
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.

Henrik Piper, Board Member, is an entrepreneur with a focus on maritime, energy transition and infrastructure. He was CFO of Silverstream Technologies from 2012-2019. Prior to that he worked at Goldman Sachs, UBS, and Brunswick 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
| Culture started The Firglas microalgae facility at Carboneras has started commissioning the microalgae culture with inoculant launched in March. We have two initial strains being propagated, Nannochloropsis and Haematococcus. Announced on 25 April 2025. |
| Grid power supply is live Grid power supply is live – El suministro eléctrico está en funcionamiento The grid connection was finally made at the Firglas microalgae facility at Carboneras, four years after the application was submitted. Announced on 10 April 2025. |
| ITJ event posted on Linkedin The Ayuntamiento de Carboneras city council organised a presentation of the ITJ Instituto para la Transición Justa [Institute for Just Transition] projects that will succeed the decommissioned coal fired power station. A delegation of political and administrative visitors came to see our microalgae facility. https://www.linkedin.com/feed/update/urn:li:activity:7239567714724331520/ Ayuntamiento de Carboneras City Council on 26 June 2024 |
| 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 |