Algae Culture

Iceland offers this growing and exciting industry huge advantages for development and future production potential. 

The beneficial factors in Iceland for algae culture include:

  • Abundance of pure cold water
  • Cool climate
  • Renewable geothermal energy
  • Multiple energy- and valuestreams from geothermal power plants
  • Long term contracts and stable costs
  • Zoned land, ready for development

Reasons to choose Iceland:

Green renewable energy at competitive rates

  • Iceland’s renewable geothermal energy, with its competitive rates, offers the algae culture industry a great environment for a future micro algae production centre.

Long-term energy contracts and stability in production costs

  • Iceland's ability to offer long-term energy contracts provides valuable stability for production costs.
  • Further benefits include stable grid connections and reliable delivery rates.

Exciting future potential

  • Algae culture is an industry with incredible development potential.
  • Iceland offers the ideal setting to advance this potential in a whole range of areas, such as biofuel.
  • Iceland was named as a premier location for algae biomass production at the 2013 European Algae Biomass Conference because of the country’s renewable energy resources and logistic potential.
  • Algalif produces high-quality natural Astaxanthin in their facilites by Reykjanes geothermal power plant.
  • Algaennovation produces ultra high Omega3 microalgae in new facilities by Hellisheidi  geothermal power plant.
  • KeyNatura produces a range of Astaxanthin products in their facilities in Hafnarfjordur.

Get in touch

For further information on the benefits of establishing a business in Iceland please feel free to contact us.


Erna Björnsdóttir

Head of Specialized Food and Natural Products
+354 511 4000
E-mail: erna[at]

For further information

Geothermal Greenhouse research

Geothermal Greenhouse Market Research Report
Extract from a Geothermal Greenhouse market research report

Excellent Infrastructure

Iceland has excellent infrastructure, from basic infrastructure to information and communications technology, road systems, air connections and freight ports.


Iceland's geothermal energy resources make it the perfect location for greenhouse production with opportunities such as zero carbon footprint, pesticide-free growth and low cost production.