Armed with helix-shaped photobioreactors that can dramatically reduce the cost of production, Algenie is a Sydney-based startup innovating with algae to replace planet-harming fossil fuels. Emerging from stealth today, it has obtained A$1.1M ($730,000) in early funding from Better Bite Ventures, the University of Technology Sydney (UTS), and other investors, aiming to use the capital to build on its initial work of creating “carbon-positive” plastics and biofuels with algae through its next-gen bioreactors. Source: GreenQueen 10/9/2024