Before the European Commission, AlgaEnergy promoted the project CO2ALGAEFIX, whose objective is the biofixation in microalgal culture of the existing CO₂ in the combustion gases of industrial origin and the transformation of this harmful gas into useful and marketable products.

The Consortium formed to develop this project is led by AlgaEnergy and completed by Iberdrola, the Andalusian Energy Agency, Exeleria and Madrid Network, as well as the Universities of Seville and Almeria. This initiative is part of the project's portfolio approved and co-financed by the European Commission within LIFE+ 2011 Program.

The development of this program which, as a result of subsidies only, has EUR 3 million, involves the construction and exploitation of a microalgae cultivation plant located on the land of the Combined Cycle Power Plant that Iberdrola owns in Arcos de la Frontera (Cadiz), the largest in Spain and the second largest in Europe, with 1600 MW of installed power.

Co-funded by: