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EB0_0128

Public share offering

From 16 September to 7 October, Alginor offers up to 2 million new shares to the public at NOK 35 per share. The public offering is the tranche B of the investment agreement with Borregaard, Hatteland and the EIC Fund. Find more details in the prospectus.

Borregaard, Hatteland and the EIC Fund to invest up to NOK 427 million
in a total capital raise of up to NOK 497 million.

Introducing 3rd generation biorefining with zero formaldehyde

We introduce 21st century biorefining and total downstream biomass utilisation through a vertically integrated, fully traceable and sustainable value chain. Through separation and mild, green chemistry processes, we abolish the need for formaldehyde throughout our entire value chain and create a variety of clean, high quality ingredients from a single raw material source.

We aim to produce our pharmaceutical ingredients in accordance with current Good Manufacturing Practice (cGMP), whereas our nutraceutical ingredients will be food-grade.

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Sustainability is a core focus in our business model

Through years of focused R&D, we have developed methods that dramatically increase the utilisation ratio of the harvested kelp biomass by abolishing the need for formaldehyde. Thereby we avoid any pollution related to biomass ocean release, process chemicals and other negative effects associated with aggressive chemicals.

New, purer and more potent products

Our pre-treatment and biorefining technologies enable us to extract every valuable substance from the raw material.

Significantly reduced carbon footprint

Efficient biorefining reduces carbon footprint with new processes and total utilisation.

A–Z
traceability

Total value chain ownership allows for traceability from harvest, through transport, to finished product.

Industrially
scaleable

Practically infinite raw material access and clever design means unhindered scaleability.

We contribute positively towards seven UN SDGs

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A massive renewable biomass along the Norwegian coast

It is hardy and thrives in the harshest conditions along our coast. In fact, the harsher the conditions, the bigger the kelp grows. In truly rugged surroundings, it can grow up to 3.6 meters in length.

L. hyperborea is distributed along the Atlantic coast of Europe, with a total biomass estimated at 100 million tonnes. Approximately 60% is found in Norwegian waters, totalling some 60 million tonnes, covering 10,000 km2 of the seabed.

35
million tonnes

Estimated biomass within the
regulated harvesting parcels

4–7
million tonnes

Available for harvesting
on average each year

100,000
tonnes

Alginor’s long-term
harvesting target

Alginor’s partners & benefactors