Alginor ASA Revenue and Competitors

Alginor ASA seeks towards a sustainable and resource efficient future based on seaweed treasures from beyond the Arctic Circle. We focus on total utilization of seaweeds for production of unique, pure and formulated products in a multifunctional biorefinery. Through safe, eco-friendly and efficient operations, Alginor sets the standard for tomorrow’s innovative solutions and technologies.\n\nAlginor ASA was established 24th March 2014 to commercialize knowhow and technology through the construction of an integrated Biorefinery for seaweeds.\n\nSeaweeds are among the world’s largest untapped resource. Norway’s seaweed forest constitutes 80 % of the coastal biomass with a standing stock estimated to 50 million tons. However, in order to utilize seaweeds effectively it is necessary to use a technology which exploits the entire biomass – a biorefinery.\n\nAlginor plans to start up the first biorefinery in Norway focusing on total (i.e. 100 %) utilization and resource efficient processing of seaweeds to pure and formula-specific products for use in food, feed, pharma, agri, chemicals and materials. The biorefinery will be in the form of a Demonstration unit with a tentative production capacity of 5,000 tons of seaweed per year. Further, Alginor plans a new expansion to a full-scale industrial Biorefinery with an annual production capacity of 50,000 tons of seaweed per year.