Mara Renewables Corp. has received a $3 million conditional loan from the federal government to research the best ways to produce commercial quantities of algae-based nutritional supplements.
The government announced last week that the Atlantic Canada Opportunities Agency would lend $3 million to the Dartmouth company through its Atlantic Innovation Fund, which finances large research projects.
For the past three years, Mara has produced an oil from algae that is rich in Omega-3 fatty acids, the oily substance found in salmon that benefits the heart. The company now makes the oil at a plant