unreliable, and energy costs associated with fertilizer production have spiked, ultimately causing what many refer to as the “fertilizer crisis,” one which threatens the world’s food supply and the economic viability of farms all over the world.

Solution:

Algaenite has patented a process that overturns our concepts around fertilizer production and delivery to solve the problems facing both farmers and the fertilizer industry. Produced by the company’s bio-reactors, AlgaeNite’s “bio-ammonia” fertilizer is rich in the “available nitrogen” plants need, far outperforming other organic fertilizers in both cost and yield, matching the yield of the best modern chemical fertilizers.

Using a nitrogen-fixing cyanobacteria, the cost-competitive AlgaeNite fertilizer production process extracts nitrogen from the air, produces zero greenhouse gases (negative CO2 emissions) and requires far less energy than chemical fertilizers.

Significantly, AlgaeNite’s bio-reactors allow farms of all sizes to easily produce their own organic fertilizer on site, using only water, energy from the sun and nitrogen from the air.

AlgaeNite not only stands to disrupt the nitrogen fertilizer industry, but aims to pave a path to sustainable and economical production of food for the world’s growing population. The company’s technology is also applicable to animal feed, alt-meat proteins, bioplastics and cosmetics.

Funding:

AlgaeNite is currently raising $10m to fund further R&D in Israel and the establishment of a U.S. marketing and business development entity. AlgaeNite forecasts reaching profitability in year three and expects to install a total of 160 commercial bio-reactor units by year five, by which time the company will have accumulated $56m in cash.