22 Million Euro Innovative Project

The public presentation of the ALGATEC Eco Business Park project will take place, on Thursday, July 13, in Solvay’s industrial area. The platform, called "ALGATEC - Eco Business Park", is an innovative project for research and production of microalgae, promoted by the group Algae for the Future (Portuguese company) in partnership with the company LusoAmoreiras and the chemical group Solvay.

The project foresees microalgae production and aquaculture, as well as the development of a cluster, integrating the microalgae production units with each other and with the industry set in the Municipality of Vila Franca de Xira, in a logic of circular economy.

The investment is 22 million euros, and it is planned to create about 100 specialised new jobs.