rade Arabia reports that the Oman Centre for Marine Biotechnology (OCMB) recently signed a memorandum of understanding with Swedish Algae Factory to support the domestic cultivation of algae as a source for commercially valuable nutrients and nanomaterial for the marine biotechnology industry.
OCMB is a joint venture of Sultan Qaboos University (SQU) and the Oman Authority for Partnership for Development (OAPFD).
Swedish Algae Factory is a Gothenburg, Sweden-based start-up founded in 2014 around the unique traits of certain diatom species that include the ability to grow well in low temperature and low light conditions. The company cultivates diatoms to produce nutrients for the cosmetic industry, as well as nanomaterial for enhancing the efficiency of solar panels, and organic biomass for sustainably produced feed and fertilizers.
Signing on behalf of OCMB, which is based at dedicated facilities at the SQU, was its chief executive officer, Professor Bassam Soussi, while the Swedish Algae Factory was represented by one of its founders, Professor Angela Wulff of the University of Gothenburg.
The signing took place during the inaugural session of a conference spotlighting the theme, “Frontiers in Marine Biotechnology,” which was recently held in Muscat, Oman.