Algenesis

Algenesis Corporation Overview

Algenesis Corporation is a material science and technology company with a profound mission to address the environmental crisis caused by fossil fuel-based products. With its headquarters located at 1238 Sea Village Dr, Cardiff By the Sea, CA, Algenesis is pioneering the development of renewable polyurethanes derived from algae and non-food plant oils.

Mission and Vision

Algenesis is dedicated to helping the planet recover from pollution, particularly focusing on the detrimental impact of products made from fossil fuels. The company's vision encompasses a future where sustainable materials replace conventional plastics, significantly reducing the ecological footprint of various industries.

Technology and Innovation

At the heart of Algenesis' innovation is the patented Soleic® technology. This groundbreaking development represents the world's first renewable, high-performance, fully biodegradable, and backyard compostable bioPolyurethane (bioPU) made from plants and algae. Soleic® technology stands out for its ability to biodegrade in compost within months, unlike traditional polyurethane that contributes to landfill waste and microplastic pollution.

Environmental Impact

Algenesis' production process of Soleic® bioPU leads to up to 50% lower greenhouse gas (GHG) emissions compared to petroleum-based polyurethane. This significant reduction in emissions showcases the company's commitment to fighting climate change and promoting eco-friendly manufacturing practices.

Blueview Footwear

Blueview Footwear is an innovative brand owned by Algenesis Corporation, known for creating the world's first fully biodegradable shoe. Blueview stands at the forefront of the sustainable footwear market, combining comfort, durability, and environmental responsibility.

Product Highlights

• Plant-Based Materials: Blueview shoes are crafted using Soleic® foam, a plant-based polyurethane that ensures the footwear is not only biodegradable but also renewable and durable.
• Design and Comfort: The brand emphasizes high-quality craftsmanship, best-in-class design, and next-level comfort, all while using environmentally friendly materials.

Brand Philosophy

Blueview's philosophy revolves around ecological responsibility and a commitment to the future of the planet. The brand's story began with a shared love and concern for the oceans, leading to the creation of footwear that aligns with these values.

Other Brands and Products

Algenesis Corporation has also ventured into other product lines utilizing its Soleic® technology:

• Rigid Foams for Surfboards: Leveraging early polymer formulations of Soleic®, Algenesis partnered with Arctic Foam to produce high-performance, fully biodegradable surfboard blanks, which have been tested and approved by professional surfers.
• Soft Foams for Footwear: Following the success of their surfboards, Algenesis began developing soft foams for footwear, collaborating with leading footwear brands to bring Soleic® foam products to the market.

Partnerships and Collaborations

Algenesis has established partnerships with various brands and companies to expand the use of its sustainable materials. Notably, REEF has become an official production partner, with more details on the collaboration expected in the near future.

Funding and Growth

Algenesis has secured significant funding to scale production and advance its fight against climate change. A recent seed round led by First Bight Ventures and Circulate Capital raised US$5M, following a US$5M grant from the U.S. Department of Energy. These investments support the company's efforts to scale the production of biobased isocyanates from algae oils using safe and green-flow chemistry processes.

Algenesis Corporation exemplifies a company that not only innovates in the field of material science but also actively contributes to a sustainable future through its eco-friendly products and technologies.