What is the final product particularly suitable for?
Michon: Addressable markets are multiple – from compostable food packaging (home compost certified) to recyclable durable product or rigid composite material for automotive industry. The portfolio of formulation is in constant evolution.
What contribution does it make to climate protection?
Michon: The contribution we make to climate protection is extremely powerful, as we efficiently combat environmental pollution in several ways:
a) We clean the beaches from a pollutant: Macro green algae is creating massive issues around the world when they are not collected. They are damaging sea eco system by eutrophication of the water, even killing peoples by emitting toxic gas. They are damaging the tourism and attractiveness of coastal cities.
b) We capture CO2: When they grow, green algae do capture massive amounts of CO2. It has been measured that 1kg of dry algae do capture 1 kg of CO2. No filter, no energy – just a natural process. With our plant in France, we are expecting to capture 10.000 tons of CO2 per year – with only one plant.
c) We decarbonize partially the plastic industry as our material can contain up to 50 to 60% of algae for certain application. We contribute to a transition model.
d) Last but not the least we locate the production of raw materials closer to the manufacturing plant in countries where there is a lack of resources and a large demand for employment. We do not need agricultural land and so we can implement our process in low industrialized territories.