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Algaia Appoints Frederic Faure as its CEO

By CIOReview | Wednesday, August 5, 2020

Paris Algaia, SA, has appointed Frederic Faure, one of the company's co-founders, as its new Chief Executive Officer (CEO) for the group as of June 1, 2020.

FREMONT, CA: Mr. Faure declared the augmentation and expansion of the company's sustainability plan toward achieving minimal carbon footprint by the year 2025.

Eliminating seaweed waste

Algaia is dedicated to drastically advance its co-extraction strategy of fresh seaweeds in house and optimize the usage of raw materials to minimize its environmental impact. The typical manufacturing process for seaweed extracts utilizes only a small portion of the biomass while generating significant solid and liquid waste. Based on the technologies and the types of extracted compounds, only 15 percent to 35 percent of the raw material is used. Algaia has set the aim of using its multiple-extraction process to evaluate 80 to 90 percent of the fresh seaweed biomass that it harvests by 2025.

Typical seaweed compound extraction methods do not allow for the isolation of some of the more sensitive compounds due to heat treatment and specific ion-exchange reactions. Few components require fresh seaweeds due to their sensitivity to drying conditions and degradation from UV exposure. These are some of the technical issues that producers encounter at extraction facilities that depend on dry imported seaweeds.

"Our know-how in extraction, marine biotechnologies, and our innovative multiple stage extraction processes can allow us to generate new byproducts, meeting the needs for more sustainable and naturally sourced solutions," explains Faure. "We set an ambitious goal to address one of the biggest environmental challenges in producing algae-based products today: keeping up with the fast-growing demand."

Faures two decades of professional experience in specialty food ingredients have been connected to both land and marine plants. Before aiding to found Algaia in 2016, Faure worked in both France and China in managerial positions and portfolio development for global companies such as Cargill, Evonik, and Lucas-Meyer. He first took on the role of Algaia of Business Development and Commercial Director while heading the setup of the R&D center in Saint L, Normandy. Faure replaces FabriceBohin, who stays as a shareholder and member of the Board of Directors while being the new president of Diana Naturals SAS within Symrise Nutrition.

Building a strong bond with local fishermen
Algaia joins hands with local fishermen to harvest fresh French seaweed just a few kilometers from its plant in Brittany, France, to make sure a constantly fresh, local, and renewable supply of seaweed biomass.

"Food companies are increasingly turning to trusted, local suppliers who have demonstrated their reliability in the pandemic," says Faure. "Working closely with the fishermen lets us speedily answer the rapidly growing demand for our product line and guarantee access to the most bioactive components that we could co-extract from our fresh biomass. The fresher the seaweed, the better we can procure of its high-value active compounds. We are eager to further participate and contribute in this traditional ocean farming activity in the region and become more involved with the community they are the key to guaranteeing a sea-to-fork supply chain with the complete transparency that every consumer deserves."