Koralo launches a new mycelium and microalgae fish fillet in South Korea

Image courtesy of Koralo

Algae, Microalgae & Seaweed

8 of the Most Exciting Innovations in Algae

Algae is essential for human life. According to the Scripps Institution of Oceanography, around half of the oxygen produced on the planet comes from it. But beyond sustaining our lives, this diverse group of photosynthetic organisms has the potential to replace animal proteins and fossil fuel-based materials, including plastics and fuel. Additionally, algae can be used to make colorings, food additives, omega-3 supplements, and much more. The algae products market is projected to reach $6.01 billion by 2031, at a CAGR of 7.9% from 2024 to 2031, according to Meticulous Market Research.  Here, we present eight worldwide algae innovations propelling us toward a more sustainable planet: 1. Koralo’s New F!sh – South Korea Koralo, a German fermentation startup based in South Korea, has developed an alt fish fillet — New …

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Algenesis produces a plastic-like material made from plants and algae that is biodegradable.

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Materials

Algenesis Secures $5M to Produce at Scale Biodegradable Plastic Made From Algae

San Diego-based Algenesis Corporation, the plant-based material science company behind the biodegradable shoe brand BLUEVIEW, announces it has raised $5 million in a seed funding round to expand production and commercialization of Soleic PU, a plastic biomaterial made from plants and algae. Additionally, with the new funds, the company will expand Soleic product lines into breathable and waterproof textiles and phone cases. Soleic PU is currently available in soft foam applications, such as midsoles and insoles for footwear. In previous partnerships with the surfing brands REEF and Artic Form, the company created innovative algae foam blank surfboards.  First Bight Ventures and Circulate Capital led the round, with MIH Capital, Diamond Sports Group, and RhinoShield supporting the biomaterials company. The investment follows a $5 million grant from the US Department …

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