Photosynthetic organisms that convert CO₂ into biomass and algal oil, which are then further processed into end products for the food, fuel, and chemicals industries.

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Algae innovation is now dominated by large corporations following the collapse of the startup space in the mid-2010s; companies initially focused on the fuel industry fast-tracked commercialization with subpar algae to capitalize on the hype, and most failed. The potential of algae now lies within the chemicals and nutrition sectors and is progressing fast. Despite the recent string of failures, ...

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