Commercial Production of Spirulina Algae

KSIDC

PROJECT PROFILE

ON

COMMERCIAL PRODUCTION OF SPIRULINA ALGAE

Prepared by:

Kerala State Industrial Development Corporation

Commercial Production of Spirulina Algae

KSIDC

PROJECT PROFILE FOR COMMERCIAL PRODUCTION OF SPIRULINA ALGAE

INTRODUCTION Spirulina is a simple, one-celled form of blue-green algae that gets its name from its spiral shape. The product is currently being hailed as the superfood of the future because of its exceptional nutritional content. Spirulina is a better of its exceptional nutritional content. Spirulina is a better source of protein than either beef or soybean. It is also one source of protein than either beef or soybean. The process involves inoculation of spirulina culture in tanks having mechanized agitators to oxygenate the water. About 20-25 gm of Spirulina grows in 1.0 sq. meter surface area of water in a day. The blue-green algae is removed from water surface and allowed to dry before purification and production of powder by spray drying process. It can be produced in very low cost and high cost depending upon the quality standard of infrasture facility ,production quality parameters and standarization of product followed .Internationally ,customer are willingness to pay for the product is premium price and so high end technology can equally viable as in the case low end .A lot of value added health drinks and products can be generated by using this algae. MARKET Huge Market Demand existing at domestic and international level.The various uses include Food Supplement ,Therapeutic Value ,Pharmaceutical importance .It nutritional value is recognized by UNO,WHO and NASA.NASA recognize this algae as a space food .Its regular use can prevent lever diseases, cardiac vascular diseases ,blood deficiency ,malnutrion ,diabetics etc .Hence it has tremendous growth potential .This algae contain essential amino acid ,minerals ,proteins and vitamins .This alge will grow at a 25 C to 35 C and sunny days are required for the smooth growth. The PH value of the water may be maintained between 8 to 11 .This is done by using chemical agent in this regards .It may be produced in organic form or using chemical fertilizers .Organic products fetch better price in national and international level. PROJECT PARAMETERS CAPACITY Proposed Capacity of the Plant 12000 Kg Dry Spirulina per annum (12 MT)

Commercial Production of Spirulina Algae

KSIDC

LAND The land required for constructing concrete pond ,Quality Checking lab ,plant for drying and packing ,storage house etc estimated to be 2.5 acres.The land will have adequate water facility for filling the concrete tank .This may be either through bore well /other natural sources LOCATION The project is proposed to be located at Life Science Park, Thiruvananthapuram. PLANT AND MACHINERY The major plant & machineries are Concrete Tanks, Automatic Agitator ,Mechanized Cleaning of BioMass, Filtter Press ,Spray Drying ,Vaccum Packing Machine RAW MATERIALS & UTILITIES The main raw material is Mother Culture of Spirulina Algue .Water is the chief utility required for the project MANPOWER Estimated manpower requirement for the project is 30 Nos COST OF THE PROJECT Land Site Development -Earth Work Building Plant & Machinery Concrete Tank 280 Nos Mechanized Cleaning of BioMass & Bio Mass Collecting Vessels PVC Sheet and Rain Guarding Cost Iron Railing Instrumentation and Automatic Agitator Filter Press Spray Dryer Packing Machine Lab Equipments 3750000 1250000 1875000 5180000 950000 1500000 300000 2800000 1250000 1750000 1500000 1000000

Commercial Production of Spirulina Algae

KSIDC

Utilities Contingencies @ 10 % on Above Interest During Construction Pre-feasibility Study Technical Know-how Mis AssetsDeferred Exp on Brand Building Margin for Working Capital Total

3000000 2610500 4000000 250000 500000 534500 5000000 1000000 40000000

Approximate implementation period is estimated to be 1.5 to 2 years MEANS OF FINANCE

Rs in Lakhs Equity Term Loan Total 200.00 200.00 400.00

SALES TURNOVER FINANCIAL INDICATORS

Particulars NET PROFIT in lakhs BREAK EVEN POINT DEBT SERVICE COVERAGE RATIO INTERNAL RATE OF RETURN

221.10 Lakhs

36.10 30 % 1.63 17 %

For further details please contact Kerala State Industrial Development Corporation Ltd. Disclaimer:
The findings contained in this Project Profile are based on the initial information collated through primary and secondary research, which is indicative in nature. Reference herein to any specific commercial product, process, service by trade name, trademark, manufacturer, or otherwise, does not constitute or imply its endorsement, recommendation, or favoring by KSIDC or any entities thereof.