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Under the new agreement for joint development and commercialization, Cellana will supply Piveg with algae from its Kona, Hawaii facility, which Piveg will use in its existing processing equipment and facilities in Mexico.
Algae firms Piveg (San Diego) and Cellana (Kailua-Kona, HI) announced earlier this month they have signed a letter of intent for the joint development and commercialization of products from algae biomass, including omega-3 oils and “other high-value applications,” according to a press announcement.
Cellana currently produces “industrial-scale quantities” of its ReNew Algae, an algae biomass product rich in omega-3 proteins, acids, polysaccharides, and oils for the nutrition, fuel, and cosmetic markets at its facility in Hawaii. Piveg, meanwhile, produces a variety of pigments and other products from natural sources including algae, chili peppers, and marigold for the nutraceutical, pharmaceutical, agricultural, feed, cosmetic, and food and beverage industries. Piveg has facilities in Mexico, Peru, and the United States.
Under the new agreement for joint development and commercialization, Cellana will supply Piveg with algae material from its Kona, Hawaii facility, which Piveg will use in its existing processing equipment and facilities in Mexico.
“Cellana is a leader in growing diverse algae outdoors using sunlight, and our ability to process Cellana’s algae biomass using our existing equipment and facilities allows us to expand our current portfolio and rapidly introduce additional algae-based products,” said Roberto Espinoza, Piveg’s CEO. “We have spent several years exploring the idea of an expansion and additional algae biomass sources, and are pleased to partner with Cellana in this endeavor.”
Looking toward the future, the two firms plan to “explore the development of larger-scale commercial algae biomass production facilities in Hawaii and Mexico.”
“Piveg’s extensive experience in processing agricultural feedstocks to produce and bring to market high-value products makes them the ideal partner to work with Cellana to rapidly commercialize material from our algae feedstocks,” said Martin Sabarsky, CEO of Cellana, in a press announcement. “Additionally, they bring world-class quality systems, which will allow us to bring to market our products with confidence. We are extremely impressed with Piveg’s people and capabilities, and they are an ideal partner to grow the algae industry.”
Financial terms of the agreement between Cellana and Piveg were not disclosed in the partnership announcement.
Nutritional Outlook Magazine