Translation by Christopher LONGMORE from the original article by Francis Rousseau of 3B Conseils.
Only in January the French start-up company FERMENTALG had raised €5.3m from investors of national stature like Emertec, ACE Management, Demeter Partners, CEA Investissement, ( a high-tech start-ups specialist), Aquitaine Creation Investissement, and the Groupe Picoty - a specialist in trading and stocking petroleum products., pioneer and leader in the research, development, and production of microalgae. Now it has just announced that it has raised a further €14.6m in subsidies and investment funds with the support of OSEO to launch the first major European project based on the use of microalgae. (EIMA).
The idea, known for some time, is based on layers and cultures of algae called "heterotrophs" or "mixotrophs" needing little or no light to grow thus increasing the yield 50 or even 100 fold than that obatined from tradtional "autotroph" cultures.


These links between the public and private sectors could finish as a 120 person consortium. The EIMA project should result in tenfold reduction in the costs of producing biomass from algae within 5 years, thus enabling its use for the production of biofuels. Pierre Calléja commented: "This phase of industrialisation, which is the first in Europe, allows us to raise FERMENTALG to the same high level as our principal global competitors in the world, be they in the USA or China, and opens vast development oppoortunities".
Founded in 2009 in Libourne, near Bordeaux in south-western France, FERMENTALG currently has 20 employees and owns a wide portfolio of intellectual property in the field of microalgae and their exploitation. Given the substantial capital committed and the partners it has recruited, the FERMENTALG project seems to be for now one of the most serious French forays into the domaine of biofuel production from algae.
Sources: The documents and sites mentinned. Photos: ©Fermentalg
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