BIORIZON BIOTECH RECEIVES GRANT TO OFFSET INCREASED ENERGY COSTS DUE TO WAR IN UKRAINE

The ALCERES project - Circular Economy for the production of biostimulant extracts from microalgae through the recovery of residual nitrogen and phosphorus, will be carried out by a consortium led by the company Biorizon Biotech together with the University of Almeria and the Cajamar Foundation, ‘Las Palmerillas’ Experimental Station.

ALCERES aims to develop a novel biostimulant based on microalgae extracts obtained from a circular economy process for the recovery of residual nitrogen and phosphorus as nutrients for the production of microalgae, as well as the use of the residual biomass from the process in the formulation of biofertilisers based on the use of microorganisms.

The ALCERES project has been approved in the last Public-Private Partnership 2021 call, resolved in December 2022 by the Ministry of Science and Innovation, being co-funded both by the Ministry of Science and Innovation through the Spanish Research Agency (MCIN/AEI /10. 13039/501100011033) and by the European Union through the NextGeneration funds with project code CPP-2021-008448, through the State Programme to Promote Scientific and Technical Research and its Transfer, of the State Plan for Scientific, Technical and Innovation Research 2021-2023, within the framework of the Recovery, Transformation and Resilience Plan.

ALCERES has a total budget of 409. 409,061.75 euros and a duration of 36 months, characterised by being a project that involves intense public-private cooperation of a multidisciplinary nature over a period of three years starting in October 2022, in which the Cajamar Foundation participates as a reference research centre in the agronomic validation of the agronomic products to be developed, the University of Almeria participates through the BIO352 Research Group - Desalination and Photosynthesis, coordinated by Biorizon Biotech, contributing its extensive experience in the development of research projects and the marketing of new solutions for agriculture, as a world pioneer in the development of biostimulant products for agriculture based on microalgae.

BIORIZON BIOTECH has received a grant from the European Union under the European Regional Development Fund (ERDF) to offset the extra energy cost of electricity resulting from the exceptional increase in electricity prices caused by the impact of Russia's war of aggression against Ukraine.

Biorizon Biotech, as it meets the condition of being ‘particularly affected by the increase in energy costs’, has been able to benefit from the aid because the amount of the annual turnover in electricity provided to the State Tax Administration Agency, in the model established for that purpose for the financial year 2022, with respect to its turnover for the same financial year provided by the State Tax Administration Agency, is higher than the percentages laid down in the Decree-Law, according to CNAE.

The aid granted and financed by the European Union under the Andalusia ERDF Operational Programme 2014-2020 amounts to €16,395.35 and will allow Biorizon Biotech to compensate for the extra energy costs resulting from the war between Ukraine and Russia.