Innovative Business Idea of a Green Machine: MFENERGY SL

Author

Maysaa, Attigui
Parellada, Francesca

Abstract

The interest in creating renewable and sustainable sources of food, energy, and useful bio-based compounds has increased as a result of the continued development of the human population and climate changes brought on by CO2. In this sense, microalgae hold great promise since they have developed the ability to harness the vast solar energy resource at our disposal and transform it into environmentally benign, sustainable, and renewable energy, high-value goods, and efficient CO2 bioremediation.
Because they do not compete with food or feed crops, have the potential to provide significantly higher areal oil yields than existing agricultural crops, and can be grown on bare soil, microalgae are currently being marketed as a suitable next generation bioenergy feedstock. To make the process commercially viable, large amounts of microalgal biomass must be produced, and this is an essential requirement for meeting large-scale demand.
Three main technologies are currently being pursued to produce algae for bioenergy application:

• Phototrophic cultivation in open raceways
• Phototrophic cultivation in closed photobioreactors
• Heterotrophic cultivation in closed fermenters

Our project is about creating a green machine, a small and portable bioreactor for the aim to generate energy from microalgae, differentiating from the convention bioreactors explained above. The constructed device would be offered to farms, green houses, energetic industries, textile industry, transatlantic boats, harbor and would be exported globally, who as well as government will be our target customers.
We intend to address a range of concerns with this initiative. The project's first unmet need is to provide power to all of the places that do not currently have it, and the green machine would provide us the opportunity to do so. The second is helping to combat climate change, which would lead to a new way of producing energy. Third, spread energy production across the entire planet rather than just a few nations, decentralizing the industry. Some algae can be grown heterotrophically using organic substrates in the absence of sunlight. This production mode has the advantages of a readily available technology and fermentation knowledge base, a high degree of process control and independence from environmental conditions. Furthermore, heterotrophic cultivation has been shown to achieve higher volumetric productivities and lipid content than phototrophic modes of cultivation. However, not all species of algae are capable of heterotrophic production. One of the major cost factors in bioenergy production from algal biomass is the substrate. For that reason consists in using waste products from the agro-food industry as carbon source for the microalgae, as well as contributing in upcycling economy and to the planet.
Microalgae will serve as the bioreactor's catalyst, and in order to cut expenses, the substrate will be leftovers from the agro-food sector. By upcycling the industry, we not only cut expenses but also benefit the environment by using waste products as substrate. Our company truly believes that upcycling is the future of model business. While production will take place in our facilities, distribution will be handled by outside businesses.
To publicize our product and make it easier for businesses to contact us and learn more about what we have to offer, we will build a website. Additionally, the business will be active on social media sites like LinkedIn by publishing articles about current global topics, and our sales team will make presentations at various congresses across the world to promote our product. To obtain information of possible market segmentation we will create a questionnaire which will be handle to possible interested firms.
Our primary income will come directly from customers and incentive governmental helps as we are an environmental company and adapting in the actual climate conditions. Algae cultivation has also been attractive because of its potential to fix atmospheric or fossil fuel derived CO2 into biomass, potentially enabling the generation of carbon credits through sequestration of the biomass or by the production of carbon neutral energy.

 

Director

Olivé i Tomàs, Antoni

Degree

IQS SM - Master’s Degree in Industrial Business Management

Date

2022-06-05