# MiAlgae gets £2.5m from Scottish National Investment Bank for Grangemouth omega-3 plant

Canonical page: https://technooptimist.io/stories/mialgae-gets-2-5m-from-scottish-national-investment-bank-for-d2986eeb
Date: 12 Oct 2026
About: [Factory](https://technooptimist.io/companies/factory.md)
Original source: https://www.greenqueen.com.hk/mialgae-algal-omega-3-fish-oil-whisky-waste-grangemouth-scotland-funding/

MiAlgae, a University of Edinburgh spinout, received £2.5 million ($3.3 million) from the Scottish National Investment Bank to help build its factory on the former Grangemouth refinery site. The plant ferments DHA-rich microalgae fed on whisky byproducts to make a vegan omega-3 ingredient, an alternative to fish oil.

## Key facts

- The facility will produce over 10 times the company's current omega-3 output and process over 36 million litres of whisky byproducts.
- The site is the former Petroineos refinery, which closed in April 2025; construction started in late 2025.
- The process also treats waste water, which the company says it returns to waterways as clean water.
- MiAlgae expects its workforce to grow by 90 to 156 people by the end of 2028 and plans to supply pet nutrition customers in the UK, EU and US.
- The funding follows an earlier £3 million from the UK government.

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