As part of a Joint Undertaking (BBI JU), the EU together with the Bio-based Industries Consortium, are funding ALEHOOP with over €5 million, at 70% aid intensity.
Through the project, a group of 16 companies, institutes, and other entities, seek to alleviate the need for soy-based protein in European food and animal feed production. Europe already has a protein source in excess pea pods, but its amino acid profile is unconducive for humans and livestock.
The project starts 1 June. Alginor is scheduled to receive €250 thousand in a few weeks, approximately half of the sum earmarked for the company.
Alginor will supply the project participants with amino acids extracted from Laminaria hyperborea.