Ministry of Economy, Trade and Industry "Advanced equipment for measures against yen appreciation and energy constraints, etc." Investment promotion project cost subsidy ”
The project to introduce production equipment for the Euglena

Euglena Co., Ltd.

Euglena Co., Ltd. (Headquarters: Bunkyo-ku, Tokyo, President: Mitsuru Izumo) is an economic industry in collaboration with its wholly owned subsidiary Yaeyama Shokusan Co., Ltd. We are pleased to inform you that the Ministry has adopted the "Investment Promotion Project Cost Subsidy for Advanced Equipment, etc. for Countermeasures against Yen Appreciation and Energy Restrictions".
　With this adoption, we will improve productivity while improving energy efficiency by improving the production equipment of the edible microalgae Euglena (Japanese name: Euglena) produced in Ishigaki Island, Okinawa Prefecture. I will work on it. In addition, we plan to further popularize euglena-containing foods in Japan and expand overseas, mainly in East Asia, and will build a production increase system that can meet future demand.
　The details are as follows.

About the adoption of subsidies

■ Name of the subsidized project that was adopted
　"Advanced production equipment introduction business related to production expansion of multifunctional material Euglena
■ Background of subsidy application
　Euglena microalgae is sold as a nutritional ingredient as well as a cosmetic ingredient. In the future, we plan to expand sales in Japan and expand overseas, and demand will increase.
　Since it is expected to be possible, we will aim to increase production while improving energy efficiency by strengthening advanced equipment related to culture in order to improve production efficiency.
■ Equipment to be introduced
　Centrifuges used to concentrate the microalgae Euglena
■ Subsidy target amount (maximum amount)
　194,550,000 yen

<About Euglena Co., Ltd.>
Head Office / Research Institute: 7-3-1 Hongo, Bunkyo-ku, Tokyo University Entrepreneur Plaza 7th floor
Sales: 1,585 million yen
Number of employees: 45 (non-consolidated, as of August 31, 2013)
Business: In 2005, we succeeded in developing a large-scale culture technology for Euglena (Japanese name: Euglena), the world's first microalgae with excellent CO2 fixation capacity. Using Euglena, we develop and sell functional foods, cosmetics, etc., and conduct research for CO2 fixation, water purification, and biofuel production. Listed on TSE Mothers in December 2012. In March 2012, Yaeyama Shokusan Co., Ltd. became a wholly owned subsidiary.

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-Contact for inquiries from the press-
Euglena Co., Ltd. Public Relations and IR Division