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Read Article At thetimes.com
1. A biotechnology firm which uses waste whisky materials has raised £14 million of funding to expand.
MiAlgae takes by-products from whisky distillation to grow a microalgae which is a source of omega-3. A demonstrator site was opened last year and has been successfully creating products which the company believes can offer an alternative to existing fish oils.
Now MiAlgae, founded in 2016, will use the investment to build a larger-scale manufacturing plant to cater for demand in the aquaculture, pet food and human health sectors.
Douglas Martin, the chief executive, said: “The success of our demonstrator site has validated our technology at scale, attracting serious international support. >Read More