Polar Algae
Creates a new sustainable industry in the North of Norway.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
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Based in Hammerfest, Norway, Polar Algae AS operates as the world's northernmost producer of certified organic Ascophyllum nodosum, a type of seaweed. The company's core business involves the sustainable harvesting of this seaweed from the pristine, nutrient-rich waters of the Arctic. This raw material is then processed into high-quality ingredients for various industries.
The company was initiated and founded by Caroline Haukeland, who serves as CEO, and co-founder Nikolai Haukeland, who focuses on business development. The leadership team also includes Trine Bredal Hauan as Chair of the board, overseeing strategic development and capital raising. Polar Algae serves the agricultural and animal feed markets, providing key ingredients for fertilizers, biostimulants, and feed products. There is also a strategic aim to expand into the cosmetics and human health sectors in the future. The business model is primarily business-to-business, selling processed seaweed in bulk to commercial clients.
Polar Algae's main product is 'Polar Ascophyllum Meal', which consists of dried and milled seaweed. The company emphasizes that the extreme conditions of the Arctic environment yield a raw material with a rich concentration of essential vitamins, minerals, and bioactive compounds. A key operational aspect is their commitment to sustainability; they employ advanced, low-impact harvesting techniques, including proprietary electric boats, and utilize gentle, low-heat drying methods to preserve the seaweed's molecular structure and potency. In early 2023, the company partnered with Sirputis, a Lithuanian equipment provider, to develop custom dry and wet processing lines for its facilities at NorSea Polarbase, aiming to meet the increasing demand for its products.
Keywords: Seaweed harvesting, Ascophyllum nodosum, Arctic agriculture, sustainable bioproducts, organic fertilizer ingredient, animal feed supplement, biostimulants, marine biotechnology, Norwegian seaweed, Polar Ascophyllum Meal, sustainable aquaculture, B2B ingredients, seaweed processing, Arctic resources, natural raw materials, agricultural inputs, eco-friendly harvesting, nutrient-rich seaweed, environmental preservation, marine raw materials