The report highlights how this collaboration seeks to contribute to palliate the climate change.
The Spanish economic information newspaper ‘Expansión’ has published an interesting article in which AlgaEnergy’s activities have a prominent space. The article includes different examples of collaborations established between companies in order to take care of the planet. The article, within a section dedicated to the innovation and signed by the journalist Alejandro Galisteo, points out that microalgae play a key role to reduce the carbon footprint since these microorganisms are the most efficient CO2 biofixation systems in the world.
This circular, profitable and sustainable business model was the reason why Iberdrola, the world leader in renewable energies, but also a true leader in the fight against climate change that wants to be totally carbon neutral in 2050, decided to become a shareholder of AlgaEnergy in 2009, collaborating in its sustainability strategy.
AlgaEnergy has an industrial microalgae culturing plant located in South of Spain (Cádiz), which is annexed to the largest combined cycle power plant in Spain, owned by Iberdrola. This microalgae plant is capable of biofixating CO2 in the process of microalgal cultivation, transforming this gas into high-value products. The plant occupies an area of 10,000 m2 and it is in an expansion phase.
Read the article –in Spanish– here.