© MiAlgae
The first phase of the site is estimated to create over 100 green jobs, once operational and will allow MiAlgae to continue to offer retraining opportunities for workers transitioning from the oil and gas industry – the mainstay of the town’s economy.
The site is also located near distilleries and aquafeed mills – such as BioMar’s and Cargill’s – in Central Scotland, which can help it scale its sustainable production model.
The new facility will enable the company to address the increasing demands from aquaculture and pet food markets, which are seeking sustainable and ethical sources of marine omega-3s. MiAlgae are also exploring new markets including meat alternatives, nutraceuticals and livestock feed – sectors with significant global demand.
The new site will be modular, expanding as demand grows with new facilities planned close to feedstock sources locally and abroad. Timing is critical, which is why the company is keen to see the Grangemouth site plans are approved as quickly as possible. Alternative sites are being explored as a contingency.
Douglas Martin, founder and managing director of MiAlgae said in a press release: "Grangemouth has incredible potential for us as we look to the next stage of our growth. This location offers an ideal position to support our scaling efforts and meet the increasing demand for our ‘biotech for good’ solutions, with the creation of green jobs across engineering, production, and research and development. We are confident that this new facility will help build a greener future and bring high-quality, sustainable jobs to the local community."
MiAlgae has been working closely with various partners, including manufacturer CalaChem, throughout the planning application process. The company is optimistic about the future and looks forward to the potential for collaboration with the Scottish Government to support the green transition in the region.
Martin added: "The area has a rich industrial history, and we’re proud to contribute to its evolution. We’re also proud to be involved in Project Willow, which encourages green industries to establish themselves in Grangemouth, contributing to the area’s transformation into a hub for green technologies. MiAlgae is at exactly the right stage of growth to contribute to the success of Project Willow. We are proven at scale, there is market demand for our product and we’re championing biotechnology in Scotland. We’re looking forward to working closely with local stakeholders and the Scottish Government to make this vision a reality."
