MAGNIFICENT aims to expand the range of commercial algae products and their market volume substantially and in a sustainable manner. The overall objective is to develop and validate a sustainable and economically feasible new value chain based on cultivation and processing of microalgae, with the aim to transform microalgae biomass into valuable ingredients for food, aquafeed and cosmetics applications. This project has received funding from the Bio Based Industries Joint Undertaking under the European Union’s Horizon 2020 research
and innovation programme under grant agreement No. 745754

The MAGNIFICENT consortium has 16 partners from 7 EU countries incl. 10 Small and Medium-sized Enterprises. 3 Large Enterprises, 1 University and 2 Research and Technology Organisations, and comprises commercial partners in the entire value chain and the 3 target markets.