftover algae biomass.

Algalif produces sustainable natural astaxanthin from microalgae. Leftover biomass and oxygen are the only significant by-products. Currently, the leftover biomass is used as a fertilizer.

The product will be a biodegradable food coating that will both reduce plastic use and reduce food waste by increasing the shelf life of food.

 

This utilization is a novelty and can be an important step towards increased sustainability in Iceland and around the world. It is an important contribution to the value-creating circular economy of the future.

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