Major improvement in magnetic particle chemistry!
Our talented team is always looking for ways to reduce our production cost and increase efficiency. We recently had a breakthrough in the chemistry of the magnetic particles. We use these particles to harvest algae from the water and are at the core of our competitive advantage.
This breakthrough will not only reduce the cost of the particles themselves (which are a major driver of the system’s economics), it will also allow better recovery of the particles and increase the capacity of our harvesting equipment. We estimate that overall harvest efficiency can be improved by up to 11X with this improvement. The driver of these improvements is that the new particles magnetically separate dramatically faster than our current particles. You can see this for yourself in the video below.
The much greater speed of separation means the same harvesting machine will be able to process much more algae for the same price. Obviously, how the team achieved this is a closely guarded secret, but it falls in line with a long series of major step changes we have made in this field. Where others are working for 5-10% improvements we often discover 5-10X improvements! Stay tuned, there is more to come!