The company also plans to develop new microalgae-cultivation technologies for efficient production of an expanded range of microalgae-derived active ingredients.
Astaxanthin supplier Algatechnologies plans to expand production for its AstaPure brand. The expansion will take place in two stages. In the first stage, due for completion at the end of this year, production will increase by 30%. At the end of stage two, 12 months from now, 50% capacity will be added.
“This expansion is a result of the growing global demand for our premium-quality AstaPure line of products, and of the several long-term agreements we secured with leading companies in the dietary supplement and nutrition industries,” says Efrat Kat, the company’s director of sales and marketing.
“Our competitive edge lies in our exclusive proprietary and patented cultivation process. We are the only company that produces astaxanthin in a closed system that is fully controlled and totally exposed to naturally sunlight,” Kat adds.
The company also plans to develop new microalgae-cultivation technologies for efficient production of an expanded range of microalgae-derived active ingredients. For this purpose, it is establishing a new pilot plant and beta site for testing and implementation.
“Microalgae contain many nutrients that are found in animal products or in low concentrations in plant foods,” says Hagay Tzur, the company’s CEO. “It is possible to grow microalgae much more efficiently, without the need to compete for diminishing fertile soil. For these reasons, we see a growing demand for the development of advanced microalgae technologies.”