Alginor ASA

Industry

Biorefining, Cosmetics, Energy, Bioprocess equipment, Feed, Food ingredients, Industrial chemistry, Waste & circular economy

Topics

Seaweed, alginate & carrageenan, Biomass, bagasse & waste valorisation, Sugar, palm oil & agri-commodity processing, Animal feed & feed additives

Role

Producer — “…ision: Become a large-scale manufacturer and supplier of unique kelp-derived ingredients globally, leveraging…”

Why it is bioeconomy

Alginor is a Norwegian marine biotech company focused on the sustainable, formaldehyde-free biorefining of brown macroalgae into high-value bio-based ingredients for various industries.

Found via

[Rubric] Norway · biomaterials; [Rubric] Norway · biostimulants; [Rubric] Norway · enzymes; [Rubric] Norway · methane-feed

Not yet cited as a supplier in a graded solution.

Subsidiaries: Hypomar AS · Oewa AS · Alginor Biorefinery AS · Alginor Pharma Ingredients AS · Alginor Industrial Estate AS

• 2026-08 Latest status: The company secured new funding in August 2026 to continue operations following a challenging financial period that included temporary layoffs and a pause in the F3 biorefinery project. ↗ ↗ ↗
• Status review: distressed — Temporary layoffs, a halted demonstration-plant investment and a Borregaard impairment (2026-02/05); new funding secured 2026-08.
• 2026-05-28 Borregaard ASA: Alginor faces a challenging financial situation | MarketScreener Hong Kong
  Alginor ASA is facing financial and operational difficulties, including supply and development delays, cost overruns, and an unviable demonstration plant investment, leading to temporary layoffs and a revised strategy, with Borregaard providing additional …
• 2026-02-04 Borregaard ASA: EBITDA1 of NOK 405 million in the 4th
  Borregaard reports a NOK 245 million impairment in 4Q2025 of its bio-based start-ups, including Alginor ASA, reflecting adverse developments in these companies. This impairment is recorded under financial items.
• 2026-04-27 PROTEUS partner Essity has published a feature on its role in the project and its work on algae-based materials for hygiene and health products | PROTEUS
  Alginor ASA leads the PROTEUS project as the coordinator, driving the flagship kelp biorefinery development (2024–2028), overseeing sustainable harvesting (via Hypomar AS) and biorefinery process innovations to convert kelp biomass into value-added …
• 2026-05-28 Børsmeldinger: Selskapers kvartalsresultater viser blandede bilder med både sterke og svake resultater | Næringsliv
  Alginor ASA is in a difficult financial situation due to rising input materials, delayed product development and commercialization, and cost overruns from a demonstrational plant; the company has decided to halt the investment and plan employee layoffs, with …
• 2026-01-30 On site in Haugesund: PROTEUS partners hold first project review and fourth meeting | PROTEUS
  Alginor ASA is a fully integrated B2B biomarine ingredients company coordinating the PROTEUS project, overseeing sustainable harvesting of Laminaria hyperborea and biorefinery development from 2024–2028, and closely collaborating with its subsidiary Alginor …
• 2025-10-06 Borregaard ASA: Borregaard to participate in a convertible loan to Alginor
  Borregaard ASA will join as a guarantor in a NOK 200 million convertible loan to Alginor, with eligibility for lenders to convert to Alginor shares at NOK 10 per share; Borregaard’s potential share of the loan ranges from NOK 83–111 million, to be disbursed in …

Ownership & investors 6

Partners & deals 1

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