AlgaeNite - Israel

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Company name

AlgaeNite

Location

Ein Shemer, 3881600, Israel

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Contact number

+972 545 382 111

Website address

www.algaenite.com

Working hours

Monday: 8:30 am - 4:30 pm
Tuesday: 8:30 am - 4:30 pm
Wednesday: 8:30 am - 4:30 pm
Thursday: 8:30 am - 4:30 pm
Friday: Closed
Saturday: Closed
Sunday: 8:30 am - 4:30 pm

Establishment year 2021

Employees 1-10

E-mail address

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Company description

AlgaeNite offers a revolutionary solution to the long-standing "fertilizer crisis," providing a cost-competitive and efficient method of producing nitrogen-rich organic fertilizer. With the patented process of extracting nitrogen from the air and using only water, energy from the sun, and nitrogen from the air to produce the fertilizer, AlgaeNite stands to disrupt the $195 billion fertilizer industry and pave the way for sustainable and economical food production. The technology is also applicable to animal feed, alt-meat proteins, bioplastics, and cosmetics. To fund further R&D in Israel and the establishment of a U.S. marketing and business development entity, AlgaeNite is currently raising $10 million. The company forecasts reaching profitability in year three and expects to install

160 commercial bio-reactor units by year five, by which time the company will have accumulated $56 million in cash.

Listed in categories

General Business