The entry of Yokogawa as a shareholder will enable AlgaEnergy to reinforce its position of international leadership.
AlgaEnergy, a Spanish biotechnology company specializing in the production and commercial applications of microalgae, and Yokogawa Electric Corporation, a leading provider of industrial automation, control, and measurement technology, announce the signing of a partnership & equity participation agreement. The strategic agreement involves an approximately 10 million euro investment by Yokogawa to acquire newly issued shares of AlgaEnergy, making the Japanese company a reference shareholder.
Microalgae are a diverse group of unicellular photosynthetic micro-organisms that can thrive in a wide variety of aquatic habitats, such as oceans, lakes, and rivers. Their rapid rate of reproduction means they can be utilized effectively as a biological resource. They are recognized as having great potential to contribute to a more sustainable society through applications in diverse sectors ranging from agriculture, food, and animal feed through to pharmaceuticals, cosmetics, biomaterials and, in the future, sustainable biofuels.
AlgaEnergy has been a pioneer in the microalgae biotechnology field since 2007. It is currently operating a commercial production facility in the south of Spain. In late 2015, the company launched the world’s first line-up of microalgae-based biostimulant* products to promote efficient crop cultivation.
The entry of Yokogawa as a shareholder will enable AlgaEnergy to reinforce its position of international leadership, with the equity investment being used to fund a set of ambitious projects, including international expansion of its biostimulant product sales organization, entry into new sectors such as food and cosmetics, and development of its promising product pipeline.
However, the scope of the agreement extends beyond just financial investment. The two companies, which share strong synergies and a common vision, seek to build an industry-leading partnership in the microalgae biotechnology sector worldwide by collaborating in the areas of R&D, manufacturing, marketing, and sales. AlgaEnergy will leverage its broad knowledge and experience in the microalgae biological processes, accumulated throughout more than four decades of R&D by its scientific leader, the world-renowned microbiologist Professor Miguel Garcia Guerrero of the University of Seville. Yokogawa will provide the advanced technologies and knowhow related to automation of industrial processes that will be key for maximizing quality and efficiency as production volumes increase.
United by a commitment to sustainability
Augusto Rodríguez-Villa, AlgaEnergy’s president, highlighted that, “This agreement is the best possible partnership in the journey to achieve our mission to leverage the potential of microalgae worldwide. We share the same vision for the future, the belief that more sustainable development is possible and that microalgae can be a key contributor towards that objective.”
Tsuyoshi Abe, senior vice president and head of the Marketing Headquarters at Yokogawa, added, “Yokogawa aims to contribute directly to the UN’s Sustainable Development Goals through its core business activities, and this year we established a new Life Innovation business unit in line with that. This is our first serious foray into clean technology in the bioeconomy, which was recently added as a new focus area in our long-term business framework, so we have high expectations for this exciting strategic partnership.”
Following an extensive restructuring, AlgaEnergy is proud to partner with DE SANGOSSE Group through a soon to be finalized deal that will enable a concentrated focus on its agricultural markets. Previous business verticals including cosmetics, bioenergy, aquaculture and nutraceuticals will be discontinued, allowing a single-minded focus on solutions for agricultural markets, specifically agribiological inputs (biostimulants, biofertilizers and biocontrol).25 May, 2023
On November 16th, 2022 open voting for the Board of Directors of the European Biostimulants Industry Council (EBIC) took place, resulting in the election of AlgaEnergy’s Managing Director – Carlos Rodríguez-Villa as Vice President of the board – with 95 percent of the participatory vote.01 December, 2022
Alcobendas City Council has awarded us with this award "which recognizes business excellence", delivered by the Mayor of Alcobendas, Aitor Retolaza.28 October, 2022
We were one of the 15 companies selected -among more than 200 applications from 27 countries- to participate in the 11th edition of the Social Innovation Tournament, organized by the EIB Institute, obtaining the second prize in the 'Blue and Green Economy' category.30 September, 2022
Decoding how AlgaEnergy’s solutions energize crop gene expression in less than 2 hours.26 September, 2022
Carlos Rodríguez-Villa, Managing Director of AlgaEnergy, gave a TED talk in which he showed how, through innovation, the goals set in the 2030 Agenda can be achieved.23 September, 2022
The biotechnology company has joined and completed the first phase of the EIC Greenhouse Gas (EIC GHG) Programme, promoted by the European Innovation Council, with the aim of measuring, reducing and offsetting the carbon footprint of European companies.16 September, 2022
The biotechnology company is one of the only two companies invited to show that through innovation the goals set in the 2030 Agenda can be achieved.09 September, 2022
The PTF4LS, led by the Spanish Food and Drink Industry Federation (FIAB), promotes the transmission of research, scientific and technological advances through public-private collaboration between the main agents in the agri-food sector.27 July, 2022
Organized by the economic information newspaper Expansión and the Constucía group, the agenda included a round table with the participation of María Segura, Deputy General Manager of AlgaEnergy.06 July, 2022