SOURCE: Fermentalg

Fermentalg

October 06, 2014 04:04 ET

Fermentalg Obtains the Definitive Planning Permission for Its Industrial Development Unit

LIBOURNE, FRANCE--(Marketwired - Oct 6, 2014) - Fermentalg (EURONEXT PARIS: FALG), an industrial biotechnology company that specializes in the production of oils and proteins derived from microalgae, has announced that the definitive planning permission was obtained following the end to the period for third-party rights of appeal. The certificate of lawful development was issued today by Libourne city hall.

A fully-integrated scientific and industrial site over close to 1.5 hectares
Built on the Fermentalg site in Libourne (33), the Industrial Development Unit will immediately be able to produce over 500 tons of microalgae oils per year, i.e. the equivalent of 1,200 tons of dry matter biomass.

The investment for the first tranche is estimated at EUR 20 million, providing Fermentalg with an end-to-end integrated unit that covers every stage in the development process, from the identification of each individual strain through to the final product, on a site of close to 1.5 hectares.

The industrial design of the site will also enable Fermentalg to triple production in the future for a limited additional investment that is currently estimated at less than EUR 10 million.

About Fermentalg

Founded in 2009 by Pierre Calleja, Fermentalg is an industrial biotechnology company that specializes in producing sustainable oils and proteins derived from the exceptional properties of microalgae. Its patented technology allows it to target a range of fast-growing global markets, from nutrition and animal feed to cosmetics and health, green chemistry and energy. Fermentalg has already signed its 1st industrial and commercial joint-venture for the production of Omega-3 oils rich in EPA and DHA as well as several other partnerships with leading industrial groups. Fermentalg shares are listed on Euronext in Paris (FR0011271600 - FALG). For more information, visit the Fermentalg website at: www.fermentalg.com.

Contact Information

  • Press Relations:

    Fermentalg
    Pierre Calleja
    Chairman and CEO
    Tel: +33 (0)5 57 25 02 20
    Email Contact

    ACTUS finance & communication
    Alexandra Prisa
    Tel: +33 (0)1 53 67 35 79
    Email Contact

    Investor Relations:

    Fermentalg
    Paul Michalet
    Chief Finance, Strategy & Business Officer
    Tel: +33 (0)5 57 25 79 76
    Email Contact

    ACTUS finance & communication
    Jerome Fabreguettes-Leib
    Tel: +33 (0)1 77 35 04 36
    Email Contact