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LGT VP invested in Feed Algae

September 1, 2017

The company has developed a 100% green technology to grow algae.

In August 2017, LGT Venture Philanthropy Foundation completed a $2m investment for a significant minority stake in Feed Algae, which has developed, patented and tested a new technology to grow algae in land based ponds at exponential growth rates, on a very large scale, in the same way that algae blooms naturally in the ocean.

The technology is 100% green, using only seawater, sunlight, CO2 and wind and solar energy as inputs. The funds will be used to further develop the technology and build a pilot operating plant to test growing conditions in Morocco.

 

 

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