Algene Holding SE, a subsidiary of DN Group AG (ISIN: DE000A3DW408), has announced the successful first harvest of high-purity microalgae, marking a significant milestone in scaling its operations. The harvest yielded 4,500 litres of microalgae raw material intended for quality-critical products in the cosmetics and food industries, with potential applications in the pharmaceutical sector as well. This achievement paves the way for series production following the up-scaling of the Algene platform, developed in cooperation with the Technical University of Munich.
The company has already engaged in extensive discussions with well-known cosmetics companies for the purchase of microalgae. The first delivery to a leading German cosmetics manufacturer is scheduled for the coming days, with the biomass primarily used for laboratory tests and validation of active ingredients. This initial delivery underscores the high quality and market acceptance of Algene's microalgae.
The market for algae as a strategic resource for food and bio-raw materials is experiencing strong growth. According to the EU Commission, the European market alone is projected to reach around 9 billion euros by 2030. Algae are considered a crucial component of the bioeconomy. In this rapidly expanding market environment, Algene Holding is positioning itself as an industrial platform for controlled microalgae production, addressing segments such as nutrition & food, cosmetics, life sciences, and aquaculture.
Ole Nixdorff, CEO of DN Group, commented: "For Algene, the start of series production is an important milestone. The market for microalgae is growing rapidly and offers enormous potential. The high level of interest underlines the high quality of the Algene material and the good market acceptance. As a shareholder in Algene, DN Group participates in this future market."
DN Group AG invests in impact companies with high growth opportunities in future industries such as AI, mobility, circular economy, food, health, and energy, and supports them in successful IPOs. The company is one of the leading providers of IPO and capital market transaction advice, connecting fast-growing ESG companies with international institutional investors. DN Group pursues a sustainable and exchange-relevant strategy, advising its portfolio partners on all capital market instruments, regardless of banks. For more information, visit the original release on NewMediaWire.
