Commercial Scale Microalgae Cultivation and Processing

At Firglas our mission is to become the global microalgae producer of choice for active compounds for medicine, food supplements and specialist animal feed ingredients.

Firglas develops and operates microalgae facilities using proven technology to produce highest quality food-grade products. The company has built a commercial scale facility in Almeria, the largest of its kind in Spain, to cultivate Nannochloropsis.

Our commitment to produce consistently pure, non-GMO, quality products is without compromise and goes hand in hand with our sustainability promise

The objective is to demonstrate commercial viability at scale for this novel primary production method growing highly nutritious products with outstanding efficiency to address the critical shortfall of key nutrients, protein and other essential food compounds. Products include natural, pure, vegetarian, unprocessed biomass as well as Omega-3 oils. Our core values of quality, focus and passion run through everything we do.

Our business model has two steps, firstly we cultivate, harvest and de-water Nannochloropsis creating biomass. Secondly we extract active compounds such as Omega-3 EPA oil and beta-carotene. Our commitment to produce consistently pure, non-GMO, quality products is without compromise and goes hand in hand with our sustainability promise where everything Firglas does has a positive impact on the environment. Firglas is a member of EABA, the algae trade association.

Over 15 years’ experience in Biotech

Firglas has been exploring microalgae cultivation and its many applications from the nutritional compounds in the biomass, partnering with Simris Alg and Heliae amongst others. After more than $1 billion of fundamental research investment worldwide , notionally for biofuels, commercial scale microalgae cultivation is becoming increasingly viable.

In March 2019 Firglas Ltd completed a £3 million equity financing to build commercial microalgae facilities and subsequently developed and built Spain’s largest facility in partnership with Endesa and Biorizon Biotech. The facility is the culmination of a ten year Endesa research project to sequester carbon by growing algae. Nannochloropsis was selected as the strain for production because of demand for aquaculture hatchery feed, cosmetics and nutraceuticals.

Exceptional team expertise

The team has an exceptional track record of delivering successful process engineering plants from scoping and design to project implementation and operations.

The team has raised and deployed more than $200m into sustainable assets since 2010.

Fredrik Adams
Founder CEO

Fredrik Adams is a cleantech entrepreneur with ten years prior experience in technology venture capital.

In 2013 he formed Firglas to deliver biogas and hydroelectric projects together with Sustainable Technology Investors, including a biogas plant on the Isle of Wight and two micro hydroelectric schemes in the Outer Hebrides operating since 2016. From 2017, the company is focused exclusively on microalgae.

During 2014-2016 he served on the board of Simris Alg, a Swedish algae farm manufacturing Omega-3 capsules, raising $13m.

In 2009 he formed Tamar Energy (previously Adgen) which raised £97m of equity capital in 2012 to become the no.1 anaerobic digestion biogas business in the UK.

Between 1999 and 2009 Fredrik worked with early-stage technology venture capital investments in Europe and USA, as an investor, board director, interim CEO and co-founder. He acted for Siemens Venture Capital in Munich and Boston, Viventures in Paris and European Equity Partners in London.

Lysander Tennant
Chief Financial Officer

Lysander Tennant joined Tamar Energy in 2011 where he became head of corporate finance until 2018 when the company was merged with Biogen. Tamar is a specialist developer and operator of anaerobic digestion (AD) plants. At Tamar, Lysander was responsible for the financial model used in the company’s initial £97 million equity raise in 2012. He subsequently advised the development team on commercial and economic aspects of projects. Lysander worked with the Finance Director to secure a £32 million senior non-recourse debt facility with RBS in 2015 to refinance the portfolio of five plants, the first of its kind in the AD sector.

Lysander started his career in fund management at BZW Investment Management, American Express Asset Management. He was independent director from 2002 and chairman from 2012 until 2015 of JPMorgan Russian Securities plc. From 2007-2009 he worked at Sindicatum Carbon Capital, on financing low-carbon energy projects to generate carbon credits, including leading negotiations for a $45 million waste gas to energy project in Indonesia.

Palmira Guarnizo Garcia is a biologist and the plant manager at Carboneras. She has twenty years’ experience of algae cultivation and research.

Elvira Diaz is a marine biologist and lab assistant at Carboneras.

Peter Mponzi is a chemical engineer who is responsible for downstream extraction. He has worked on extraction of Omega-3 and other compounds from Nannochloropsis.

Naz Bashir has a PhD in organic chemistry and an MBA from the University of Exeter. He is scientific and commercial advisor to the company. He was co-founder and former CEO of AlgaeCytes, a nutraceutical company that produces Omega-3 from algae.

Naz has over twenty years of experience as an entrepreneur in early-stage companies, in/out licensing, investment strategies, in commercial and business development. He has achieved success in driving sales from licensing, strategic partnerships in the biotech, chemicals, biofuels and food sectors with deals ranging up to $100million. 

Stephen Page, Board Member, is a serial tech entrepreneur, founder and CEO SFC Capital, the most active investor in the UK with 400+ investments.

Christopher Wright, independent non-executive chairman, is a co-founding director of ROPER Technologies Inc. (NYSE, S&P 500), chairman of EMAlternatives LLC in Washington D.C., Yimei Capital in China, a director of Merifin Capital, GP Investments (LUX) and Spice Private Equity.

Until 2003 Christopher was Head of Private Equity at Dresdner Kleinwort and subsequently at Allianz following the merger. He is a seasoned in governance acting as chairman and director of private funds and companies, serving on audit, remuneration and investment committees.

Firglas in the News

Algavillage works are advancing for the construction of a microalgae plant on the grounds of the Endesa thermal power plant
Avanzan las obras de Algavillage para la construcción de una planta de microalgas en los terrenos de la central térmica de Endesa
Endesa press release, 4 August 2022
Nutritional Assessment of the Nannochloropsis 
University of Granada, published 11 May 2022
Endesa and Algavillage will maintain the Carboneras microalgae plant
New Science, 5 December 2021
Endesa y Algavillage mantendrán la planta de microalgas de Carboneras
Nova Ciencia, Dic 5, 2021
Algavillage, a joint venture between Firglas and Biorizon Biotech, will invest more than €3 million in the Litoral Microalgae Plant
Endesa y Algavillage acuerdan la continuidad de la planta de microalgas de Litoral para los próximos 10 años
Endesa press release, 26 November 2021
Food Start-ups Eye Algae as a Green Protein Source
Post By Nithiya Paranjothi on 6 October 2020
Make the Change
Eden Project on 7 October 2019
Algae: can pond slime feed a growing global population?
Rob Brown in The Grocer published 7 November 2019
Food start-ups eye algae as a green protein source
Financial Times, 11 March 2019
Earthworm Invests in Algae Cultivation Company, Firglas
Earthworm press release, 21 November 2018
Firglas EIS – Sustainable algae production at scale
YouTube animation by Wealth Club, 15 November 2018
From algae to tiny spacecraft — the weird world of EIS
Financial Times, 24 August 2018
Algae for lunch? This is why I’m banking on it.
Alex Davies of Wealth Club, 18 July 2018
The Future of Cleantech on Show at the 2016 Tech Tour Cleantech Summit Press Release
Tech Tour press release on 23 November 2016
Bunavoneader hydro-electric scheme is finally operational – Another 100 homes with green energy
North Harris Trust press release on 2 November 2016
The turbine and generator at Gleann Dubhlinn hydro scheme roar into life on West Harris
West Harris Trust press release on 23 September 2016
Simris Alg Expands the Board
Company press release on 5 November 2014
Bunavoneader Hydro Scheme update
North Harris Trust press release on 11 August 2014
Black Dog Biogas brings MT-Energie’s AD technology to the Isle of Wight
ADBA trade association announcement on 2 June 2014
Announcement of First Biogas Plant by Tamar Energy
Tamar Energy press release 12 June 2012
Prince of Wales and Sainsbury’s invest in green energy start-up Tamar
The Telegraph, 23 February 2012