Gilbert Facility Is First of Its Kind With Contracts in Place to Deliver Products to Key Markets
Heliae, a leader in the development of advanced algae production technologies, today announced that it has begun operations at its first commercial facility in Gilbert, Ariz. Utilizing the company’s flexible Volaris™ platform, the commercial facility will initially produce high-value algae products for nutraceutical and personal care products. The startup represents the first phase of Heliae’s Gilbert plant, with futher expansion slated for late 2014. Purchase agreements are already in place with customers for the products produced from this facility.
“The startup of this plant represents a significant milestone for Heliae, but it’s just the beginning,” said
Dan Simon, president and CEO of Heliae. “We are now demonstrating both the scalability of our
technology platform and the economics of our approach. This step unlocks a robust pipeline of
international projects that will allow us to further expand our footprint globally.”
Heliae’s flexible Volaris platform combines the best of existing algae production models, utilizing both sunlight and low-cost carbon feedstocks to optimize output. Volaris is a mixotrophic algae production platform, a hybrid of known phototrophic and heterotrophic models, which decreases capital costs, improves contamination control and increases productivity and product optionality. With the ability to tailor the Volaris production platform for specific algae strains and target products, Heliae’s commercial facility will showcase flexibility to produce a range of products and ingredients for multiple markets, all on one
site.
The company’s investors include select members of the Mars family, the ASEAN-based global conglomerate Salim Group, through one of its subsidiaries, Agri Investments Pte Ltd, and Mr. Thomas J.Edelman.
“With this facility, Heliae is delivering on the vision that was outlined almost six years ago,” said FrankMars, co-founder and chairman of the board at Heliae. “This milestone would not have been possiblewithout the dedicated and focused efforts of our team, as well as the continued support of our localpartners, including Science Foundation Arizona, Arizona State University, and the Town of Gilbert. Sincefounding Heliae, the goal has always been to identify and scale world-class technology that will unlock thevalue of algae for a range of industries. With this new facility now up and running, we are well on ourway.”
About Heliae
Heliae® is a platform technology company that uses sunlight and low-cost carbon feedstocks to produce
high-value products from algae. Based in Gilbert, Ariz., Heliae is leveraging its core production
technology into four target markets: personal care, nutrition, therapeutics, and agrosciences. With a
seasoned management team and world-class science, Heliae is advancing the future of the algae
industry by delivering novel algae-based products to dynamic markets around the world. www.heliae.com