Sea6 Energy

Sea6 Energy is a biofuel company based in Bangalore, India[2] that focuses on the "macroalgal" fuel source of seaweed.[3] The company's primary focus is to derive ethanol fuel from seaweed (particularly red seaweed) that can replace non-renewable energy sources commonly derived from fossil fuels.[4] In 2012, Sea6 Energy was given the title of "Emerging Company of the Year" by the Government of Karnataka.[5]

Sea6 Energy Private Ltd.
TypePrivate
IndustryBiofuel
FoundedChennai, India, July 2010 (2010-07)[1]
FounderSayash Kumar
Nelson Vadassery
Sowmya Balendiran
Sailaja Nori
Shrikumar Suryanarayan[1]
Headquarters
Bangalore[2]
,
India
ProductsSeaweed biofuel
Websitewww.sea6energy.com

Company history

As students at the Indian Institute of Technology Madras (IIT Madras) in 2008, the company's four founders—Nelson Vadassery, Sailaja Nori, Sowmya Balendiran, and Sayash Kumar—sought out the help of their professor, Shrikumar Suryanarayan, to aid in entering the iGEM competition hosted by the Massachusetts Institute of Technology.[3] Suryanarayan, now the chairman of Sea6 Energy, helped the students enter their project in the competition and spurred their interest in the biofuel industry.[3] Suryanarayan had also previously worked at the Indian biotechnology company, Biocon, where his own interest in studying seaweed as a biofuel was piqued.[6]

The company was founded in July 2010 with funding from a few IIT Madras alumni, Suryanarayan, the Indian Department of Biotechnology, and other investors.[6] The company began operation in Chennai, using laboratories and equipment provided by IIT Madras.[1] The company would later move to their current location in Bangalore to take advantage of facilities and instrumentation at the Centre for Cellular and Molecular Platforms (C-CAMP),[7] a company co-founded by Shrikumar Suryanarayan.[8]

On 31 January 2012, Sea6 Energy signed a deal with Danish biotech company, Novozymes.[9] The goal of the partnership is to facilitate the conversion of seaweed carbohydrates into sugars that can be used to produce ethanol.[10]


Now the valuation of company is $10million. It's hoping to be valued around $90million by 2020


Research and development

Traditionally, algal-based biofuels have been derived from microalgae that grow in fresh water sources.[3] Shrikumar Suryanarayan and the 4 co-founders sought to research the viability of macroalgae (seaweed) as a fuel source.[1] To do this, they needed a way to efficiently farm the seaweed, which led to the creation of a farming system built from a marine plastics polymer.[1] Sea6 Energy successfully applied for a patent for their aquatic farming structure in 2012 (one of their two patents that has been published).[11]

Sea6 Energy has successfully converted red seaweed into ethanol[6] and natural gas[2] in their labs. They believe that seaweed can replace fossil fuels and other types of green fuels in a way that is both sustainable and good for the environment.[6] The current goal of Sea6 Energy (along with their partner, Novozymes) is to find an enzyme that breaks down red seaweed carbohydrate into monosaccharides more efficiently.[1] These monosaccharides must undergo fermentation in order to be converted into ethanol.[6]

References
  1. Singh, Nandita; Vipul Murarka (22 March 2012). "Tapping the ocean to meet fuel demand". BioSpectrum. Retrieved 25 April 2014.
  2. Abrar, Peerzada (31 January 2014). "How lifesciences startups are turning futuristic ideas into successful business ventures". The Economic Times. Retrieved 25 April 2014.
  3. Pulakkat, Hari (28 July 2011). "How Chennai startup is using seaweed to drive India's biofuel thrust". The Economic Times. Retrieved 25 April 2014.
  4. Kennedy, Charles (4 August 2011). "Indian Company Investigating Seaweed as Possible Biofuel". Oil Price. Retrieved 25 April 2014.
  5. Vaidya, Manasi; Saptarshi Chaudhuri; Uma Kelath; Vipul Merarka (8 March 2012). "Minds meet to fuel India's bioeconomy". BioSpectrum. Retrieved 26 April 2014.
  6. Mukherji, Biman (1 October 2012). "The Power of Seaweed". India Realtime via The Wall Street Journal. Retrieved 25 April 2014.
  7. "Incubation at C-CAMP". www.ccamp.res.in. C-CAMP. Retrieved 26 April 2014.
  8. Gunashekar, Raj (14 February 2014). "We are not a risk-loving country". BioSpectrum. Retrieved 26 April 2014.
  9. Singh, Seema (31 January 2012). "Bold and Beautiful: Turning Seaweed into Biofuels". Forbes India. Retrieved 26 April 2014.
  10. Babu, Vikash; Ashish Thapliyal; Girijesh Kumar Patel (2013). Biofuels Production (1 ed.). Wiley-Scrivener. ISBN 978-1118634509.
  11. "Sea6 Energy". www.google.com. Retrieved 25 April 2014.
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