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HomeAgriculture, Forestry, FishingSeeking investment for establishment of a facility to produce biochemical products

Seeking investment for establishment of a facility to produce biochemical products

The facility for the development and demonstration of various microalgae technologies, is to be used in the production of high-value biochemical products with high commercial potential.

Upington Algae Plant

Project Description

The establishment of a national facility for the development and demonstration of various microalgae technologies to be used in the production of high-value biochemical products with high commercial potential. The ultimate aim in the establishment of an Algae Park/Hub which will impact on economic- and socio-economic development and present opportunities for investment in Upington and in the region.

Key Information:

    • Economic sector: Agriculture
    • Economic sub-sector: Agro-processing – for the extraction of high-value biochemicals for the nutraceutical, cosmeceutical, pharmaceutical and diagnostic industries (amongst others).
Preparatory exercises:
    • Feasibility study completed;
    • Business plan developed;
    • Funding secured from the Technology Innovation Agency (TIA), R25.7-million;
    • Funding secured from the Small Enterprise Development Agency (SEDA), R9.4-million.
Next phases:
    • Securing of R9-million for the bricks and mortar phase of the facility;
    • Implementation of the pre-construction phase;
    • Commencement of the construction (pre-operational) phase;
    • Commencement of the operational phase(s).
Potential impact:
    • Economic- and socio-economic development;
    • Job creation, especially in the future Algae Park;
    • High-level technical and business training for career development;
    • Increase exports;
    • Reduced imports;
    • Opportunity for investment in Upington and the Northern Cape.
Investment required:
    • R500 000 to appoint a Service Provider to secure the funding required for the bricks & mortar portion of the Centre within the next four – six months;
    • R9.142-million for the bricks and mortar portion of the Centre.

Contact

Interested parties are encouraged to contact the project team with a brief description of their interest(s) in being part of the project:

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