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L'Oreal's venture capital fund BOLD acquires minority stake in French biotech Microphyt to strengthen its green sciences ecosystem of beauty; partnership will build technological platform, combine resources to create raw materials from microalgae biomass

UK-based startup Notpla, which specializes in biodegradable and edible packaging made from marine plants, among bidders for Prince William’s Earthshot prizes; Notpla offers flexible film, seaweed paper and rigid materials

Global sales revenue for microalgae in personal care, cosmetics is forecast to hit US$76.5M by 2031, with CAGR of 4.2%; drivers are increasing use of spirulina in treatment of skin issues, use of microalgae in skin whitening, pigmentation reduction: study

Scientists develop calcium alginate bioplastic film from Sargassum as potential alternative for food packaging; film creates 'superior' ultra-high oxygen barrier, is best fitted for low moisture environments, fully degrades in 14 days in compost

DIC announces investments of about US$9M at US subsidiary Earthrise and Chinese subsidiary Hainan DIC Microalgae to realize zero water emissions by 2023; company aims to produce edible blue-green Spirulina algae and a natural blue food colorant LINABLUE

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