Algae

Heliae makes progress on astaxanthin, pivots to feed in DHA production

Heliae used a cover pond system to grow Haematococcus pluvialis. Heliae photo.

Algae ingredients producer Heliae has taken steps toward commercial viability with new certifications on its astaxanthin products and launch of new finished products. In addition, the company has reached a supply deal for biomass arising from its DHA oil development.

'AlgaPrime DHA is going to be a major source of growth. We have strong margins on that product and based on the initial responses we've got from the aquaculture market and, specifically, BioMar as well as some of our other partners, I expect that to ramp [up] quite rapidly.'

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