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They don’t try to pretend to be experts in everything. They get comfortable with the risk they’re taking and then step back, enabling our top-of-the-field team of experts to progress forward with their research.
Ian Hu & John Waite
Co-Founders, Phycobloom
Invested
2024
Industry sector
Environment
Location
London, UK
Status
Active
People
11-50
Website
https://www.phycobloom.com/
Socials

Scaling algae biofuels to decarbonize global transport

Each year, the aviation sector consumes approximately 92 billion gallons of fossil fuel, contributing significantly to global CO₂ emissions. While sustainable alternatives like biofuels have existed for decades, they often face barriers such as high production costs, limited scalability, and investor skepticism due to a graveyard of past failures in the algae biofuel sector. Phycobloom is breaking through these barriers with a pioneering approach to biofuel production using microalgae.

A breakthrough in biofuel production 

Microalgae have long been recognized for their ability to absorb CO₂ and produce oils through photosynthesis, but high extraction costs have stalled commercial adoption. Phycobloom is changing the game with innovative biotechnology that makes algae biofuel production scalable and affordable. By engineering algae to secrete oils directly, Phycobloom eliminates expensive processes like centrifugation and filtration, slashing production costs by up to 80%.  

This breakthrough not only makes biofuels economically viable but also addresses critical challenges in the global energy supply chain. Phycobloom’s algae thrive in diverse water sources—seawater, wastewater—and on non-arable land, avoiding competition with agriculture. Combined with a continuous production process that minimizes downtime, Phycobloom positions algae biofuels as the most sustainable and scalable alternative for decarbonizing heavy industries.

From backing to breakthroughs

Phycobloom’s partnership with Happiness Capital has been instrumental in advancing its mission. With a flexible and forward-thinking investment approach, Happiness Capital provided funding that not only supported Phycobloom’s immediate goals but also set the stage for long-term success. This backing has allowed Phycobloom to refine its technology and gear up for large-scale deployment.  

The partnership also complements existing investments from key corporate players such as Boeing, Bunge, and Berge Bulk, who are looking to decarbonise the fields of aviation, agriculture, and shipping. These collaborations bring invaluable industry expertise and strategic support, helping Phycobloom bridge the gap between lab-scale innovation and real-world applications.

Turning ideas into industry solutions

Phycobloom is entering the final stages of lab-scale development, focused on optimizing its algae strains to maximize oil production and streamline processes. Central to this effort is refining its techno-economic model—a key strategy to ensure scalability and cost-effectiveness. This model showcases how algae-based biofuels can be produced at scale while meeting market demands for affordability and efficiency.  

With an ambitious goal of achieving “fuel in the air by 2030,” Phycobloom is driving toward a transformative milestone for the aviation industry. This commitment represents a crucial step in decarbonizing global transport and accelerating the adoption of algae-based biofuels. Beyond aviation, Phycobloom’s scalable solutions have the potential to revolutionize shipping and road transport, amplifying their impact across industries.  

Supported by visionary investors like Happiness Capital, Phycobloom is redefining the energy landscape – one drop of algae oil at a time. Through cutting-edge technology, strategic partnerships, and a bold long-term vision, the company is paving the way for a sustainable, decarbonized future.

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