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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Fermentalg    FALG   FR0011271600

FERMENTALG

(FALG)
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Delayed Quote. Delayed Euronext Paris - 07/10 11:35:14 am
1.22 EUR   -1.29%
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Fermentalg : Fermentalg moves to the next phase in its partnership with the SUEZ Group

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10/10/2018 | 12:05pm EDT

Libourne – 8 October 2018 – Fermentalg (Euronext – FALG), a French market leader in microalgae, today announces the signing of new agreements with the SUEZ Group for the development of its algal biofilter.

An urban and industrial biological filter to capture CO2 emissions and other particles

In 2015, Fermentalg and SUEZ combined forces to exploit the exceptional ability of microalgae to capture CO2 and other particles from the atmosphere in urban areas and gas emissions from industrial sites. The carbon captured in this way is to be used to generate renewable energy.

The purification power of thousands of trees to be harnessed in one algal biofilter

Fermentalg is deploying its vast know-how in the development and selection of the microalgae at the heart of the algal biofilter. SUEZ is working to integrate these systems into urban areas and a global wastewater treatment cycle. Existing networks transport the biomass produced in the algal biofilter to treatment plants, which transform it into bioenergy.

Three pilot programs are currently underway:

  • One, since early 2017, at a sludge treatment unit at the SIAAP wastewater treatment plant in Colombes (Hauts-de-Seine) to capture CO2 from incinerator emissions;
  • The other two, one located in the heart of Paris since spring 2017 and the other in Poissy (Yvelines) since spring 2018, are designed to capture CO2 and a variety of urban pollutants, such as fine particles and nitrogen oxides.

A multi-year partnership for system scale-up

Following this initial test phase, and convinced by the potential of this technology, Fermentalg and the SUEZ Group have signed an exclusive 8-year partnership agreement, covering the technological development and industrialisation phases of the algal biofilter. A three-year marketing agreement was also signed, setting out the commercial offering for urban and industrial air purification.

About Fermentalg:

An expert in research and bio-industrial use of microalgae, Fermentalg seeks to provide sustainable solutions and innovative products that contribute towards the creation of natural, healthy and effective products. Our business: the development, production and sale of active ingredients extracted from microalgae for the health and nutrition sectors. Natural nutritional oils, pigments and antioxidants, as well as specialty proteins, comprise our present and future offering.

Fermentalg shares are listed on Euronext in Paris (FR0011271600 - FALG).

For more information, visit: www.fermentalg.com

     

 

Contact - Journalists: Contact - Investors:
ACTUS finance & communication
Alexandra PRISA
Tel: +33 (0)1 53 67 36 90
aprisa@actus.fr
ACTUS finance & communication
Jérôme FABREGUETTES-LEIB
Tel: +33 (0)1 53 67 36 78
jfl@actus.fr


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Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-55472-201810-fermentalg-cp-suez-vdef-en.pdf
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© 2018 ActusNews
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Financials
Sales 2020 3,54 M 4,00 M 4,00 M
Net income 2020 -5,10 M -5,76 M -5,76 M
Net Debt 2020 19,9 M 22,5 M 22,5 M
P/E ratio 2020 -3,28x
Yield 2020 -
Capitalization 25,7 M 29,1 M 29,1 M
EV / Sales 2019
EV / Sales 2020 12,9x
Nbr of Employees 65
Free-Float 97,3%
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Mean consensus BUY
Number of Analysts 2
Average target price 2,85 €
Last Close Price 1,22 €
Spread / Highest target 195%
Spread / Average Target 134%
Spread / Lowest Target 72,1%
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NameTitle
Philippe Lavielle Chairman & Chief Executive Officer
Bertrand Devillers Chief Financial Officer
Hywel Griffiths Chief Scientific Officer
Stéphane Villecroze Director
Gilles Schang Director
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