Nusqe Spanton, CEO and founder of Provectus Algae looks at how photosynthesis can offer sustainability in biomanufacturing and the role microalgae play in this.
Over the past few decades, the biotechnology community has transformed the applications of cellular systems. They have expanded from interesting research tools to extremely valuable and increasingly prevalent manufacturing engines. However, as we consider the future of the planet, questions remain about how sustainable its practices are.
Though biomanufacturing has found its way into many essential industries, a large portion of the industry’s growth has been spurred by biopharmaceuticals, particularly in the wake of Covid-19. Worldwide annual biopharmaceutical revenue estimates have surpassed 300 billion USD, growing by ~12% on average per year. The bioprocessing market itself has also grown in parallel, driven in part by increased demand for bioprocessing equipment.