Algae biomass plant in a closed recirculation system, located in the Pazardzhik, municipality Strelcha, Svoboda village

The project proposal of Algae Farm AD envisages the construction of a plant for the production of algal biomass will be built in the village of Svoboda, Strelcha, reg. Pazardzhik, Kolibi area. The plant will consist of two production units for the production of microalgae - "Chlorella / Scenedesmus / and" Spirulina production unit. The numbers of the properties in which the investment will be made on the cadastral map of the village of Svoboda, Strelcha are: 020179 and 020182. The owner of the property is Algae Farm AD with headquarters and management address: Pazardzhik, municipality The plot of property 020179 is 11,616 decares ECATTE 65807 and on property 020182 is 10.000 decares ECATTE 65807. The altitude of the property is 300 m. The implementation of the project proposal will be met by a large number of the selection criteria set out in the Applicant's Conditions under this procedure, such as: 1. Open 6 new full-time jobs; 2. Achieve a positive net present value of the investment within the first 3 years of the project implementation; 3. Implement methods and technologies that improve the energy and resource efficiency of an enterprise as illustrated by the attached Energy Efficiency Report; 4. Make an investment to ensure a safe working environment by purchasing personal protective equipment and introducing security systems; 5. Make investment in the reproductive-production process by providing conditions for inoculum recovery from chlorella and spirulina in a closed recirculation system; 6. Focus on the cultivation of species with very good market potential - chlorella and spirulina; 7. Introduce farm innovations.

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Overview

Status In execution (starting date)
Start date 16 Mar, 2018
End date 16 Dec, 2019
Contract date 16 Mar, 2018
View in UMIS

Beneficiary

Financial information

Total cost 1,696,356.81
Grant 848,178.40
Self finance 848,178.41
Total paid 649,161.14
EU participation percent 75.0%

Location