Leading microalgae brand, Algatech, are expanding their company as they move into the US market, opening a New York City subsidiary.
The company, which will now also be responsible for the US, Canada and Mexico, intends to invest heavily in developing more plant-based protein from microalgae in cooperation with global ingredient companies, to add to their already strong range of vegan products.
Algatech was chosen by the EIT’s Knowledge and Innovation Communities (KIC) leaders to be the sole algae producer, especially to develop new food sources from microalgae via its advanced technologies and capabilities.
The new operation will be led by Ken Seguine, who brings more than 25 years’ experience in the natural products industry with companies in both dietary supplements and personal care.
Algatech CEO, Hagai Stadler commented, “We are committed to expanding our global marketing network and strengthening our presence in the NAFTA markets. [The company] cultivates microalgae in a patented, eco-friendly, closed system that allows the production of safe, pure ingredients and minimizes its environmental footprint.”
Stadler continued, “The company works relentlessly to unlock the potential of microalgae, discovering and industrializing new strains of microalgae, and producing it in large scale through methods completely beneficial to both consumers and the planet.”